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IRS instant tax credit for EVs, PHEVs, e.t.c.
Source: IRS Press Release:
WASHINGTON – As part of Bidenomics and the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) today released guidance that will lower costs for consumers and help car dealers grow their businesses by increasing access to Inflation Reduction Act credits at point of sale for new and previously owned clean vehicles. Researchers have found that consumers overwhelmingly prefer an immediate rebate at point of sale.
Under the Inflation Reduction Act, consumers can choose to transfer their new clean vehicle credit of up to $7,500 and their previously owned clean vehicle credit of up to $4,000 to a car dealer starting January 1, 2024. This will effectively lower the vehicle’s purchase price by providing... -
Motor Trend
Received my copy today. 4 articles, all negative charging experience slanted. One Editor's Letter, one Rivian, two different Fort Lightening models. Of course dumb driver or deliberate run out of battery and few and non-functioning chargers involved. Not to overlook the driver pulling and breaking a cord designed to open a fueling access flap in case of battery incapable.
And I didn't even count the story involving a race pit stop fiasco involving a wining Ferrari LeMans hybrid.
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