Tag: pointofsale
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$580 million in point-of-sale EV tax rebates already issued by U.S. this year
WASHINGTON — The U.S. government has reimbursed auto dealers for more than $580 million in advance point-of-sale consumer electric vehicle (EV) tax credit payments since Jan. 1, the Treasury said on Friday. Prior to 2024, U.S. auto buyers could only take advantage of the new EV credit of up to $7,500 or the $4,000 used…