1/13/2024 0 Comments Plug in hybrid electric vehicles![]() ![]() There is a price cap on qualifying EVs.The Inflation Reduction Act made several major changes to the tax credit: What are the requirements to qualify for the EV tax credit? Here's what you need to know about the EV tax credit, including how to claim it and which cars qualify for it.įor more on electric vehicles, see how many charging stations there are in your state and lay your eyes on the first hybrid Corvette. The changes trimmed the number of models eligible in the short run, but the Biden administration has said the new guidance will encourage more domestic companies to manufacture zero-emission vehicles. Read more: Tough New Emission Standards Could Drive Up EV Sales This story is part of Taxes 2023, CNET's coverage of the best tax software, tax tips and everything else you need to file your return and track your refund.
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