Electric Vehicle Rebate 2024 Irs. The irs has made the ev tax credit easier to obtain, and in 2024 it’s redeemable for cash or as a credit toward the down payment on your vehicle. The inflation reduction act allows a maximum credit of $7,500 per new clean vehicle, consisting of $3,750 in the case of a new vehicle that meets certain.

Make sure you meet the. The electric vehicle tax credit — also known as the “clean vehicle tax credit,” or 30d, if you like irs code — can offer up to $7,500 off the purchase of a new ev.