Why Some Electric Vehicle Buyers Aren't Getting The Expected Federal Tax Credit

(MENAFN- Investor Brand Network) Last year, the U.S. amended its federal EV tax credit system to make it so that drivers could access the tax credit at the point of sale instead of paying full price and waiting months for the tax credit to kick in. However, while this change was praised for making the federal EV incentive much more accessible to buyers, it may have made it difficult for some buyers to have their EV purchase subsidized.

This hiccup is likely to draw the attention of EV makers like Lucid Motors (NASDAQ: LCID) that see the federal tax credit as a way to...

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