2024 EV Tax Credit Changes - The Good, The Bad, And “Huh?”

2024 has brought some big changes to America’s EV tax credit scheme. The tax credit can now happen at the point of sale which will cut the amount you may have to finance, and more people will be eligible for the full credit since you no longer have to have a minimum tax liability to get the deal. The downside? The number of qualifying EVs has shrunk dramatically due to tightening domestic sourcing requirements and the ban on components sourced from China. Although there are teething troubles with the used EV credit, that’s now online and there’s still the gaping loophole for EV leases regardless of where they are made. All that and more in this video!

IRS Guidance: https://www.irs.gov/pub/taxpros/fs-20...

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