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IRS Payout Freeze Sparks Dealer Panic As EV Credit Program Ends
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IRS Payout Freeze Sparks Dealer Panic As EV Credit Program Ends
Dealerships usually wait only a few days for the IRS to repay EV tax credits. As the federal EV tax credit ends, wait times have stretched into weeks. The White House says all eligible dealer-paid credits will be reimbursed. This week marks the end of the federal EV tax credit. The shift is expected to ripple through buyers’ wallets and dealership balance sheets alike. Yet for many dealers, the financial squeeze started weeks earlier, thanks to …
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