Auto Execs Are Coming Clean, EVs Are Just Not Working...That's completely wrong and misleading. You can get the up front credit but you still have to qualify for the full rebate at tax time or you have to pay it back.
e.g. You take the full $7500 credit at purchase time but the following April you only owe $4000 in tax. Your tax bill for that year goes to 0 but you must repay $3500. And you can't carry over the $3500 to the following year.Tue, 07 Nov 2023 00:09:57 +0000
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