Connect with us

Hi, what are you looking for?

Gain That FlavourGain That Flavour

Tech News

Carvana will apply a clean vehicle tax credit at checkout for used EVs

Grid of six EVs and hybrids on Carvana’s site.
There are some good EVs and hybrids that are eligible for the incentive. | Screenshot: Umar Shakir / The Verge

Carvana is now offering discounts of up to $4,000 at checkout for eligible used EVs and plug-in hybrids. The discount is essentially an advancement of the federal tax incentive for previously owned vehicles, but it lets customers reap the benefit immediately rather than waiting for tax refunds the following year.

You will still need to file your taxes correctly using IRS Form 8936, and you have to agree to transfer the credit to Carvana once you do file. So, while it’s not making tax season any easier, Carvana is offering a lower cost of entry to buy an electric vehicle, which could help push customers interested in EVs to take the leap.

You can now take advantage of the offer on Carvana’s app or website by searching for EVs or plug-in…

Continue reading…

You May Also Like

Politics

The threats from the Chinese Communist Party continue to grow. From the market manipulation that is hurting American industry, to the fentanyl crisis ravaging...

Editor's Pick

Colleen Hroncich When her husband suggested she create a “pod school,” longtime teacher Becky McNichols was initially dismissive. “I don’t even know what that...

Politics

Editor’s note: This is the sixth in a series of profiles of potential running mates for presidential candidate Donald Trump on the 2024 Republican...

Tech News

With Apple Intelligence features coming to older MacBooks, you shouldn’t feel the need to wait for Apple’s M4 chips. | Photo by Chris Welch...