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You can get a $7,500 tax credit to buy an electric car, but it's really complicated

03:40
Electric vehicles are displayed at a news conference with White House Climate Adviser Gina McCarthy and Secretary of Transportation Pete Buttigieg in Washington, D.C., on April 22, 2021. The Biden administration's climate and health care bill passed by Congress last week revamps a tax credit for buyers of electric cars. (Getty Images)
Electric vehicles are displayed at a news conference with White House Climate Adviser Gina McCarthy and Secretary of Transportation Pete Buttigieg in Washington, D.C., on April 22, 2021. The Biden administration's climate and health care bill passed by Congress last week revamps a tax credit for buyers of electric cars. (Getty Images)

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