Yahoo Finance autos correspondent Pras Subramanian details which electric vehicles currently on the market may or may not qualify for the Inflation Reduction Act's EV tax credit.
Yahoo Finance's Pras Subramanian joins the Live show to discuss the EV tax credit and why some car models won't qualify.
Shares of General Motors (NYSE: GM) jumped as much as 6% Monday after the Senate passed the Inflation Reduction Act Sunday, which has some major climate change provisions to help electric vehicle (EV) sales. GM stock was still up 4.7% as of 3:32 p.m. ET. The new legislation passed by the Senate this weekend is now likely to be approved by the House of Representatives and signed into law by President Joe Biden.