"The Impact of On-the-Spot Tax Credits on Economic Growth"

The US government has paid out $135 million to auto dealers for on-the-spot tax rebates on electric vehicles, with over 25,000 time-of-sale reports received and more than 11,000 auto dealers registered for the program. However, the number of vehicles eligible for rebates has decreased, and new restrictions on electric vehicles and battery sourcing have been implemented. Consumers must meet income limits to qualify for the tax credit, and vehicles must adhere to specific guidelines on sourcing battery materials to receive federal tax credits.