MyNorthwest

News

Opinion

Sports

Tools

Connect

EXPLAINER: 2023 tax credits for EVs will boost their appeal

Steel, which began going up in November, continues Monday, Dec. 5, 2022, to form the first of two manufacturing plants as part of the BlueOval SK Battery Park in Glendale, Ky. Ford Motor Co. and South Korean partner SK On have shown off their progress in developing a battery production venture in Kentucky. They've laid the groundwork for what a Ford executive says is one of the “big bets” the automaker is making in its electric vehicle business. (Gina Clear/The News-Enterprise via AP)

An electric vehicle charges at an EVgo fast charging station in Detroit, Wednesday, Nov. 16, 2022. (AP Photo/Paul Sancya)

FILE - Tesla Supercharger is seen at Willow Festival shopping plaza parking lot in Northbrook, Ill., on May 5, 2022. New electric vehicle models from multiple automakers are starting to chip away at Tesla's dominance of the U.S. EV market, according to national vehicle registration data. (AP Photo/Nam Y. Huh, File)

EXPLAINER: 2023 tax credits for EVs will boost their appeal