Mass. Consumers Taking Advantage Of $11,000 Combined In EV Tax Credits

Episode Transcript

Speaker 1 (00:00):
Now's a good time to plug into savings on EV purchases.
Charlie Dayer is president and owner of Commonwealth Motors.

Speaker 2 (00:06):
We've sold several because of that, only because of the
savings alone. An now all of a sudden, well, you
know what, I do like electric vehicles because they're saving
so much money.

Speaker 1 (00:15):
That's because the Biden EV credit, which expires on September thirtieth,
can take seventy five hundred off the sticker price.

Speaker 2 (00:22):
We take it off the price, and we apply to
the government to get the money is issued back to us.

Speaker 1 (00:26):
And Massachusetts offers a thirty five hundred dollars credit for
qualifying evs.

Speaker 2 (00:31):
That's the same way it's taken off the top, so
it's very easy to consume. They walk out and they've
saved the eleven thousand dollars.

Speaker 1 (00:37):
And if the EV is American made or primarily assembled
in America. There's also the Trump administration's car Loan interest
tax credit of up to ten thousand in Lawrence Sherry
Small WBC Boston's news radio