The federal EV tax credit will shift to a point-of-sale dealership rebate in 2024, giving customers instant access to the credit, the U.S. Treasury Department confirmed Friday in a press release. Under current rules, buyers can't claim the credit of up to $7,500 for new vehicles and $4,000 for used vehicles until they file their taxes. Effective... EV tax credit becomes instant dealership rebate in 2024: Here’s how
The federal EV tax credit will shift to a point-of-sale dealership rebate in 2024, giving customers instant access to the credit, the U.S. Treasury Department confirmed Friday in a press release. Under current rules, buyers can't claim the credit of up to $7,500 for new vehicles and $4,000 for used vehicles until they file their taxes. Effective...