As part of President Joe Biden's Inflation Reduction Act (IRA), Congress authorized tax credits on electric vehicles (E.V.s). Starting January 1, motorists wanting to buy a brand-new E.V. could qualify for up to $7,500 toward their purchase without worrying about factors like whether the manufacturer had already qualified for too many credits.
This week, Biden tweeted a picture to tout the program, grinning from the driver's seat of a GMC Hummer EV:
