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#TaxCredit

US Issues $135 Million in Advance EV Tax Rebates Since Jan 1

The U.S. government has reimbursed auto dealers for about $135 million in advance point-of-sale consumer electric vehicle tax credit payments since the start of the year through Feb. 6, the Treasury said on Wednesday. Prior to 2024, U.S. auto buyers…

Many Americans Will Qualify For A 2023 Tax Credit Of Up To $7,500 For Buying an EV

From January 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part of changes enacted in the Inflation Reduction Act, is designed to spur EV sales and reduce greenhouse…