2024 Tax Credits For Hybrid Vehicles. Planning to buy a new clean vehicle. The federal tax credit rules for electric vehicles often change, as they did on january 1, 2024.

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. We’ll help you determine whether your purchase of an electric vehicle (ev) or fuel cell vehicle (fcv) qualifies for a tax credit based on whether you are: