COMING 2024 CHANGES TO THE FEDERAL CLEAN VEHICLE TAX CREDIT Picture of Electric charging car.
COMING 2024 CHANGES TO THE FEDERAL CLEAN VEHICLE TAX CREDIT Picture of Electric charging car. electric charging car price. electric charge car electric car 2024 cganges The transition to electric vehicles (EVs) is a central pillar of the Biden administration’s commitment to reducing carbon emissions and combating climate change; and the federal Clean Vehicle Tax Credit is a key part of the administration’s approach. In 2024, that incentive changes in two ways: it becomes available at the point-of-sale and new battery provisions kick in that will likely reduce the number of eligible vehicle models. Good News First: Point-of-Sale Tax Credit! To help speed up this transition, the U.S. Treasury Department has recently laid out some updates to the new clean vehicle tax credit and the previously owned clean vehicle tax credit. Starting January 1, 2024, the clean vehicle tax credits can be accessed as point-of-sale rebates at participating dealerships. This is great for two reasons: Y