Tax Credits 2024 Ev. Federal ev tax credits in 2024 top out at $7,500 if you're buying a new car and $4,000 if you're buying a used car, while the bank or the automaker's finance company can take a $7,500 tax. 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.

Find more information on the clean vehicle credits for. What to know and how to qualify a guide on how to qualify for up to $7,500 in tax savings.