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 ...

Previously, certain versions of Tesla’s crossover SUV, as well as several other EVs, were being classified as sedans and therefore weren’t eligible for the $7,500 credit. But now the Treasury is ...

“Driver Classification Systems And Methods For Obtaining An Insurance Rate For A Vehicle” in Patent Application Approval Process (USPTO 20230061846): Toyota Motor Engineering & Manufacturing North ...

The US Treasury Department announced today it revised its vehicle classification definitions, which means more EV models will become eligible for up to $7,500 tax credits. We previously reported how ...

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 ...

Sign up to receive important email messages about the Imagine RIT Festival this year, and future years, too (save-the-date announcement, event announcements, and post ...

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 ...

In January, we shared a 2023 IRS Guide to the $7500 Clean Vehicle Tax Credit, noting that changes were expected. This post reflects the latest changes made on February 3, 2023 with additional guidance ...

The Treasury Department said Friday it is making more electric vehicles — including SUVs made by Tesla, Ford and General Motors — eligible for tax credits of up to $7,500 under new vehicle ...

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 ...