Electric Vehicle Tax Rebate 2024. 500 crore and provides subsidies to evs. The list of evs that qualify for the $7,500 federal tax credit got a lot shorter in 2024, but it's slowly climbing back up to 2023 numbers.

Department of the treasury proposed a rule on friday that would make it easier for consumers to get a $7,500 tax credit for new electric. A $7,500 tax credit for electric vehicles has seen substantial changes in 2024.