Hi Susanrich306, thanks for the event question.
Inflation Reduction Act of 2022 (IRA 2022) signed into law on 8/16/2022. Hence terms used here are “Pre-IRA 2022” and “Post-IRA 2022.”
The new name is Clean Vehicle Credit vs. previously called New Qualified Plug-In Electric Drive Motor Vehicle Credit.
The EV credit is live and well. "Post-IRA 2022" eliminates the phase-out rules when a manufacturer reaches its 200,000th sale, and replaces it with modified credit amounts, qualifying requirements and expiration date.
Starting 1/1/2023, it has taxpayer income limits, vehicle price limits, and many other rules. A qualified EV purchased from GM and Tesla qualifies once again for the credit under the new law.
I find the page 2 chart from below link helpful. Please focus on "Pre-IRA 2022 Plug-in EV Credit" and "Post-IRA 2022 Clean Vehicles Credit and Credit for Previously Owned Clean Vehicles" columns.
Clean Vehicle Tax Credits in the Inflation Reduction Act of 2022
https://crsreports.congress.gov/product/pdf/IN/IN11996
Page 3 contains links for three "Additional Resources".
Thank you and hope the above helps.
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