Is Your New EV Still Eligible for the $7,500 Federal Tax Credit? 🚗 Key Changes You Need to Know
Discover how Biden's new 2024 EV rules have reduced the number of qualifying vehicles from nearly two dozen to just 13. Find out if your electric vehicle still qualifies for the full $7,500 federal tax credit.
Benzinga
203 views • Jan 3, 2024
About this video
The number of electric vehicles eligible for the full $7,500 US federal tax credit fell to 13 from about two dozen due to new rules taking effect in 2024. The new rules exclude vehicles that use battery components from Chinese manufacturers, and the Inflation Reduction Act phases out the credit for EVs once a manufacturer hits 200,000 sales. Models still eligible for the full credit include the Tesla Model Y, Rivian R1T, Jeep Wrangler 4xe, and Ford F-150 Lightning.
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Views
203
Duration
0:39
Published
Jan 3, 2024