2024 Tax Credits For Evo. 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 requirements. The inflation reduction act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032.
The finance act sections 1 to 99 (page 1 to 54) amends income tax act, section 158 (page 68 to 69). A used ev might be the way to go in 2024.
