More electric vehicles may now qualify for $7,500 tax credit

Published: Feb. 3, 2023, 9:34 p.m.

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The Biden Administration announced today that more car owners may soon be able to claim the $7,500 consumer tax credit for electric vehicles. This is after a tweak to the Inflation Reduction Act has broadened certain conditions for crossover SUVs to quality.

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In today's Tech and Business Report, KCBS Radio's Holly Quan spoke with Bloomberg automotive reporter Keith Laing for more details.

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