FILE – An electric vehicle is plugged into a charger in Los Angeles, Thursday, Aug. 25, 2022. Fewer new electric vehicles will qualify for a full $7,500 federal tax credit later this year, and many will get only half that under rules proposed Friday, March 30, 2023, by the U.S. Treasury Department. The rules are required under last year’s Inflation Reduction Act. (AP Photo/Jae C. Hong, File)

WASHINGTON (AP) — Fewer new electric vehicles will qualify for a full $7,500 federal tax credit under rules proposed by the Treasury Department. Many of those vehicles will get only half that amount. The rules proposed Friday are required under last year’s Inflation Reduction Act and likely will slow consumer acceptance of electric vehicles. The Biden administration concedes fewer electric vehicles will be eligible for tax credits in the short term but says eventually more EVs and parts will be manufactured in the U.S. Currently, 38 electric or plug-in hybrid passenger vehicles made in North America are eligible for the full tax credit. It’s unclear how many will get it under the rules taking effect April 18.