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Podcast: IEN Radio
Episode: Gov’t Paid Millions in EV Tax Credits for Ineligible Vehicles
Description: Let’s just be real: Doing your taxes is complicated and hard, and even the most honest of individuals can find themselves making a mistake here and there. And if you do, that’s what the auditors are for, right?Unless nobody is paying attention. A recent audit conducted by a U.S. Treasury Department watchdog revealed that some-$82 million in credits were bestowed upon American taxpayers over a five year period for electric and plug-in electric vehicles purchases that didn’t actually qualify for the EV tax credit.Developed in 2009 to help support the ramp-u...