How electric vehicle tax credits will work in 2024, and a list of cars that qualify

Consumers considering an electric ... tax credits on electric cars work and how they could affect any upcoming buying decisions. The IRS recently updated its list of 2024 electric vehicles that ... Read More

Electric Cars and Plug-In Hybrids That Qualify for Federal Tax Credits

If you’re thinking about buying an electric car or a plug-in hybrid, you should be aware that the list ... to used vehicles. Which Cars May Qualify Only for the New EV Tax Credit If Leased? Read More

New Electric Vehicle Regulations Could Reduce Tax Credits for Certain Tesla Models in 2024 — Will Others Be Affected?

If you're pondering whether to buy an electric vehicle, now might be the time as some of the EV tax credits for certain brands will be slashed soon. I'm a Mechanic: Here Are 8 Cars I Would Buy and ... Read More

New Tax Credit Boosts Appeal of Used Electric Cars

Those considering a purchase may be interested in available tax credits on used cars that qualify as “clean” vehicles. Electric vehicles ... Act of 2022 created a new tax credit for buyers ... Read More

New US rules, aimed at curbing China, could limit tax credits for electric vehicles

The Biden administration has proposed new rules that could make it harder for electric vehicles to qualify for a full $7,500 federal tax credit. Read More

How to score an instant rebate on a new or used electric car in California

If your income isn’t too high, and the car or truck you plan to buy isn’t ultra-luxe, you could qualify for instant cash back of up to $7,500 for a new vehicle, or up to $4,000 for used. The deal ... Read More

What Is Form 8936: Plug-in Electric Drive Motor Vehicle Credit?

The form can be used as long as the filer's new ... qualify for the credit, you cannot: The first year you can claim the tax credit for used electric vehicles is when you file your 2023 taxes in 2024. Read More

CA and Federal tax incentives are changing next year for Electric Vehicles

For example, if you look up Tesla's Model 3, on Tesla.com, you may notice a message stating the $7,500 federal tax credit ... electric vehicles is no longer accepting new applications. Instead, in ... Read More

How electric vehicle tax credits will work in 2024, and a list of cars that qualify

These can be tax credits ... can help you with the cost of a new EV. Some local electric utilities provide incentive programs to help buyers get into electric vehicles. After all, they’re ... Read More