One way to beat new EV tax credit limitations: Buy now
, as Congress prepares for final votes today on a bill that includes a top-to-bottom overhaul of Washington's clean vehicle policies.
New restrictions on battery sourcing and critical minerals, along with price caps and income caps, take effect on Jan. 1, which will potentially make all current EVs ineligible for the full $7,500 credit. A Congressional Budget Office forecast estimated as few as 11,000 EVs may qualify for the tax credit in 2023.
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