US Treasury Lays Out Rules For Instant EV Rebate

12 Oct 2023 | Abstracted from EE News

"The new guidance lays out how dealers can effectively reduce the price for an EV for consumers by as much as $7,500 at the time of the purchase, rather than requiring the buyers to wait until they file their annual federal taxes to claim the credit."

"...EV buyers...Overwhelmingly preferred a point-of-sale rebate to a tax credit...With the EV tax credit, Treasury said it expects to refund dealers within 72 hours if sale."

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