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Tag: Inflation Reduction Act

It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse. By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse. By the end of the year,...

Almost All EV Buyers Pick Cash Upfront Instead of Delayed Tax Break

The Inflation Reduction Act provides a tax credit of up to $7,500 for electric vehicles, which buyers can now opt to receive as an upfront discount. About 90% of eligible buyers have chosen this option, making it popular. Advance payments allow consumers to get the full credit regardless of their tax liability, which helps with affordability and reduces overall costs. However, not all car dealers offer this option, and not all EVs or buyers qualify for the tax break.

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