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Automakers

VW, BMW, Volvo lose access to U.S. EV tax credits

The BMW 330e plug-in hybrid is among models losing tax credits under IRA.
R
By:
Reuters
April 18, 2023 09:34 AM

The U.S. Treasury said that Volkswagen, BMW, Nissan, Volvo, Hyundai and Rivian electric vehicles will lose access to a $7,500 tax credit under new battery sourcing rules.

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