Jeffrey Davis

Jeffrey Davis

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IRS Guidance on Electric Vehicles

IRS and Treasury today issued Revenue Procedure 2022-42, which includes procedures for manufacturers of electric vehicles...more

12/12/2022  /  Automotive Industry , Electric Vehicles , Internal Revenue Code (IRC) , IRS , Motor Vehicles , New Guidance , Tax Credits , U.S. Treasury

Tax Credits for Electric Vehicles: What’s Changed with the US IRA?

President Biden signed the Inflation Reduction Act of 2022 (the “IRA”) into law on August 16, 2022. Among other things, the IRA expands the federal income tax credits available to promote the development and use of renewable...more

9/9/2022  /  Biden Administration , Climate Action Plan , Electric Vehicles , Inflation Reduction Act (IRA) , Internal Revenue Code (IRC) , IRS , Motor Vehicles , Renewable Energy , Tax Credits
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