info@evworld.com


Automakers Are Using A Legal Loophole To Get Customers An Extra $7,500 Tax Credit - And Business Is Booming

09 Mar 2023 | Abstracted from Business Insider

"An automaker or its in-house finance arm can tap into the available commercial EV credit by leasing electric cars (that otherwise wouldn't qualify) to customers. This credit...goes to the company that owns the vehicle.

"Startup Lucid, along with at least 10 'traditional' automakers, are leveraging the commercial credit...[brands] utilizing the commercial credit are largely non-domestic and would likely have a harder time qualifying for the new EV purchase credit stipulations..."



PREVIOUS NEXT

    ADDITIONAL RELATED NEWS LINKS

    RSStream

  • Rivian Going After Ford, Toyota, Jeep, Audi, And BMW Drivers With New Discounts[71567]
    Category:finance
    Region:NoAmerica
    Date:25 Apr 2024

  • Rivian Faces Class Action Lawsuit From Angry Investors[71566]
    Category:finance
    Region:NoAmerica
    Date:25 Apr 2024

  • Rivian offers 'Electric Upgrade' discounts of up to $5k with combustion trade-ins[71565]
    Category:finance
    Region:NoAmerica
    Date:25 Apr 2024

  • Here's Why Rivian Electric Pickup Trucks Are Going Underground[71564]
    Category:mobility
    Region:NoAmerica
    Date:25 Apr 2024

  • Buy Rivian Stock Ahead of the Squeeze? Not So Fast[71563]
    Category:finance
    Region:NoAmerica
    Date:25 Apr 2024

  • Lucid Group (NASDAQ:LCID) Given Neutral Rating at Citigroup [71562]
    Category:finance
    Region:NoAmerica
    Date:25 Apr 2024

  • Lucid Air Sapphire Overtakes Tesla Model S Plaid As The Fastest Stock EV Sedan[71561]
    Category:mobility
    Region:NoAmerica
    Date:25 Apr 2024

  • Lucid (LCID) to Report Q2 Earnings: Here's What to Expect[71560]
    Category:finance
    Region:NoAmerica
    Date:25 Apr 2024

  • Is It Too Late to Buy Lucid Stock?[71559]
    Category:finance
    Region:NoAmerica
    Date:25 Apr 2024

  • Test-Driving The 2024 Lucid Air Pure RWD, Priced Below Tesla Model S[71558]
    Category:review
    Region:NoAmerica
    Date:25 Apr 2024


  • 2264223

    Get In Touch

    Papillion, Nebraska, USA

    info@evworld.com

    SUPPORT EVWORLD

    Become a patron and help spread the good news of the world of electric vehicles.

    Newsletter

    Not yet ready for primetime.

    © EVWORLD.COM. All Rights Reserved. Design by HTML Codex