Contact: Noah Barnes, Electrification Coalition
noah@electrification.org, (202) 461-2371
WASHINGTON—Today, the Treasury Department issued guidelines for how consumers can take advantage of the federal EV tax credit as an instant rebate at the dealership rather than receiving it as a credit when they file their taxes the following year. Consumers should continue checking fueleconomy.gov to see which vehicles are eligible for the credit.
Electrification Coalition Executive Director Ben Prochazka responded:
“We still have an incredibly long way to go to electrify vehicles and end our nation’s dependence on oil for transportation. The federal EV tax credit provides an incentive for consumers and is critical to meeting our goals to reshore jobs building batteries and vehicles, thereby maintaining American leadership in automotive manufacturing.
“Today’s announcement will make the federal EV tax credit faster, easier, and more equitable by allowing consumers to apply the credit directly at the dealership. For the average American, an EV can be up to $7,500 cheaper the day you purchase the vehicle. This means no longer having to wait until you file your taxes to see the benefit. This announcement will make EVs more affordable as we scale manufacturing and reduce the burdens of oil’s monopoly on our transportation systems.”
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About the Electrification Coalition: The Electrification Coalition is a nonpartisan, nonprofit organization that promotes policies and actions to facilitate the widespread adoption of plug-in electric vehicles (EVs) on a mass scale to overcome the economic, public health and national security challenges that stem from America’s dependence on oil. electrificationcoalition.org