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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car. Watch out for car dealers who use phrases like ‘we guarantee you can get you the full $7500 tax credit.’

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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

Passage by the Senate is far from a certainty and will require all 50 yes votes including from conservative-leaning Democrat Senator Joe Manchin of West Virginia to the Independent Senator Bernie Sanders of Vermont. Download PDF version. Summaries of the Major Proposed Changes. Option to Convert the Tax Credit to a Time of Purchase Rebate.