The IRS today announced new guidance on the EV tax credit, which means starting next year, low- and moderate-income buyers will receive the full $7,500 credit even if they don’t owe the full tax liability. will be able to receive it. The Inflation Control Act included major changes to the EV tax credit. Source: electrek.co
There are no easy answers. Regardless of tax credits, in some cases buying a car can be the financially smart option, but in other cases leasing may be preferable. To estimate whether leasing makes economic sense, we recommend calculating the total cost of the lease and comparing it to the cost of the lease. Source: www.consumerreports.org
If price is the only reason you’re on the fence about buying an electric car this summer, it’s time to think again. With smart planning, you can even get the government to pay for some of it in EV tax credits. X The federal government’s EV tax credit is just one factor driving this summer’s buying boom. Some cars and Read More