Treasury says 7,400 dealers have signed up for electric vehicle tax credit

Source: The Hill

Treasury says 7,400 dealers have signed up for electric vehicle tax credit

BY ZACK BUDRYK - 12/29/23 4:52 PM ET

The Treasury Department estimates more than 7,000 auto dealers have registered to provide the new point-of-sale tax credit for purchase of an electric vehicle beginning Jan. 1.

In updated numbers, the department put the number of registered dealers at 7,400 nationwide, up from an estimate of 7,000 last week. The Treasury Department said Rivian and Stellantis have submitted eligible vehicle identification numbers (VINs) as of Friday.

The Treasury Department told reporters later Friday evening that Ford and Tesla have also submitted eligible VINs.

While the department expects more automakers to submit VINs in the weeks ahead, “VINs not yet provided by manufacturers and available in IRS Energy Credits Online are not eligible vehicles as of January 1, 2024.”

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Read more: https://thehill.com/policy/energy-environment/4382067-treasury-says-7400-dealers-have-signed-up-for-electric-vehicle-tax-credit/