or fuel cell vehicles (FCEV), including cars and light trucks are eligible. Here’smore infoand a potentiallist of qualified used vehiclesthat could qualify for the used EV credit (if other criteria is met).
The 2024 Honda Prologue, which just started shipping to customers, will be eligible for the full $7,500 federal EV tax credit, the automaker said today. Plus customers can get the creditat the dealership, instead of as a tax rebate the following year. Would you pay around $41,000 for ...
500, and used electric car buyers may qualify for up to $4,000. Consumers can also opt to transfer the credit to an eligible dealer instead for an immediate discount on the vehicle at the point of sale.
In 2024, several EVs are eligible for the federal government's tax credit program, which can reduce what you owe the IRS by up to $7500 for a single tax year.
Whether you want a peppy hatchback for blitzing around town or a future-proof work truck, there’s an EV for you.
There is a cap on the price of eligible vehicles at $55,000 for new cars and $80,000 for new trucks, vans and SUV’s. These limits mean high-end electric vehicles would likely not qualify for this credit. Used EV’s will have a $25,000 limit. The credit will only be available ...
current list of all vehicles still eligible for the EV tax credit). Only 3 EVs on the list of thecheapest electric vehicles in 2024– the Chevy Bolt and Chevy Bolt EUV (which also made thecheapest new cars list), and the Volkswagen ID.4 – are currently eligible for an EV tax cre...
Finally, in 2023 and after, the manufacturer limitations that applied to the old credit will no longer apply to the Clean Vehicle Credit. That means that some vehicles that didn’t qualify for the credit in 2022 because of the per-manufacturer limit may be eligible in 2023 if they meet the...
The list of EVs eligible for a federal tax credit shrank at the start of 2024, but it's already growing again. Find the current list here.
UPDATE, 4/19/2023: The Department of Energy has released full information on the tax incentives and what vehicles are eligible (or not). See the full list here. Volkswagen has confirmed that its U.S.-built ID.4 qualifies for the full $7500 federal incentive. Last August, President Biden...