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Upcoming Changes to the Clean Vehicle Tax Credit Explained

Blink Charging

Now consumers will be able to transfer their tax credit directly to the dealer at the point of sale. This simplifies the process, benefiting both consumers and the dealerships, but it also requires dealers to register on an IRS portal. These changes make it easier for drivers to access tax credits when purchasing clean vehicles.

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Greaves Cotton’s e-mobility business skids on FAME-II subsidy withdrawal | Autocar Professional

Baua Electric

The guidelines permitted incentives for manufacturing electric vehicles using components made in India. Hero Electric, Okinawa Autotech, Benling India, Revolt Intellicorp, Amo Mobility, and Lohia Auto were the other companies which were asked to refund the subsidy.

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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

The dealership then submits “time of sale” paperwork to the IRS, and the IRS reimburses the dealer the credit amount. These new guidelines simplify the process for drivers, providing an immediate financial incentive at the point of sale and making dealers, not individuals, collect the tax credit from the IRS. One low payment.

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GM's New Plan: Fewer Jobs, More Chevy Volt - Environmental Capital - WSJ

Tony Karrer Delicious EVdriven

Those areas include quicker and deeper cuts of the workforce, dealer network, and the number of brands; restructuring GMs balance sheet to lighten its debt load; and keeping development of our mainstream alternative technology vehicles on track, including the much-anticipated Chevrolet Volt. Please comply with our guidelines.

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