Waev Sues IRS Over Rule Exclusion From Clean Vehicle Tax Credit

Electric vehicle maker Waev Inc. on Wednesday sued the US Department of the Treasury and the IRS for creating a final rule that excluded the company’s low-speed GEM line of electric cars from the Inflation Reduction Act’s EV tax credit program.

The Anaheim, Calif.-based Waev said the final rule created by those agencies’ establishing that clean vehicles with a maximum speed of 25 miles per hour or less don’t qualify for the credit violates the Administrative Procedure Act because because the rule is arbitrary and capricious.

“This determination is contrary to the applicable statutory definition of ‘motor vehicle,’ which contains …

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