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If you plan on buying a new electric vehicle, be it battery-electric, fuel-cell, or plug-in hybrid, the EV tax credit is Uncle Sam's way of persuadi. ....
People who want to buy a new or used electric or plug-in hybrid vehicle will be able to get U.S. income tax credits at the time of purchase in 2024. ....
Ev Tax Credit: Starting Jan. 1, consumers can transfer the credits to a car dealer, effectively lowering the vehicle s purchase price, a change that may help boost EV sales. Under the guidance issued Friday, consumers will need to attest they meet income limits to qualify for the tax credit or they will need to repay the government when filing their taxes. ....