October 2022

EV tax credit rules on American sourcing will get fast-tracked by IRS

The Internal Revenue Service (IRS) and U.S. Treasury Department are seeking public comment on draft rules for the revised federal EV tax credit, indicating these rules could be on the fast track to finalization. “We are trying to do this expeditiously,” John Podesta, senior White House advisor overseeing energy guidance, told Bloomberg and other… Source: […]

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Vermont offers $3,000 EV incentive for retiring a “high-polluting vehicle”

Several states currently offer EV purchase incentives, but a new Vermont program takes things a step further by offering cash to residents who replace a “high-polluting vehicle” with an EV. Called Replace Your Ride (RYR), the program offers $3,000 to Vermont residents who retire an operational vehicle deemed to be high-polluting that is at least…

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