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Kamala Harris and Gina McCarthy: Views From The Inside

Climate One

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The Inflation Reduction Act and Tax Credits

I'm very excited about the tax credits. We're now giving tax credits because of the Inflation Reduction Act at point of sale. And so that's important because for most people to try and fill out a tax form and figure out which credits you can apply for, it's complicated. The other piece of the credit is that for the first time, it doesn't exist at point of sales, but it applies to used vehicles as well as new vehicles. I think something like 75% of car sales in America are for used vehicles.

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