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Well, it’s 2024, the changes to the federal EV taxcredit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal taxcredit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the TaxCredit?
The Polestar 3 has a base price of $74,800 that’s under the $80,000 federal tax-credit cap for electric SUVs. assembly, it’s unlikely to qualify for a federal taxcredit for the foreseeable future. But even with that, and U.S. Building cars in the U.S. does at least avoid recently-hiked tariffs on Chinese EVs.
The list of electric vehicles qualified for the EV taxcredit in calendar year 2024 has been released. Also of note: No Rivian electric truck qualifies for the full $7,500 taxcredit amount in 2024, at this time. The credit amount on these models has fallen to $3,750. And as expected, it’s very short.
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