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

Quick facts about federal incentives for electric cars

Consumers considering an electric vehicle right now may want to weigh how 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 qualify for federal tax credits.

The Inflation Reduction Act includes electric vehicle tax credit provisions set to reshape how Americans buy electric cars and plug-in hybrids. The federal government continues to update…

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