Consumer savings from the Inflation Reduction Act’s electric vehicle tax credit have reached $1 billion since the credit took effect Jan. 1, the Biden administration announced. In a call with reporters, officials with the Treasury Department said more than 150,000 emissions-free vehicles have been sold this year, from which they projected an average consumer savings of $1,750 a year on maintenance and fuel costs. This comes to about $262 million a year in savings when applied to the 150,000 sales. Over the 15-year average life of the vehicles, the Treasury’s Office of Economic Policy projected that EV owners would save between $18,000 and $24,000 compared to if they had bought a ga
Hence then, the article about treasury says ev tax credit has saved consumers 1 billion was published today ( ) and is available onThe Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Treasury says EV tax credit has saved consumers $1 billion )