Which 2024 EVs qualify for the $7,500 EV tax credit?
Baua Electric
JANUARY 2, 2024
1, any vehicles with key battery components sourced from a “foreign entity of concern”—China, Russia, Iran, or North Korea— will be disqualified in 2024 , as will corporate subsidies if a “parent entity” from one of those countries directly holds more of 50% of the automaker’s interest. Starting Jan.
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