article thumbnail

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

Green Car Reports

The list of electric vehicles qualified for the EV tax credit in calendar year 2024 has been released. And as expected, it’s very short. Noteworthy Tesla omissions include most of the Model 3 lineup (the Performance version is the only one that now qualifies), as well as the entire Model S lineup.

article thumbnail

These are the EVs that still qualify for the $7,500 tax credit in 2024

Teslarati

electric vehicle (EV) tax credit have taken effect, significantly limiting the number of qualifying options in 2024. Despite the list of qualifying EVs getting shorter , the 2024 guidance also lets sellers offer the rebate at the point of sale , rather than buyers being forced to wait until doing their taxes.

article thumbnail

How to Get the Federal Clean Vehicle Tax Credit This Year

Blink Charging

The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. The Clean Vehicle Tax Credit for new EVs is worth up to $7,500 and the Previously Owned Clean Vehicle Tax Credit is worth up to $4,000. Here’s what you need to know.

article thumbnail

Used PHEV prices rose ahead of $4,000 tax credit eligibility

Green Car Reports

In the months even before we knew some used plug-in hybrids would be eligible for a $4,000 used EV tax credit, market interest in plug-in hybrids was on the rise, according to a recent pricing analysis.

article thumbnail

EV tax credit details, automakers' CAFE credit glut, hybrid thefts: Today’s Car News

Green Car Reports

Hybrids are hot for car thieves right now. And will the EV tax credit include that union-made bonus? The House version of the Build Back Better Act passed last week includes a tax. Automakers aren’t doing all they can to raise mpg, according to a new EPA report. Tesla owners quibble over an outage.

article thumbnail

EV tax credit shifts to rebate Jan. 1, and not all dealers are ready

Green Car Reports

car dealerships have not registered to begin offering the federal EV tax credit at the point of sale when that option becomes available Jan. More than 7,000 dealerships have registered with the IRS to offer tax credits of up to $7,500 as point-of-sale rebates, the U.S. Treasury Department said Friday.

article thumbnail

IRS invites consumers to comment on EV tax credit qualifications

Teslarati

The Internal Revenue Service (IRS) is inviting consumers to share comments on the electric vehicle tax credit qualifications. Those vehicles are classified as electric vehicles because they are plug-in hybrid EVs. In December, the IRS announced the vehicles that qualified for the 2023 EV tax credit. Credit: IRS.