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 Jan. 1, 2024, EV buyers will be able to claim their credit at the dealership, a change being implemented as part of the revamping of…
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