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Tax credit

U.S. Treasury details EV tax credit rebate rules

by Adesola Mojo
U.S. Treasury details EV tax credit rebate rules

WASHINGTON, – The U.S. Treasury Department on Friday issued new guidance on how a $7,500 electric vehicle tax credit can be used as a point-of-sale rebate starting in January. Currently, …

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Categories Automobile

Dealers Are Freaking Out About Buyers Using The EV Tax Credit As A Down Payment

by Adesola Mojo
Dealers Are Freaking Out About Buyers Using The EV Tax Credit As A Down Payment

Dealers are starting to sweat. Starting next year buyers will be able to apply the EV Tax credit directly to the sale price of an EV. But as Automotive News …

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Categories Automobile

CA To End Clean Vehicle Rebate To Focus On Low Income Drivers

by Adesola Mojo
CA To End Clean Vehicle Rebate To Focus On Low Income Drivers

One of California’s programs designed to get buyers into EVs is ending. Southern California’s The Daily Bulletin reports that the long-running Clean Vehicle Rebate Project is ending when it runs …

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Categories Automobile

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