Internal Revenue Service shrinks the Vehicle list that Qualify for EV Tax Credits
AutoShopOwner
APRIL 25, 2023
According to the Internal Revenue Service, 22 EVs now qualify for IRC Section 30D tax credits, down from 41 By NADA Tysons, Va.—On April 19, the Treasury Department added the Volkswagen ID.4 to the list of vehicles qualifying for the full $7,500 tax credit. On April 18, the number of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) eligible for an Internal Revenue Code (IRC) Section 30D tax credit shrank considerably.
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