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The full $7,500 tax credit is split into two parts, each worth $3,750. The EV Climate Loan When you apply for the EV Climate Loan with EV Life, here’s how it works: Pre-qualify for more than financing. Financing with EV Life guarantees the best prices and the lowest rates on your EV, saving the planet while saving your pocketbook.
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). It’s all part of a comprehensive push from the Biden administration to foster a domestic supply chain for EVs. Starting Jan.
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