Treasury lays out rules for instant EV rebate

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The proposed rule is aimed at “expanding consumer choices and helping car dealers expand their businesses,” Laurel Blatchford, Treasury’s chief implementation officer for the Inflation Reduction Act, said in a statement.

“President Biden’s Investing in America agenda is focused on lowering transportation costs for consumers and giving American car companies the tools to lead the market,” Blatchford said.

Details: Under current rules, EV buyers must pay the full…

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