With the passage of Biden's game changing Inflation Reduction Act, this is expected to charge up the electric vehicle sales in both the new and used car segments.
Up until recently, Tesla, Toyota and General Motors customers were no longer eligible for upwards of $7,500 in tax credits toward the purchase of a new vehicle. Being that those automakers were early adopters of the electric vehicle movement and met the government requirement of selling 200,000 cars, this placed both their customers and the automakers at a disadvantage.
