Federal EV tax credits in 2024 top out at $7,500 if you're buying a new car and $4,000 if you're buying a used car, while the ...

The new option from 2024 allows new-car buyers to claim the full credit at the time of purchase. In IRS parlance, you “transfer” or sign over the credit to an IRS-registered dealer ...

The Treasury Department’s official list of eligible vehicles shows that the cars, trucks, minivans, and SUVs listed below qualify for a full $7,500 tax credit if placed in service between Jan.

Pricing for the hybrid model starts at $52,750, and it's the only PHEV on the list that's eligible for the full $7500 tax credit. Jack Fitzgerald’s love for cars stems from his as yet unshakable ...