Electric Vehicle Rebate 2024. The limit is $80,000 for vans, sport utility vehicles and pickup trucks, and $55,000 for all other. The electric vehicle tax credit — also known as the “clean vehicle tax credit,” or 30d, if you like irs code — can offer up to $7,500 off the purchase of a new ev.
That’s because if you buy a used electric vehicle — for 2024, from model year 2022 or earlier — there’s a tax credit for you too. When congress rewrote the system governing federal tax credits for electric vehicle purchases, they made a change few noticed at the time that will alter how many.