Tesla, Ford and GM win in EV tax credit change

A few more electric vehicle models now qualify for the federal EV tax credit, including GM’s Cadillac Lyric, the Ford Mustang Mach E and Tesla’s five-seater Model Y thanks to a change by the U.S. Treasury.
The U.S. Treasury Department updated Friday the vehicle classification standard, revising a definition that determines which EVs are eligible for clean vehicle tax credits available under the Inflation Reduction Act. The change, which automakers had lobbied the Biden Administration for, comes down to one question: what makes a vehicle a sedan, SUV, crossover, or wagon?
That class

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