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IRS allows customers to claim $7,500 EV Tax Credit past today

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61 views 4 replies 3 participants last post by  World14  
#1 ·
#2 ·
It's not a loophole. It was the way the law was written. It was probably intentional to avoid mass confusion and problems at the dealers.

As a reminder, quite a few Republican* congressmen own car dealerships.

* Not being political here - the new law was written by Republicans and I'd bet the dealership owners had input.
 
#4 ·
Sells more clicks as a loophole. Fits with their “gummint is dum” agenda going back to when I was a kid (and based largely on not wanting speed limits or emissions rules).
 
#5 ·
The way I understand it, as long as customers, or even the automakers, give their lease companies a down payment on future EVs, then they can claim those tax credits on vehicles delivered by December 31st.
Just saw something where GM & Ford asked dealerships to do that.
About 8 paragraphs in: www.theautopian.com/how-ford-and-gm-are-buying-their-own-cars-to-save-you-money/
If you have Automotive News: www.autonews.com/general-motors/an-gm-ev-leasing-incentive-q4-2025-0929/