The Biden administration’s effort to make new electric vehicles more appealing to the American public with $7,500 tax credits is becoming a big hassle for some buyers. The Internal Revenue Service has been rejecting the tax returns of some EV owners claiming the credit. However, they are also looking to help. Find out more at Headlight.News.
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.