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The Independent UK
The Independent UK
National
Hope Yen and Tom Krisher

Rule delay makes big EV tax credit possible early next year

Copyright 2022 The Associated Press. All rights reserved.

People who want to buy an electric vehicle could get a bigger-than-expected tax credit come Jan. 1 because of a delay by the Treasury Department in drawing up rules for the tax breaks.

The department said late Monday it won't finish the rules that govern where battery minerals and parts have to be sourced until sometime in March.

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