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EV tax credits: Fewer models qualify in 2024 under new rules

U.S. consumers looking to get a tax credit on an electric vehicle purchase will have fewer models to choose from under new rules that limit the countries where automakers can buy battery parts and minerals. Only 11 of the more than 50 EVs on sale in the U.S. are eligible for the credits so far this year. The credits, which range from $3,750 to $7,500, are aimed at boosting EV sales as the Biden administration tries to cut planet-warming emissions.

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EV tax credits: Fewer models qualify in 2024 under new rules

EV tax credits: Fewer models qualify in 2024 under new rules
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Driving an electric vehicle on Long Island: The highs and lows of powering up

Driving an electric vehicle on Long Island: The highs and lows of powering up
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For consumers shopping for an EV, new rules mean fewer models qualify for a tax credit

DETROIT — U.S. consumers looking to get a tax credit on an electric vehicle purchase have fewer models to choose from under new rules that limit the countries where automakers ....

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New rules mean less EV types eligible for tax credit

New rules mean less EV types eligible for tax credit
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