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More Than 7,000 Dealers Registered To Offer Point-Of-Sale EV Tax Credits Next Year

26 Dec 2023 | Abstracted from AIADA

NADA says the 7,000 figure does not reflect the number of dealerships that are covered by the IRS registrations.

"The credit transfer is allowed under the IRA’s Section 30D credit for new EV purchases and Section 25E credit for used EVs, providing consumers with up to $7,500 for new vehicles and $4,000 for used vehicles..."

"The shift away from cars with dirty combustion engines is running into a new hurdle: Drivers don't want to buy used electric vehicles, and that's undermining the market for new ones, too."



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