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Tax law changes
Hi,
Here is some info that might help. The Inflation Reduction Act made several changes, including adding a requirement that final assembly of the new electric vehicle occur in North America. Here is an excerpt from the IRS website This website also includes general manufacturer info for model 2022-23 vehicles and a VIN-specific look-up, both of which are included below.
New Final Assembly Requirement
If you are interested in claiming the tax credit available under section 30D (EV credit) for purchasing a new electric vehicle after August 16, 2022 (which is the date that the Inflation Reduction Act of 2022 was enacted), a tax credit is generally available only for qualifying electric vehicles for which final assembly occurred in North America (final assembly requirement).
The Department of Energy has provided a list of Model Year 2022 and early Model Year 2023 electric vehicles that may meet the final assembly requirement. Because some models are built in multiple locations, there may be vehicles on the Department of Energy list that do not meet the final assembly requirement in all circumstances.
To identify the manufacture location for a specific vehicle, please search the vehicle identification number (VIN) of the vehicle on the VIN Decoder website for the National Highway Traffic Safety Administration (NHTSA). The website, including instructions, can be found at VIN Decoder.
If this helps you, please cheer below.
Best,
Karen
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