Learn about the impact of the Inflation Reduction Act of 2022 on purchasing new and used EVs.
EVs Eligible for $7,500 EV Tax Credit in Inflation Reduction Act
The Inflation Reduction Act changes the availability of electric vehicle tax credits to only those assembled in North America. Several popular EVs — Hyudai Ioniq 5, Kia EV6, and BMW — i4 aren't eligible.