After the MA law passed and set the terms for how OEM’s respond to the independent repair industry, the OEM’s through their FADA-like association, called the Alliance of Automobile Manufacturers, entered into a Memorandum of Understanding (MOU) with the repair industry. NADA was not involved in this drafting as they opposed a national plan, so now there is much discussion by all parties about what was done and what impact the MOU has on all dealers in other states. FADA is participating and we have talked to some OEM’s to help them understand our concerns. Stay tuned – as more is expected that will be helpful in analyzing the real impact of this new MOU deal.
Search
EV Tax Credit Resources
Background: IRS Important Information for Consumers Transferring Clean Vehicle Tax Credits
IRS Checklist: Clean Vehicle Credit Transfer
IRS Video: How to Submit Time of Sale Reports
Plug-in Electric and Fuel Cell Electric Vehicles Purchased in 2023 or After
Federal Tax Credits for Pre-owned Plug-in Electric and Fuel Cell Vehicles
Commercial Clean Vehicle Credit