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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

JANUARY 4, 2024

The other $3,750 of the credit applies to battery manufacturing, requiring a certain percentage of the battery’s components to be manufactured or assembled in North America. An EV Life loan enables you to get an instant quote for home charger installation and bundle it into auto financing, reducing your upfront costs.

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Which 2024 EVs qualify for the $7,500 EV tax credit?

Baua Electric

JANUARY 2, 2024

1, any vehicles with key battery components sourced from a “foreign entity of concern”—China, Russia, Iran, or North Korea— will be disqualified in 2024 , as will corporate subsidies if a “parent entity” from one of those countries directly holds more of 50% of the automaker’s interest. appeared first on Bauaelectric Auto News.

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