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EVs and batteries

You Now Can Apply Federal EV Tax Credits as Downpayment

You Now Can Apply Federal EV Tax Credits as Downpayment

One of the benefits of buying an EV is the potential to earn state and federal incentives — including up to $7,500 in tax credits from the IRS. On the down side, the Inflation Reduction Act reduced the number of models qualifying for the federal giveback — but new guidelines mean that, if your EV does qualify, you now get your rebate instantly, rather than waiting until you file your annual taxes.