New Electric Vehicles Qualify for Federal Tax Credit
As spring 2024 unfolds, we have some good news: more vehicle models are now eligible for the federal tax credit than when the list changed on January 1. The U.S. Department of Energy recently released a new list of EVs that receive between $3,750 and $7,500 in federal tax credit. And with the updates in the IRS guidelines for 2024, this credit can now be taken at point of sale, so the savings are instantaneous at IRS-registered dealerships.