VinFast says pre-orders “will get a $7,500 rebate,” federal tax credit or not

We wrote that the Vietnamese EV car company Vinfast is bringing its EV companies to the US. Since then, congress announced it is making changes to the $7,500 federal electric vehicle tax credit, meaning that it becomes much harder to get that sweet, sweet tax deduction. The two major changes are that the tax credit will becomes means-tested (i.e. if your household makes more than a certain amount, you don’t qualify) and sticker-price limited (cars over $40k and SUVs and trucks with a slightly higher limit). That’s pretty dramatic – up to 70% of today’s electric vehicles

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