If you're thinking about going electric this is some interesting news.
You can draw your own conclusions.
"A tax credit of up to $7,500 could be used to defray the cost of an
electric vehicle under the Inflation Reduction Act now moving toward
final approval in Congress. But the auto industry is warning that the
vast majority of EV purchases won’t qualify for a tax credit that large.
That’s mainly because of the bill’s requirement that, to qualify for the
credit, an electric vehicle must contain a battery built in North
America with minerals mined or recycled on the continent."
Most electric vehicles won’t qualify for federal tax credit
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--FT
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