The Federal Tax Credit for Electric Automobiles still exists but it's gotten a little more complicated and there are less vehicles on the list than ever. Among the biggest changes is the point of sale element, however if you're not cautious you could owe refund when you submit your taxes. Leasing? There are likely some rewards offered but they might not have anything straight to do with the Tax Credit, just an incentive to keep vehicles competitive with those that are qualified. These standards remain in place through the end of 2024, look for an upgrade in 2025 when the calendar ticks over.
EV Tax Credits Explained:
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00:00 List of Qualified Vehicles
01:42 AGI Qualifications
02:18 Point of Sale Specifics
04:13 New Model Eligibility Predictions
07:36 Assembly and Battery Sourcing Requirements
09:13 Frequently asked questions AGI
09:54 Frequently asked questions Leases
11:04 Frequently Asked Questions Sourcing Info
11:53 FAQs Binding Agreements
12:57 FAQs Makers That Advantage
16:30 In Conclusion
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