Upcoming 2024 Changes to the Federal Clean Vehicle Tax Credit
The transition to electric vehicles (EVs) is a central pillar of the Biden administration’s commitment to reducing carbon emissions and combating climate change; and the federal Clean Vehicle Tax Credit is a key part of the administration’s approach. In 2024, that incentive changes in two ways: it becomes available at the point-of-sale and new battery provisions kick in that will likely reduce the number of eligible vehicle models.