Electric Car Rebates 2024. Union finance minister nirmala sitharaman presented the budget 2024 on tuesday. People who buy new electric vehicles may be eligible for a tax credit of up to $7,500, and used electric car buyers may qualify for up to.
Ev buyers no longer have to wait until the following year’s tax season to claim — and pocket — the clean vehicle tax credit. The treasury department has now issued new rules that will turn the federal ev tax credit into what is.