Ambitious Green Energy Rules Create Confusion

The Inflation Reduction Act set rules to accelerate adoption of electric vehicles but made purchasing an EV more complicated.
Restrictions on the federal tax credit have limited options and increased prices for consumers wanting to buy electric cars.
Automakers are now promoting leased EVs as an alternative since commercial leases remain eligible for the full tax credit.
The new rules limit the number of EVs that qualify for the maximum $7,500 tax credit to just 11 models from 4 automakers.
Several other EVs only qualify for a partial $3,750 tax credit further complicating the process for those wanting affordable green vehicle options.