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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. 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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Which 2024 EVs qualify for the $7,500 EV tax credit?

Baua Electric

The list of electric vehicles qualified for the EV tax credit in calendar year 2024 has been released. Also of note: The EV tax credit becomes an instant dealership rebate in 2024 , giving EV buyers instant access to the credit and allowing them to finance a lower amount up front for the vehicle. Starting Jan.