As of now, specific EV manufacturers that are known for passing on the tax credit to buyers are not explicitly listed in the information provided. However, starting January 1, 2024, dealers who register and qualify with the IRS can transfer the federal EV tax credit to buyers, reducing the purchase price of eligible vehicles by up to $7,500. This means that any qualified dealer, regardless of the specific EV manufacturer, can offer this incentive to buyers.
For buyers to benefit from this point-of-sale credit transfer, they must purchase from registered dealers who have submitted the necessary information to the IRS through IRS Energy Credits Online. Therefore, it is more about the dealer’s participation in the program rather than the EV manufacturer’s policy on passing on the tax credit. Dealers must be approved by the IRS to facilitate this benefit.
Here is a summary of what is known:
- Eligible Vehicles: New clean vehicles, including plug-in electric and fuel cell electric vehicles, qualify for the tax credit.
- Dealer Participation: Dealers must register with the IRS and meet specific requirements to offer the tax credit at the point of sale.
- Income Limits and Other Requirements: Buyers must meet income limits and other criteria to be eligible for the tax credit.
While specific manufacturers are not highlighted, it’s essential for buyers to identify which dealers are participating in this program to benefit from the point-of-sale credit transfer.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/which-ev-manufacturers-are-known-for-passing-on-the-tax-credit-to-buyers/
