New data show the rules governing the electric car tax credits have boosted some automakers and hurt others.
Last summer, Congress revised the rules governing the $7,500 tax credit many Americans can claim when they buy an electric car. Among other changes, the new rules applied the tax credit only to electric vehicles built in North America.
Last summer, Congress revised the rules governing the $7,500 tax credit many Americans can claim when they buy an electric car. Among other changes, the new rules applied the tax credit only to electric vehicles built in North America.Experian EXPGY tracks registrations of new vehicles nationwide. In January – when the new rules became active – Experian reports that sales of domestic EVs surged. Sales of EVs built outside North America fell off.
More: New 2023 EV tax incentives: How they work, which cars qualify, and where to get even more savings
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