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Home » Federal tax credits may contribute to EV depreciation

Federal tax credits may contribute to EV depreciation

NMAC’s Cullum discussed federal incentives on EVs at the Auto Finance Summit

Whitney McDonaldbyWhitney McDonald
November 17, 2021
in Risk Management
Reading Time: 2 mins read
0
Cox Automotive buys battery recycler to cater to used EV market

Photographer: Brent Lewin/Bloomberg

LAS VEGAS – Federal tax credits may be driving the depreciation of electric vehicles, Nissan Motor Acceptance Company President Kevin Cullum said today during his Fireside Chat the Auto Finance Summit. The federal incentives available for new electric and hybrid vehicles do not hold their value as the cars enter the used market, Cullum said. […]

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