How the 2023 Inflation Reduction Act EV Tax Credit Will Change for 2024
Are you planning to buy an electric vehicle (EV) in the near future? Do you want to know how to save money and reduce your environmental impact with the 2023 Inflation Reduction Act EV tax credit? If so, you’ve come to the right place.
In this blog post, we’ll explain how the EV tax credit works, what changes are coming in 2024, and how to plan ahead to maximize your savings. You’ll learn about the different factors that affect your eligibility and amount of the credit, such as the type, price, battery capacity, and sourcing of your EV. You’ll also learn about the option to transfer the credit to a dealer at the point of sale, which will be available only for new EVs in 2024 and beyond.
Read on to find out how to take advantage of the 2023 Inflation Reduction Act EV tax credit and save money on your EV purchase.