Inflation Reduction Act & What It Means for EV Production
QAD
FEBRUARY 23, 2023
Finally, specific organizations, such as public schools and local transportation services, could receive a tax rebate equaling 100% of the vehicle cost. The required portion starts at 50% in 2023, increasing another 10% each year until it reaches 100% in 2029. These credits come with specific stipulations, though.
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