IRS Offers Fix for EV Buyers Who Missed Their Tax Credits

After some electric vehicle buyers were unable to claim their expected tax credits this spring, the IRS has introduced a solution, according to the National Automobile Dealers Association (NADA).

Earlier this year, some buyers discovered they couldn’t receive the EV tax credit because their dealership had failed to report their 2024 purchase through a newly implemented IRS online portal within the required three-day window. Previously, there was no way for dealers to correct this oversight retroactively.

Now, the IRS is allowing dealers to report sales for qualifying clean vehicle credit transactions from 2024, effectively waiving the three-day submission deadline. The system was opened for testing on March 25 and is officially launching today. While the IRS has not publicly commented, it has not disputed NADA’s announcement.

The issue affected not only consumers but also dealers who had provided the tax credit upfront—an option introduced in 2024—but failed to report the sale in time, leading to financial losses. NADA stated it strongly advocated for this fix, with congressional members also becoming involved after hearing from constituents.

To take advantage of the reopened portal, buyers must coordinate with the dealership that originally sold them the vehicle, as only dealers can access and submit sales through the IRS’s ECO portal.