Here’s how to navigate the complicated new rules that govern the plump $7,500 federal tax cut on a wider range of cars. But first, choose one that's made in the right place and hope you don’t make too much money.
0:00 New EV Tax Credits Explained
0:36 Tax Credit Extended to 2032, No More Penalty For Success
1:21 You Can Apply The Credit Immediately
2:54 Purchase Price and Income Limits
3:41 EV Must Be Built In The USA, Mexico, Or Canada
4:13 EV Battery Components, Critical Materials Rule
5:34 Used EV Tax Credits
6:18 Plug-In Hybrids Qualify Too
7:20 Cooley's Bottom Line
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