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Biden administration outlines rules for instant EV rebates to boost sales

By Eden Villalovas
Published October 6, 2023 2:11pm ET
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Biden administration outlines rules for instant EV rebates to boost sales
Electric cars can both make the power grid more resilient and vulnerable, experts say. | (Qilai Shen/Bloomberg)

The United States Treasury Department released new proposed guidance on Friday for electric vehicle tax credits that will put money back in buyers’ pockets instantly.

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Electric Vehicles Energy and Environment Tax Credits Treasury Department