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The EV Tax Credit: Buy Now or Wait Until 2024?

EV Life

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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

EV Life

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?

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Here’s every electric vehicle that currently qualifies for the US federal tax credit in 2024

Baua Electric

As sales of electric vehicles continue to grow in 2024, many new and prospective customers have questions about qualifying for a federal tax credit on electric vehicles. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place.

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

Baua Electric

January 1, 2023, kicked off a fresh start of new tax credits for vehicles, both new and used. Since then, much of the dust has settled on the Capitol as it continues to implement qualifying terms for tax credits , continuously shifting what used EVs do and do not qualify. Here’s the latest list.

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The EV Battery Wish List

Cars That Think

Charging infrastructure is on our wish list of things that need to improve,” said Dan Nicholson, who helps lead General Motors’ new charger initiatives. population lives within 16 kilometers of a GM dealer. That includes a $35-per-kWh tax credit on every lithium-ion cell produced, and a $7,500 consumer tax break on eligible EVs.

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Flash Drive: 2024 Kia EV9

Clean Fleet Report

A Bona Fide Third Row in an Electric SUV Combine the Kia Telluride three-row SUV and the Kia EV6 crossover and you get the all-new, all-electric 2024 Kia EV9 three-row SUV. For a one time fee, a Boost mode can be downloaded through the dealer. Each drive mode affects the steering wheel and accelerator feel.

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Flash Drive: 2022 Hyundai Ioniq 5

Clean Fleet Report

All-New, All-Electric Compact SUV. The next few years will see an onrush of electric vehicles, with the SUV class getting the majority of the new models. The 2022 Ioniq 5 looks like no other all-electric compact SUV—or like any of the generic crossovers on the market—staying away from sharp edges or clunky nose scoops and grilles.

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