Thanks to the Inflation Reduction Act, folks who purchase electric vehicles can receive a tax credit of up to $7,500 per vehicle, allowing millions of consumers to ditch the pump and easily switch to an EV.
Take a look: https://t.co/rF5wXSF5DF— President Biden (@POTUS) January 3, 2023
Subsidies ... because people aren’t buying them on their merits.
“The U.S. Treasury is changing its definition of an "SUV" to make more electric vehicles from Tesla… and others eligible for up to $7,500 federal tax credits at higher prices”
Biden administration expands EV tax credits in boost for Tesla, Cadillac… https://t.co/ex13GMBT08— Kendall (@KReichley) February 3, 2023