Study: Point-of-sale EV rebates buyers prefer could have saved $2 billion vs. tax credits

Purchase incentives are an important tool for increasing EV adoption, but the current federal tax credit may not be the most effective, according to a new George Washington University study. Buyers prefer a rebate that's applied at the point of sale—sometimes referred to as "cash on the hood"—to a delayed tax credit, even if the credit...

Feb 15, 2024 - 11:59
Study: Point-of-sale EV rebates buyers prefer could have saved $2 billion vs. tax credits
2022 Hyundai Ioniq 5Purchase incentives are an important tool for increasing EV adoption, but the current federal tax credit may not be the most effective, according to a new George Washington University study. Buyers prefer a rebate that's applied at the point of sale—sometimes referred to as "cash on the hood"—to a delayed tax credit, even if the credit...

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