Used Ev Tax Rebate 2024. The irs says the credit equals 30%. The inflation reduction act allows a maximum credit of $7,500 per new clean vehicle, consisting of $3,750 in the case of a new vehicle that meets certain requirements relating to applicable critical minerals and $3,750 in the case of a new vehicle that meets certain requirements relating to battery components.
On january 1, 2023, the inflation reduction act of 2022 qualified certain electric vehicles (evs) for a tax credit of up to $7,500 for eligible buyers. 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 $4,000.