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Beginning January 1, 2024, the $7,500 EV tax credit can be taken at the point of sale, meaning you can use it as a downpayment or to lower your monthly payments
by Zanni 3y ago
Beginning January 1, 2024, the $7,500 EV tax credit can be taken at the point of sale, meaning you can use it as a downpayment or to lower your monthly payments. That's a huge incentive to delay purchasing until January, and, I think, one of the unacknowledged drivers of the 4th quarter "slow down."
https://www.nerdwallet.com/article/taxes/ev-tax-credit-electric-vehicle-tax-credit#2024-ev-tax-credit-flexibility https://www.nerdwallet.com/article/taxes/ev-tax-credit-elect...