Used EVs Now Eligible for $4,000 Tax Credit

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The federal government has recently made it possible to receive up to $4,000 in tax credits for purchasing an electric vehicle that was previously owned by someone else. In this episode, we’ll discuss what you need to know about this new incentive and how your purchase can qualify.

…So this is huge news to be on the lookout for if you're in the used electric vehicle market whether you're a buyer or seller or dealer event. There's a new law being proposed that will extend. The tax credits for electric vehicles…into the used car market. Right now there's a $7,500. Tax credit for new electric vehicles. And that's helped. EV sales for new cars quite a bit…Getting adoption of used electric vehicles is the next priority. For manufacturers for government agencies. So what they're proposing is to add a $4,000…tax incentive for used electric vehicles. It's going to be a big deal. If passed which it looks like it will be. Buyers of certain almost all electric vehicles that are in the used car market We'll be able to get a four thousand dollar credit. For that purchase. There'll be some limitations some higher end vehicles I may not qualify. Vehicles over a certain dollar amount. Will not qualify. But keep an eye on this site As soon as this is past And as soon as it's available, we will put the application forms for this tax credit on the website where you can download them print them out, send them in or even electronic submission to get your tax credit So be on the lookout If you're in the market for a used electric vehicle, this is coming. all intentions look like this Law's going to be passed and it'll be available for free money from the government for buying a used electric vehicle.

Used EVs Now Eligible for $4,000 Tax Credit
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