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EV Tax Credit: $7,500 applied to all electric cars and trucks in 2023 and 2024


If price is the only reason you’re on the fence about buying an electric car this summer, it’s time to think again. With smart planning, you can even get the government to pay for some of it in EV tax credits. X The federal government’s EV tax credit is just one factor driving this summer’s buying boom. Some cars and trucks qualify for state rebates and tax credits. Combined, these incentives can reduce the price of a new EV by up to $15,000. And with falling prices and the proliferation of new electric vehicle models, this big-ticket purchase is no longer a splurge. In addition to good news…

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