Dealers fear Cash for Clunkers scenario as EV credit transfer nears

Dealers fear Cash for Clunkers scenario as EV credit transfer nears

Starting in 2024, eligible EV buyers will be able to transfer federal tax credits to dealers and use those funds as a down payment. Dealers, anxiously awaiting details on the process, are worried about a Cash for Clunkers scenario that could leave them footing the bill for several months.

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