Today is John Possumato's birthday! And in honor of my favorite person's day of birth, I'm featuring our discussion from the Auto Intel Summit in which we talk about the breaking news about the federal tax incentive for electric vehicles and plug-in hybrids (PHEVs), revealing a major loophole that dealers can take advantage of to get the full $7,500 tax credit. We explore how this loophole can impact the mainstream adoption of EVs and the potential benefits for both dealers and consumers. Not only is this loophole expected to propel the mainstream adoption of EVs, as it significantly reduces the cost of these vehicles for consumers, but it also levels the playing field for foreign manufacturers and those sourcing batteries from different locations, making more EVs eligible for the tax credit.

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