“The $7,500 tax credit for electric cars has some big changes in 2024. What to know”

“ If you are considering buying an electric car in 2024, there's good news — and bad news: A hefty federal tax credit for electric vehicles is going to get easier to access this year, but fewer vehicles qualify for the full $7,500 credit.

The tax credits are a key part of the Biden administration's plan to speed up the shift to electric vehicles and slash carbon emissions from transportation. “*

*Source: https://www.npr.org/2023/12/28/1219158071/ev-electric-vehicles-tax-credit-car-shopping-tesla-ford-vw-gm