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Kiplinger
Kiplinger
Business
Kate Schubel

UNCOVERED: How the election could impact the ev tax credit - The Untold Story

A gas pump facing an electric pump with two vehicles in the background.

This year’s presidential election spotlighted many tax issues and perspectives, including the EV tax credit.

The federal tax credit of up to $7,500 for new eligible vehicles and up to $4,000 for used EVs came as part of the Inflation Reduction Act (IRA), which in the past two years, has spurred investment from EV manufacturers.

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