Mobility

EV tax credits improve affordability. But their power is limited

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Ford’s F-150 Lightning and Mustang Mach-E, both eligible for the credit, charge at a Supercharger site near Seattle. Carmakers need to educate buyers on the maze of discounts that lower the cost of an EV. (MICHAEL MARTINEZ)
July 14, 2024 10:00 AM

The benefits of a landmark federal tax credit for electric vehicles are diminishing as eligibility requirements become more rigid, and many consumers say they don't fully understand the incentives.

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