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Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?
The list of electric vehicles qualified for the EV tax credit in calendar year 2024 has been released. Also of note: No Rivian electric truck qualifies for the full $7,500 tax credit amount in 2024, at this time. In 2025, the tax credit rules will be extended to mining, processing, and recycling of critical minerals.
Opting for an electric vehicle and leveraging the EV tax credit to help with your next electric vehicle purchase is a smart move. This tax credit is applicable to qualifying clean vehicles placed into service within the current year, and it’s claimed in the year you take delivery. free-trade agreement partner country.
He also threatened to end the $7,500 federal EV tax credit, which would only put the US further behind Chinas surging global presence. Hyundai will also add hybrid output to the mix in Georgia. The partnership comes amid new uncertainty under US President Donald Trumps control. Hyundai began production at its $7.6
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