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

EV Life

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?

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Are You Plugged In?

Revenge of the Electric Car

Match the auto maker with its electric car: A. These vehicles are expected to range in price from about $40,000 to more than $100,000. All will qualify for a $7,500 federal tax credit. is 50 mph and its nominal range is 50 miles; it retails for about $12,000. GM calls the Volt an extended-range electric vehicle, or EREV.

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Using the PHEV (Plug-In Hybrid Electric Vehicle) to Transition Society Seamlessly and Profitably From Fossil Fuel to 100% Renewable Energy

Green Car Congress

In the past the auto industry has responded to incentives and guidelines set by government agencies and reengineered their product to meet this requirement. Virtually any car, truck or bus can be made or redesigned as a long-range PHEV. It is only a matter of economics motivated by incentives or taxes.

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