2023 Chevy Bolt Inflation Reduction Act
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2023 Chevy Bolt Inflation Reduction Act
Enacted August 16 2022 The Inflation Reduction Act of 2022 Public Law 117-169 amends the Qualified Plug-in Electric Drive Motor Vehicle Credit now known as the Clean Vehicle Credit and adds a new requirement for final assembly in North America that takes effect on August 16 2022Additional provisions will go into effect on. The Inflation Reduction Act would eliminate the sales cap in 2023. Unlike automakers that have raised their car prices Chevrolet slashed the Bolt EVs MSRP.
The Inflation Reduction Act. While many of them wont kick in until the end of 2022 or. The Inflation Reduction Act also extended the 7500 tax credit we all know and love but added a number of stipulations.
The new law changes.
The Inflation Reduction Act would eliminate the sales cap in 2023. The Inflation Reduction Act of 2022 Public Law 117-169 amended the Qualified Plug-in Electric Drive Motor. Thats now cheaper than the Nissan Leaf which is currently the cheapest EV you can buy in. The Tesla Model 3 Tesla Model Y and Chevy Bolt are no longer eligible for credits under the current tax scheme which phases out tax credits after an automaker sells 200000.
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