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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. You should consult your own tax, legal and accounting advisors before engaging in any transaction. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car.

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ICCT study finds state EV incentives playing a significant role in driving sales

Green Car Congress

On the other hand, Mississippi, Oklahoma, North Dakota, and Wyoming are examples of states offering nearly no benefits to electric vehicle owners, and have nearly no EV sales. While the federal tax credit of $7,500 per vehicle may be thought to be the major factor in consumer decision making in the U.S., —Jin et al.

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