Electric Vehicle Tax Credit Rules Create ‘Chaos for Consumers’
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Electric Vehicle Tax Credit Rules Create ‘Chaos for Consumers’

Buying an electric car has become much more complicated because of restrictions on which models qualify for a federal tax credit of up to $7,500.
U.S. Car Brands Will Benefit Most From Electric Vehicle Tax Breaks
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U.S. Car Brands Will Benefit Most From Electric Vehicle Tax Breaks

Rules that take effect on Tuesday will limit the $7,500 credits to electric cars made domestically with minerals from the U.S. or trade allies.
New Rules Will Make Many Electric Cars Ineligible for Tax Credits
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New Rules Will Make Many Electric Cars Ineligible for Tax Credits

The Biden administration hopes its guidelines for up to $7,500 in tax credits will encourage automakers to reduce their reliance on China for batteries and raw materials.
Electric Vehicles Could Match Gasoline Cars on Price This Year
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Electric Vehicles Could Match Gasoline Cars on Price This Year

Competition, government incentives and falling raw material prices are making battery-powered cars more affordable sooner than expected.