Anyone who may have wondered about the potential success of offering EV buyers the option to get their tax credit at the time of sale, including using it as a down payment, can stop thinking about it — it’s working. The U.S. government’s paid out $135 million in electric vehicle tax credits in a little more than a month. Get details at Headlight.News.
Consumers and automakers alike are grappling with the sudden changes to EV prices occurring what seems to be weekly. Nissan is celebrating this week while Tesla has been offering up warnings. Find out why at Headlight.News.
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.