Here’s How You Can Avail $7,500 Federal EV Credit Even After Trump’s September 30 Deadline

News Snapshot:

Prospective EV buyers in the U.S. can avail the $7,500 Federal Credit, even after the September 30 deadline issued by President Donald Trump, due to some modifications issued by the IRS. More Flexibility For EV Buyers The new guidelines issued by the IRS on Thursday highlight that customers can avail the incentive beyond September 30 if they acquire the vehicle by signing a binding purchase contract and issuing a payment. "A payment includes a nominal downpayment or a vehicle trade-in," the IRS said. Furthermore, the acquisition of a vehicle requires it to be "placed in service," which means, if the...