The rules for how electric car buyers receive federal tax credits have changed.
But there are caveats that EV shoppers should be aware of, experts say.
Throughout 2023, car shoppers have been able to take advantage of revised EV tax credits incentivizing them to buy plug-in.
But instead of receiving a rebate, they'd lose whatever amount of the used EV tax credit they were owed, if they owed fewer taxes than that.
But shoppers should also beware that dealers could drive used EV prices up next year, given that the discount rules might incentivize shoppers to buy.
Persons:
—, you'd, Liz Najman, Akshay Honnatti
Organizations:
Service, EV you've, Dealers, IRS, Tesla, Shoppers
Locations:
EY Americas