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31 Mar
17:24

US Treasury, IRS release proposed EV tax credit guidelines

The US Treasury Department is releasing its proposed guidance on the new clean vehicle tax credits contained in the Inflation Reduction Act, and US Senator Joe Manchin, D-West Virginia, is fighting back, Kallanish reports. Treasury and the IRS have issued what is called the Notice of Proposed Rulemaking (NPRM) to provide clarity to manufacturers and consumers on the long-awaited Inflation Reduction Act EV tax credits. The NPRM outlines how manufacturers may satisf…
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