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

EV Life

JANUARY 4, 2024

The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. New Changes in 2024: Instant Rebates Starting in January 2024, electric vehicle purchasers will no longer need to wait until the subsequent tax season to receive their credit.

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Tax Credit Tax Personal F-150 52
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Which 2024 EVs qualify for the $7,500 EV tax credit?

Baua Electric

JANUARY 2, 2024

The list of electric vehicles qualified for the EV tax credit in calendar year 2024 has been released. In 2025, the tax credit rules will be extended to mining, processing, and recycling of critical minerals. And as expected, it’s very short. Starting Jan. 1, as detailed by the Department of Energy just a month ago on Dec.

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Tax Credit Tax Chevrolet Jeep 52
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