Carvana To Automatically Apply Clean Tax Credit While Buying Used EVs, Saving You Up To $4,000

Quick Summary:

What Happened: Instead of waiting for tax refunds, customers can now avail discount of up to $4,000 at the time of purchase of the vehicle and transfer the credit to Carvana once they file their taxes using IRS Form 8936, reported The Verge.

Online used car retailer Carvana (NYSE:CVNA) has reportedly introduced a new initiative that allows customers to avail of up to $4,000 discount at the time of purchase on used EVs and plug-in hybrids eligible for tax incentives.

Carvana will provide the necessary paperwork for the customer’s tax return and handle the submission to the IRS portal for vehicle ...

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United States

Topics: Tech Benzinga Carvana CVNA EVs Electric vehicles Mobility News Benzinga neuro

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 12:07:11 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 333 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21574557

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