Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives
EV Adoption
NOVEMBER 26, 2021
If a buyer chooses to convert the tax credit, the auto “dealer” would make a “payment to such taxpayer (whether in cash or in the form of a partial payment or down payment for the purchase of such vehicle) in an amount equal to the credit otherwise allowable to such taxpayer.” Effective Date: Jan 1, 2022.
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