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These are the best 2024 Memorial Day EV deals so far

Baua Electric

Tesla Model Y Photo: Tesla As Electrek reported earlier this month, Tesla is offering 0.99% financing for 72 months on its 2024 Model Y through May 31. Click here to find a local dealer that may have the Tesla Model Y in stock. Sadly Kia won’t allow those incentives to be stacked, so which works better is a personal choice.

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These are the best 2024 Memorial Day EV deals so far

Baua Electric

Click here to find a local dealer that may have the 2023 Mercedes-Benz EQB-Class in stock. Tesla Model Y Photo: Tesla As Electrek reported earlier this month, Tesla is offering 0.99% financing for 72 months on its 2024 Model Y through May 31. Click here to find a local dealer that may have the Tesla Model Y in stock.

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

EV Life

The dealership then submits “time of sale” paperwork to the IRS, and the IRS reimburses the dealer the credit amount. These new guidelines simplify the process for drivers, providing an immediate financial incentive at the point of sale and making dealers, not individuals, collect the tax credit from the IRS.

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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

However, dealers are much less likely to educate you about the fine print that may prevent you from accessing the full $7500 credit. 4 2023 $7500 $80,000 Personalize incentives Note: If you bought your EV before April 18, 2023, you can also check EV tax credit eligibility on FuelEconomy.gov.