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

EV Life

The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. The dealership then submits “time of sale” paperwork to the IRS, and the IRS reimburses the dealer the credit amount. Which Electric Vehicles Still Qualify for the Tax Credit?

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Here are all the used EVs that qualify for a $4,000 tax credit

Baua Electric

Per the IRS: Beginning January 1, 2023, if you buy a qualified previously owned electric vehicle (EV) or fuel cell vehicle (FCV) from a licensed dealer for $25,000 or less, you may be eligible for a previously owned clean vehicle tax credit under Internal Revenue Code Section 25E. As long as they fit certain criteria.

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How to Get a Plug-In Hybrid

Tony Karrer Delicious EVdriven

At these prices, people are buying the "environmental feature" -- they want to be among the first owners of the worlds cleanest extended-range vehicles. Today youd do it to be one of the first to drive the worlds cleanest extended range vehicle; in the future, youll do it because its an obvious and affordable win!

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