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May 23, 2024
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Treasury, DOE Issue Proposed ‘FEOC’ Rules for EV Tax Credits
New Guidelines Could Cut Credits for EVs from US Automakers
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As U.S. automakers pull back on plans to invest heavily in electric vehicles, claiming sales are not growing as fast as expected, the Treasury Department and Internal Revenue Service issued new guidelines on the federal tax credits for EVs that could further slow sales.

Battery Electric VehiclesCompany NewsDepartment of Energy