You have only a few more days to buy an EV under existing tax incentives; everything changes on April 18. Which carmakers are best positioned for the future?
Last August, President Biden signed the Inflation Reduction Act. Among its hundreds of pages were measures to restructure the federal tax incentive for buying a plug-in vehicle and boost U.S. production of EVs and their batteries. Much confusion ensued.on March 31, meaning next Tuesday, April 18, is the day everything changes.
Looking at the EVs on the market for 2023, winners and losers in the incentives game start to emerge based on where they're built. Here is our non-comprehensive list of where we stand for retail buyers a week before the new rules take effect.: General Motors not only plans to build all its future EVs in North America but has announced numerous mineral-sourcing contracts and is setting up at least three battery plants as joint ventures with its longtime cell partner LG Energy Solutions.
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