Electric Suv 2024 Tax Rebate Qualified Expenses. Tax incentives for electric cars. Choose a vehicle that qualifies, keep accurate records for business use, consult with your tax professional, and stay updated on the latest tax laws to take full advantage of this valuable tax.

For better or worse, evs appear to be our future. New electric vehicles can qualify for either the full $7,500 credit or a partial $3,750 credit (we’ll get into why that is later).