U.S. Treasury details EV tax credit rebate rules

U.S. Treasury details EV tax credit rebate rules

Friday, October 6, 2023

WASHINGTON, Oct 6 (Reuters) - The U.S. Treasury Department on Friday issued new guidance on how a $7,500 electric vehicle tax credit can be used as a point-of-sale rebate starting in January.

Currently, consumers can only take advantage of the $7,500 new EV credit or $4,000 used EV credit when they file their tax returns the following year.

Read more here