The U.S. has issued more than $2 billion in point-of-sale tax credits to consumers for the purchase of over 300,000 clean vehicles since January 1 as part of its efforts to accelerate the clean energy transition.
The U.S. has seen a substantial surge in electric vehicle (EV) adoption since new tax credit rules took effect this year. Out of 300,000 plus advance payments that have been issued, more than 250,000 are for tax credits related to new EVs valued up to $7,500 and around 50,000 for used vehicles with rebates of up to $4,000, the U.S. Treasury reported.
