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‘Tweaks’ to the EV tax credit are probably coming soon.
President Biden has been getting an earful from foreign automakers, and even some heads of state, about the tough new requirements that need to be met to qualify for the $7,500-per-vehicle EV tax credit. And it sounds like he’s ready to do something. It will be a photo finish to see if he can get something passed during the lame duck session and before the IRS is required to issue guidance before the end of the year.
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