Navigating the New Electric-Vehicle Tax Credits to Get More Money Back

For electric-vehicle shoppers, the decision to buy now or wait a few months could cost thousands of dollars. 

Last week, President Biden signed the Inflation Reduction Act, a broad climate, healthcare and tax law. As part of the pact, the rules as to which vehicles qualify for an electric-vehicle tax credit have changed, including a new rule that requires final assembly in the U.S. for purchases on or after Aug. 16.