EV Tax Credit Changes in 2024! What You Need to Know About IRS Updates |
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From January 2024, a long-awaited change to EV tax incentives will become a reality, making electric cars more affordable and accessible.
An element of the 2022 Inflation Reduction Act means that EV buyers will be able to transfer their tax credit to the dealership they buy from, switching the credit from an incentive that only some buyers can access, depending on their tax burden, to a point-of-sale discount that everyone below the specified income caps can take advantage of. IRS Changes Announcement: https://home.treasury.gov/news/press-releases/jy1868 Online Portal Registration for Dealers: https://www.irs.gov/credits-deductions/register-your-dealership-to-enable-credits-for-clean-vehicle-buyers Use these resources to find out which EV tax credits you qualify for and use our calculator to see how much you could save: https://www.findthebestcarprice.com/ev-tax-credit/ Watch our "Understanding EVs" course to learn more about electric vehicles and find out if an EV is right for you: https://www.youtube.com/playlist?list=PLEzuf0bSROyE_DaUrlUfp_tLFbR88Hhv7 #EVnews #EVtaxcredit |