Bidenโ€™s โ€˜Inflation Reduction Actโ€™ Gives Electric Vehicle Buyers $7500 Tax Credit โ€“ Ford Raises Prices by $8500

As President Joe Biden signed the Democratsโ€™ โ€œInflation Reduction Act,โ€ which pledges up to $7500 in tax credit for new electric vehicle buyers, Ford raised the price of its electric vehicles by up to $8500, according to reports.