The IRS has taken the unusual step of reopening its portal for auto dealers to submit time of sale reports for EVs sold last ...

The EV tax credit saw a major revamp in 2024, which enabled some buyers to benefit at the point of sale. But some tax ...

The IRS has taken the unusual step of reopening its portal for auto dealers to submit time of sale reports for EVs sold last ...

"Not for tax law. It doesn't work," Mader said. The credits can be up to $7,500 for eligible new EVs and up to $4,000 for eligible used electric vehicles. For vehicles placed in service April 18 ...

The credits can be up to $7,500 for eligible new EVs and up to $4,000 for eligible used electric vehicles. For vehicles placed in service April 18, 2023, and after, for example, you'd receive up ...

The EV tax credit was overhauled in 2022 with new rules for buyer eligibility as well as battery sourcing. The complex battery requirements — aimed to lessen dependence on foreign sourcing of ...

Burns went to AutoNation, where he purchased the vehicle, and learned the dealership hadn’t submitted a clean vehicle seller ...

However, there are fewer EV vehicles eligible for these benefits since battery sourcing requirements went into effect. On top of that, EV credits are likely to be repealed under the Trump ...