The Internal Revenue Service has been slow in recent weeks to approve and pay federal tax credits for electric vehicles, according to auto dealers and industry analysts — creating confusion for car dealers and hindering EV sales less than a week before the tax break is slated to disappear .
The delays began in earnest in mid-September, according to accounts shared with CNBC from three dealers in different parts of the country. Auto analysts and two national trade associations also confirmed to CNBC dealership reports of delays.
The dealerships say it forces them into a tough choice: carry the cost to keep offering the credit, or pull back and risk losing vehicle sales.
"We're continuing to pay the tax credit, though with a lot of anxiety," said Jesse Lore, founder of Green Wave Elec