Big rebates on electric vehicles went out the window on New Year’s Day

Iowans who bought electric vehicles last week may have qualified for a $7,500 federal tax credit, but that credit evaporated when 2024 arrived. The Inflation Reduction Act aims to shift battery production from China and incentivize production in the U.S., so cars with Chinese-made batteries aren’t eligible. Bruce Anderson, president of the Iowa Automobile Dealers […]

View Full Story



Local News