Eligible buyers, including those that bought an EV or hybrid this year, have had to wait until they filed their federal income tax returns to actually get the benefits.
The Treasury Department says the near-instant credits of $7,500 for an eligible new vehicle and $4,000 for a qualifying used vehicle should lower purchasing costs for consumers and help car dealers by boosting EV sales.
Under the Inflation Reduction Act, which included the credits, buyers can transfer the credits to dealers, which can apply them at the point of sale starting Jan. 1.
Plus, the government says people can get the full credits from dealers regardless of how much they owe in federal taxes.
The vehicles have to qualify under guidelines spelled out in the law, and buyers' incomes have to fall below limits.
Bu hikaye Techlife News dergisinin October 14, 2023 sayısından alınmıştır.
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Bu hikaye Techlife News dergisinin October 14, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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