Good News and Bad News: Changes to the Federal EV Tax Credit in 2024
EV Life
JANUARY 4, 2024
On the one hand, the (up to) $7,500 tax credit is now available right away at the point of sale, eliminating the wait time and allowing drivers to apply their savings directly to the purchase of their vehicle at the dealership—which is great for consumers. In addition, battery sourcing requirements can also affect a vehicle’s eligibility.
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