Treasury lifts EV tax credit confusion over SUV price cap

Treasury lifts EV tax credit confusion over SUV price cap

2023 Tesla Model Y  -  Courtesy of Tesla, Inc.The U.S. Treasury Department on Friday announced an update on how vehicles will qualify as a car or an SUV under the revamped EV tax credit, now known as the clean vehicle tax credit. For EV shoppers it’s good news, as it will clear up a confusing and seemingly arbitrary dividing line in which some versions of certain models—like the...