NORTHAMPTON, MA / ACCESSWIRE / January 13, 2023 / One of the provisions of the Inflation Reduction Act that was just signed into law by President Biden is a $4,000 credit for buyers of pre-owned electric vehicles.
If that sounds familiar to Southern California Edison customers or employees, it should. The idea for the federal tax credit was inspired by SCE's Pre-Owned EV Rebate Program launched last year.
"We are honored that legislators chose to build off our idea of offering a credit for pre-owned EVs," said Caroline Choi, senior vice president of Corporate Affairs for Edison International and SCE. "At SCE, our focus is on making sure that all of our customers benefit as we move toward a clean energy economy, and it's thrilling to realize our effort is having an impact across the entire nation."