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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. The EV Climate Loan When you apply for the EV Climate Loan with EV Life, here’s how it works: Pre-qualify for more than financing. The full $7,500 tax credit is split into two parts, each worth $3,750.

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

Baua Electric

JANUARY 2, 2024

The other $3,750 leans on a stipulation that at least 50% of critical mineral content in batteries be North American–sourced (or from countries in which there’s a free-trade agreement in place). 1, as detailed by the Department of Energy just a month ago on Dec. Starting Jan.

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