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US Treasury Lifts EV Tax Credit Confusion Over SUV Price Cap

04 Feb 2023 | Abstracted from Green Car Reports

"Treasury is updating the vehicle classification standard to use the consumer-facing EPA Fuel Economy Labeling standard, rather than the CAFE...

"...the use of it for the EV tax credit essentially threw down a dividing line down in the middle of the SUV field, penalizing lighter models with two-wheel drive, while rewarding heavier models

"Simply put, some models classified as SUVs on their window stickers were being limited to the $55,000..."



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