Cadillac Lyriq qualifies for $7,500 federal tax credit under US IRA
The EV model had lost the eligibility for federal tax credits after the US government released new FEOC requirements in December 2023
The Cadillac Lyriq, General Motors' (GM's) luxury-car brand’s first electric vehicle, has once again become eligible for the $7,500 federal government clean-vehicle tax incentive, according to a news report published by The Detroit News on Feb. 21.
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