The Federal Tax Credit for Electric Cars Is Changing in March 2023
Snippet of Article: "...The first step is owning a qualified vehicle, which is all listed on the IRS website. An EV owner will really only get the full credit if their federal tax liability adds up to at least $7,500, per CNBC. ...the main changes to the vehicle credit have a lot to do with the manufacturing materials and components of the vehicle battery. Half of the credit is based on the fact that 40 percent of the critical battery minerals must be from the U.S. or countries with free trade agreements with the U.S."
Source: www.greenmatters.com