EV Tax Credit

Launching the 2024 Lineup: Automobiles Eligible for the Full EV Tax Credit

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New Rules, New Challenges: Understanding the Adjustments to the EV Tax Credit Program Navigating Complexity: Key Considerations for Consumers Amidst EV Tax Credit Changes According to Slash Gear, the government’s EV tax credit program has undergone significant adjustments, which will take effect on January 1st, 2024, to encourage the switch to electric vehicles. Though intended … Read more

Dealers Gain Exemption from IRS Buyer Income Verification for $7,500 EV Tax Credit

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According to IRS changes, buyers of certain electric vehicle (EV) models can now claim the $3,750 or $7,500 tax credit at the time of sale. Buyers previously had to wait until tax filing to receive the credit, which reduced their tax payment by up to $7,500. Under the new method, the discount is added to … Read more