When Congress rewrote the system governing federal tax credits for electric vehicle purchases, they made a change few noticed at the time that will alter how many Americans car shop in 2024.
Starting in January, you can negotiate for many new electric cars with the knowledge that Uncle Sam will provide a down payment on your new purchase. You’ll be able to assign the federal tax credit on purchases to the dealership. It allows the dealer to provide you with an instant credit on the purchase price of the vehicle, generally in the form of a down payment.
