The number of electric vehicles that qualify for clean vehicle tax credits up to $7,500 under the Inflation Reduction Act will drop from 35 to 14 in 2024, according to the U.S. Department of Energy and the U.S. Department of Treasury’s Internal Revenue Service on Saturday.
Many popular EVs, including the Nissan Leaf and some versions of the Tesla Model 3, will lose eligibility.
Other vehicles, including several EVs sold by General Motors and the Tesla Cybertruck, may eventually qualify for federal clean vehicle tax credits in 2024, according to the automakers.
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