Which 2024 EVs qualify for the $7,500 EV tax credit?
Baua Electric
JANUARY 2, 2024
As of 2024, in addition to North American assembly, 60% of battery parts will need to be North American–sourced in order to qualify for half of the credit amount ($3,750). In 2025, the tax credit rules will be extended to mining, processing, and recycling of critical minerals. The credit amount on these models has fallen to $3,750.
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