Electric Car Rebates 2024 Tesla Car. A $7,500 tax credit for electric vehicles has seen substantial changes in 2024. Tesla cars charging at a dealership in maplewood, minnesota.

Electric vehicles tax credits up to $7,500 are available for eligible new electric vehicles and up to $4,000 for eligible used electric vehicles. People buying a new electric vehicle will get an instant rebate of as much as $7,500 starting in 2024, according to new guidance from the treasury department.