Friday, April 26, 2024

California may give EV buyers instant rebates

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If youre worried about the federal tax credit for electric car purchases phasing out, you may want to pay attention to what California is proposing. The state is concerned about demand for EVs declining as the tax incentives disappear. As a result, California is considering legislation that will give instant rebates to buyers of electric cars at the time of purchase.
A key component of this bill is that the rebate is instant, applied automatically when you purchase the vehicle…
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