article thumbnail

How New Eligibility Criteria for the Electric Vehicle Tax Credit Affects You

Blink Charging

Opting for an electric vehicle and leveraging the EV tax credit to help with your next electric vehicle purchase is a smart move. There are various opportunities available to help offset the expenses linked with transitioning to electric vehicle. Which Vehicles Are Now Disqualified from the EV Tax Credit?

article thumbnail

What happened to the Tesla Cybertruck & Model 3’s IRA tax credit eligibility? 

Teslarati

As the new year rolled in, Tesla updated its website to inform customers about its vehicles’ eligibility under the Inflation Reduction Act’s (IRA) new qualifications. While many Tesla vehicles qualify for the IRA’s tax credits for electric vehicles (EVs), two Model 3 variants and the Cybertruck were left out of the current list.

article thumbnail

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.

article thumbnail

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. Vehicle price caps also apply, of $55,000 for new cars and $80,000 for pickup trucks, SUVs, and vans. And as expected, it’s very short. Starting Jan. 1, as detailed by the Department of Energy just a month ago on Dec.