US issues advance EV tax rebates to auto dealers for over $580 million
WASHINGTON, D.C.: On April 12, The U.S. Treasury said that auto dealers received advance reimbursements worth more than US$580 million in point-of-sale consumer electric vehicle (EV) tax credit payments since January 1.
Before 2024, American auto buyers were only eligible for EV credits worth up to $7,500 for new cars or $4,000 for used ones when they filed tax returns the following year.
The Treasury add