Legislation Seeks to Repeal Federal Tax Credits for EVs and Charging Stations
May 02, 2024
May 02, 2024
WASHINGTON, May 2 -- Sen. Kevin Cramer, R-North Dakota, issued the following news release:
Under Section 30D of the Internal Revenue Code, eligible taxpayers may qualify for a tax credit of up to $7,500 following the purchase of a new, qualified plug-in electric vehicle (EV) or a fuel cell electric vehicle (FCV) purchased between 2023 to 2032. According to the Tax Foundation, these aggressive tax credits, established under the Inflation Reduction Act, are anticipated to cost roughly . . .
Under Section 30D of the Internal Revenue Code, eligible taxpayers may qualify for a tax credit of up to $7,500 following the purchase of a new, qualified plug-in electric vehicle (EV) or a fuel cell electric vehicle (FCV) purchased between 2023 to 2032. According to the Tax Foundation, these aggressive tax credits, established under the Inflation Reduction Act, are anticipated to cost roughly . . .