The government's new classification of cars that qualify for the generous tax credit is a win for Tesla and other automakers.
GM said it was"excited" that customers who qualify for the tax credit will be able to use it to buy the Lyriq SUV."Tax credits are a proven accelerator of electric vehicle adoption," the company said in a statement sent to CBS News.
The tax credits will be retroactive for the newly qualified vehicles for purchases on or after January 1, when the new rebates went into effect. because the company had reached a limit of 200,000 vehicles sold. But the tax credits through the IRA don't have such a limit, which means more buyers may be able to lower the purchase price of a Tesla this year through the tax credit. so they would qualify for the tax credit and as more motorists move to go electric.
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