Ten electric or plug-in hybrid vehicles will be eligible for a $7,500 US tax credit, while another seven could get $3,750 under new federal rules that go into effect on Tuesday.
But under the Treasury Department rules and other provisions of last year’s Inflation Reduction Act, most of the more than 60 electric or plug-in hybrids on sale in the US won’t get any tax credits.
That could slow acceptance of electric vehicles and could delay reaching President Joe Biden’s ambitious goal that half of new passenger vehicles sold in the US run on electricity by 2030.
