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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. In addition, battery sourcing requirements can also affect a vehicle’s eligibility. The full $7,500 tax credit is split into two parts, each worth $3,750.

Tax Credit 52
Tax Credit Tax Personal F-150 52
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