Electric Vehicle Rebate 2024 Irs. The irs recently published new procedural rules in the treasury regulations that go into effect july 5, 2024, with revised credits that can save taxpayers up to $7,500 on certain new evs and up to $4,000 on certain. The federal tax credit rules for electric vehicles often change, as they did on january 1, 2024.
Department of the treasury announces more than $1 billion in upfront savings for consumers on electric vehicle sales. Determine whether your purchase of an electric vehicle (ev) or fuel cell vehicle (fcv) qualifies for a tax credit.