WASHINGTON — The U.S. Treasury Department on Friday said it has modified how it is classifying vehicles that are subject to price caps in the Inflation Reduction Act's tax credit for consumers buying ...

The saga of the federal electric vehicle tax credit overhaul continues as the Treasury Department announced today that the classification system used to determine if a vehicle qualifies for a credit ...

Consumers and automakers have succeeded in convincing the U.S. Treasury Department to reassess how it classifies electric vehicles for the purposes of applying tax credits. That means, for example, ...

The IRS said Friday in Notice 2023-16 that it will change the vehicle classification standard used to determine whether a vehicle is a van, SUV, pickup truck, or other vehicle for purposes of the ...

From mopeds and motorcycles to trikes and quadricycles, here’s what the EU’s L-category vehicle rules really mean – and why ...

The Cadillac Lyriq luxury EV crossover now qualifies for a federal clean vehicle tax credit following updated vehicle classification standards from the U.S. Treasury Department. The U.S. Treasury ...

The Treasury vehicle classification related to IRA tax credits has confused many people, considering the arbitrary rules used to divide vehicles into classes. Thankfully, the auto industry and ...