How to Successfully Claim the EC Tax Credit in 2024

Customers in the market for a used or new electric vehicle (EV) in 2024 are in luck. 

Before this year, buyers had to wait to claim the clean vehicle credit (CVC) on their tax return. Now, you can lower the upfront cost of an EV by transferring the credits to the car dealer. If you meet the eligibility requirements, you could save up to $4,000 on pre-owned and up to $7,500 on new electric vehicles.