Electric vehicles come with many benefits. One of those benefits? Tax incentives. But purchasing a brand-new electric vehicle can be challenging for buyers. A combination of high sticker prices and scarcity makes it hard to make the dream of a battery-powered ride a reality.
Unless, that is, you consider purchasing a used electric vehicle.
Used electric vehicles are increasingly available on the marketplace—and they come with appealing tax incentives of their own. As part of the Inflation Reduction Act, tax incentives for electric vehicles are a driving factor for interested buyers. Potential credits can total up to $4,000 on vehicles with a sales price less than $25,000. But what does this mean for the everyday buyer?
Read Christopher Malikschmitt’s thoughts in this Bloomberg article on the benefits of buying a used electric car: The Only Electric Car Worth Buying Right Now Is Used