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Carvana Introduces Instant Federal Tax Credit for Used EV Purchases

New feature allows customers to apply up to $4,000 Clean Vehicle Tax Credit at checkout, enhancing affordability and convenience.

  • Carvana's system automatically checks and applies the Clean Vehicle Tax Credit for eligible used EVs and plug-in hybrids.
  • Customers can save up to $4,000 instantly, rather than waiting for tax refunds the following year.
  • This initiative aims to make EVs more accessible by lowering the upfront cost and simplifying the buying process.
  • The tool highlights vehicles qualifying for the tax credit, ensuring customers can shop with confidence.
  • EV adoption continues to grow, but challenges like charging infrastructure and vehicle affordability remain.
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