Recurrent, a professional group that collaborates with thousands of EV drivers and introduces advanced machine learning, created a tool to help potential buyers determine if the used electric vehicle is eligible for the $4000 tax credit.
According to InsideEVs, a revised federal EV tax credit was done as part of the Biden Administration’s Inflation Reduction Act. There is now a credit of up to $4,000 for used EVs bought via a dealership. However, the bill’s complicated requirements make it difficult to know which vehicles are eligible.
The Recurrent EV Tool
Worry no more, as Recurrenthas crafted a tool that would help potential EV owners choose a tax credit-eligible used EV.
Recurrent offers a wealth of services to support EV owners. These online services are:
· Used EV Tax Credit Guide
· Battery Reports for Electric Cars; and the new
· Tool that will assist buyers of used electric cars in determining an EV’s eligibility before they make a purchase
“I have spent hours poring over the tax credit bill with legal experts and the eligibility criteria can read like a puzzle. This eligibility tool makes it much easier. In about 30 seconds, a car shopper will have a good idea if a used EV is likely to receive a tax credit – no tax law background required.”
Policy Research and Communications Manager at Recurrent Liz Najman
How to Use the Recurrent Tool?
The new tool should make things less stressful and challenging because it is so simple to use.
Anyone may visit the Recurrent webpage, enter their EV’s vehicle identification number or VIN, and check their information against the requirements for the new tax credit. Given that the VIN should be listed online, you might not even need to go to the dealership. If it isn’t, you may just ask the dealer for it for such information.
