The Inflation Reduction Act of 2022 changed the rules for electric vehicles. Most of the changes apply starting in 2023. However, at least a new requirement became effective on August 16, 2022, the date the Act was signed into law. It says that a vehicle qualifies for the credit only if the final assembly of it occurs in North America (the “final assembly requirement”). The IRS has provided guidance on EVs bought in 2022:
The Department of Energy has a list of Model Year 2022 and early Model Year 2023 vehicles at https://afdc.energy.gov/laws/inflation-reduction-act that meet the final assembly requirement. The National Highway Traffic Safety Administration has a VIN Decoder at https://www.nhtsa.gov/vin-decoder, which can be used to verify whether a particular EV meets the final assembly requirement.
Gross income less allowable adjustments, such as IRA, alimony, and Keogh deductions. AGI determines whether various tax benefits are phased out, such as personal exemptions, itemized deductions, and the rental loss allowance and modified adjusted gross income (MAGI).