Tax Credits 2024 Ev. Besides income thresholds and vehicle price caps, the 2024 ev tax credit mandates that your electric vehicle satisfy specific battery and critical mineral. Federal ev tax credits in 2024 top out at $7,500 if you're buying a new car and $4,000 if you're buying a used car, while the bank or the automaker's finance.
Under the inflation reduction act, consumers can choose to transfer their new clean vehicle credit of up to $7,500 and their previously owned clean vehicle credit of up. Washington โ the internal revenue service issued final regulations today for the new and previously owned clean vehicle credits.