What to Know About the Electric Vehicle Tax Credits, and How to Get More Money Back

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Some taxpayers will spend a lot more money on an electric vehicle if they don’t rush out to buy one soon

The Inflation Reduction Act has income limits, vehicle price caps and a host of other variations that affect the cost of an EV

The climate bill knocks thousands of dollars off the sticker price of electric vehicles, but it is also redefining which cars are eligible. WSJ’s George Downs breaks down the new rules and what it means for the EV industry. Illustration: George DownsFor electric-vehicle shoppers, the decision to buy now or wait a few months could cost thousands of dollars.

 

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