Why only 14 electric vehicles qualify for IRA tax credits

Effective today, only 14 electric cars and trucks will qualify for federal tax breaks up to $7,500, according to a new list put out by the Treasury Department on Monday. POLITICO’s Tanya Snyder breaks down why only 14 EVs qualify, which automakers benefitted from Treasury’s list, and if the White House expects more vehicles to qualify in the future. Plus, House Speaker Kevin McCarthy directly ties permitting reform to the congressional debt ceiling fight. Tanya Snyder covers transportation for POLITICO. Josh Siegel is an energy reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Raghu Manavalan is a senior editor for POLITICO audio. Jenny Ament is the executive producer of POLITICO’s audio department.