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Thursday, December 29, 2022

EV tax credit loophole may cut lease payments for EVs made overseas

2022 Chevrolet Bolt EUV and EV production startsThe U.S. Treasury Department confirmed Thursday that buyers can effectively bypass both the American final assembly and critical-mineral requirements for electric vehicles—if those EVs are leased. That means, according to Reuters, starting Jan. 1, automakers selling EVs with final assembly outside the U.S. may be eligible for a tax credit of...

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