evs explained

Section 30D Tax Credit: Myth‑Busting the New $3,750 + $3,750 Incentive

The Section 30D tax credit now provides two $3,750 incentives instead of a single $7,500 credit. The Inflation Reduction Act of 2022 split the original credit to reward both vehicle purchase and qualifying battery components, a move designed to accelerate domestic EV production. Homeowners who understand the new