TECH - Carvana To Automatically Apply Clean Tax Credit While Buying Used EVs Saving You Up To $4000 | Benzinga
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.
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.
Carvana will provide the necessary paperwork for the customer’s tax return and handle the submission to the IRS portal for vehicle ...