• The New York Times, Thursday, April 20, 2023 5:25 PM

Just 11 electric vehicles from only four automakers -- Tesla, General Motprs, Ford and Volkswagen -- qualify for the full $7,500 tax credit via the Inflation Reduction Act. "In August, the law ruled out the full tax credit of $7,500 for electric vehicles and plug-in hybrids assembled outside North America," per The New York Times. "That may make it harder for consumers to take the financial or psychological leap to buy a battery-powered car. The Treasury Department further tightened those rules this week by requiring that a certain percentage of the components and minerals in car batteries are sourced from the United States or in countries that are its trade allies — numbers that will increase over time."

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