Carvana Launches Used EV Buying With Credits 

Carvana Launches Streamlined Experience for Used EV Buyers

Press Release, July 14, 2024

Customers Can Now Realize Upfront Savings with Clean Vehicle Tax Credit Integration at Point of Sale

Carvana (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today

announced the launch of new features that make shopping for and buying a used electric vehicle

(EV) or plug-in hybrid (PHEV) easier and more accessible for its customers. The streamlined

process highlights vehicles that qualify for the Clean Vehicle Tax Credit in the search experience

and allows eligible customers to apply the up to $4,000 in savings from the credit at checkout.

“Carvana has always believed in using technology to make the car buying process easier, more

transparent and more accessible for our customers. By integrating the federal tax credit directly into

our ecommerce experience, we are driving convenience and savings for the increasing portion of

our customers interested in buying EVs,” said Dan Gill, Chief Product Officer at Carvana.

Available now, Carvana’s automated system checks vehicle eligibility and applies the Clean Vehicle

Tax Credit to the purchase at checkout for eligible customers who elect to transfer their credit to

Carvana. Rather than waiting for a lower tax bill next year, customers can now seamlessly access

up-front savings of up to $4,000 on the price of the vehicle. These savings also automatically flow

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 continued.

Carvana has sold electric vehicles since 2013, its first year in operation. Since then, the Company’s

sales of EVs and PHEVs have grown significantly as a broader range of vehicles has made its way

into the used fleet and into Carvana’s inventory. The company continues to expand its selection of

EVs and PHEVs to satisfy customer demand at all price points.

For additional information on the Clean Vehicle Tax Credit and to search for eligible vehicles,

customers can visit https://www.carvana.com/used-ev-tax-credit.