FADA reached out to DOR regarding its position on the proper treatment of the EV credit. When the buyer transfers the credit to you, the dealer, you have two choices according to the federal government: You can treat the credit as a down payment or apply it to the deal as a reduction in the sales price. DOR has responded that you are to treat the credit as a down payment. We expect a letter from DOR this week that will further expand on this guidance. Please ensure that you are following the guidelines outlined in this IRS guide.

You will find a collection of sources that you can consult for additional details on electric vehicle tax credits below:

If you are encountering issues with final registration or bank clearance, the IRS likely has to manually verify your information, especially if you are a S-Corporation or Partnership. You'll be put into a "pending status". After that, the IRS will contact you by phone or email to begin verifying your information, where you may be expected to provide a voided check. It can take 15 or more days for this process to begin.

Dealers are encouraged to submit this information as soon as possible. Please be aware that because the portal opened a few months ago, the IRS is experiencing a backlog and response times may be delayed. As of now, there is no way to expedite this process. FADA will update you with more information as we receive it.

Contact irs.clean.vehicles.dealer.info@irs.gov. This is your go-to address for direct assistance regarding IRS registration issues. However, you should expect a 2 week response time.

We understand the frustration caused by these registration issues and are committed to supporting you through this process. Please reach out to members@flada.org to keep us aware of any issues you are having.