New rules may make it easier to knock up to $7,500 off the price off an EV

One big change is that you’ll qualify for the credit upfront when you buy a car at a dealership, rather than claiming it as part of your tax return — that means you won’t have to potentially wait months to get your money back. The other significant change is that all eligible buyers get the full tax break, even if they don’t owe federal taxes. Currently, tax filers receive only as much of the credit as they owe in taxes. https://www.cnbc.com/2023/10/14/new-rules-may-make-it-easier-to-knock-7500-dollars-off-the-price-of-an-ev.html

New rules may make it easier to knock up to $7,500 off the price off an EV—here’s how to qualify

CNBC