EV Tax Credit: What It Is, How It Works, and Do You Qualify? | The Federal EV Tax Credit Explained

You may have heard that the rules surrounding the federal tax credit for buying an EV have changed now that the Inflation Reduction Act is law. Lauren McCay of Edmunds explains everything you need to know about the new requirements, including the price limits on eligible vehicles, personal income thresholds for buyers, the new importance of where the vehicle was assembled, and the timing of your purchase as 2022 comes to an end. How do you know what vehicles qualify? And what about using the credit toward the purchase of a used EV? Lauren breaks it all down so you can do your best to take advantage of the federal tax credit of up to $7,500.

How to Take Advantage of the New Federal EV Tax Credits: https://edmu.in/3imG4tc


00:00 Intro
00:55 What Changed?
01:29 Requirements
02:21 American Made
03:18 New EVs
03:57 Used EVs
04:53 Timing
05:37 Supply Limits
06:12 Do You Qualify?


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