To transfer the Electric Vehicle (EV) tax credit, also known as the clean vehicle tax credit, you cannot transfer it to any dealer. The credit can only be transferred to registered dealers who are eligible to receive advance payments for these credits. Starting in 2024, eligible buyers can elect to transfer the new and previously-owned clean vehicle tax credits to these registered dealers, typically in exchange for a lower purchase price.
Buyers must also comply with certain requirements when transferring the credit, such as providing necessary documentation to the dealer and filing Form 8936 with their tax return. Therefore, the transfer process is limited to dealers specifically registered for this purpose.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/can-i-transfer-the-ev-tax-credit-to-any-dealer-or-do-they-need-to-be-registered/
