Auto industry warns of billion-rupee revenue loss if Range-Extended Electric Vehicles are reclassified as pure EVs.

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 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 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 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 ...

Medium and heavy-duty truck owners in Oregon looking to go electric can now apply for a state rebate to help lower those ...

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, ...