Electric Car Incentives 2024. People who buy new electric vehicles may be eligible for a tax credit of up to $7,500, and used electric car buyers may qualify for up to $4,000. Auto industry reacts to budget 2024:

The california air resources board (carb) has introduced incentives of up to $14,000 on evs under a new driving clean assistance program (dcap). Ev buyers no longer have to wait until the following year’s tax season to claim — and pocket — the clean vehicle tax credit.