Good News and Bad News: Changes to the Federal EV Tax Credit in 2024
EV Life
JANUARY 4, 2024
For example, starting in 2024, battery components cannot come from companies controlled by China. Bundle charging. 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. Vehicles can qualify for none, both, or either of these credits.
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