Carvana’s new online tool lets customers use EV tax credit at checkout
Carvana wants to make it easier to buy an electric vehicle — and take advantage of the federal government’s EV tax credit — online.
The online used-car retailer has launched new features designed to make the purchase of EVs and plug-in hybrids more accessible to its customers.
The new process highlights vehicles that qualify for the clean vehicle tax credit in search results and allows eligible customers to apply the credit of up to $4,000 during checkout.
“Carvana has always believed in using technology to make the car-buying process easier, more transparent and more accessible for our customers,” chief product officer Dan Gill said in a news release. “By integrating the federal tax credit directly into our e-commerce experience, we are driving convenience and savings for the increasing portion of our customers interested in buying EVs.”
Carvana said its automated system checks vehicle eligibility for the tax credit and applies it to the purchase for eligible customers who elect to transfer their credit to the dealer, taking advantage of the Internal Revenue Service’s system allowing customers to use the credit at the point of sale.
Carvana said the credit automatically flows through to eligible customers’ financing terms.
“The detailed vehicle eligibility checks we’re running behind the scenes help customers shop with confidence while the integrated tax credit savings help customers take advantage of more affordable entry points to the growing EV category,” Gill said.