The Internal Revenue Service (IRS) and the US Department of the Treasury released additional information on the clean vehicle provisions of the Inflation Reduction Act on March 31, 2023. The information provides further clarity to consumers and businesses on the New Clean Vehicle Credit, the Previously-Owned Clean Vehicle Credit, and the Qualified Commercial Clean Vehicles Credit. Continue reading »

On November 9, 2022, the Great Plains Institute (GPI) hosted a webinar, “Building a Sustainable Domestic Electric Vehicle Supply Chain.” The webinar brought experts together to critically examine and identify actions needed to mitigate supply chain issues in the US. Continue reading »

Electric vehicle tax credits expanded significantly with the enactment of the Inflation Reduction Act. While the law expands the prior $7500 federal electric vehicle tax credits by lifting the 200,000-vehicle sales cap for manufacturers to be eligible, it also introduces new requirements for eligibility along with expanding the definition for clean vehicles. Now, vehicles fueled by fuel cell motors can also take advantage of the tax credit. The Inflation Reduction Act also introduces a tax credit for pre-owned electric vehicles. In this post, we highlight key eligibility requirements and share additional consumer resources. Continue reading »