Tax credits are good, but on-the-spot tax credits are really killing it
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The new year rolled out a new plan where EV shoppers could get on-the-spot tax rebates when purchasing a new electric vehicle, with auto dealers then handling the paperwork and waiting to get reimbursed by the government. The US government says it has already paid out $135 million to auto dealers that signed up for the program so far this year.
Prior to this year, EV buyers could only take advantage of the $7,500 new EV tax credit (or $4,000 on used EVs) when…