In Focus: Updated Tax Credits for Electric Vehicles

Nafisa Lohawala

Date

Jan. 17, 2023

Guest

Nafisa Lohawala

Producers

Annie M. Tastet and Matt Fleck

Image

moreimages / Shutterstock

The Inflation Reduction Act, passed in the summer of 2022, includes updated tax credits for electric vehicles (EVs). On January 1, 2023, the tax credits for used and commercial EVs went into effect. Nafisa Lohawala, a fellow at Resources for the Future, examines what’s new about the EV tax credits in the Inflation Reduction Act and how the updates to the credits might affect the US market for EVs in the near and long term. Read more about the electrification of the transportation sector in a report coauthored by Lohawala.

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