Tax Rebate For Electric Car 2024. The $7,500 tax credit for new electric vehicles is available from 2023 and can be claimed on tax returns filed in 2024. Tax credits up to $7,500 are available for eligible new electric vehicles and up to $4,000 for eligible used electric vehicles.

The irs has made the ev tax credit easier to obtain, and in 2024 it’s redeemable for cash or as a credit toward the down payment on your vehicle. It should be easier to get because it’s now available as an instant rebate at dealerships, but fewer models.