Nov. 19, 2024
LOS ANGELES – Plug In America, a national nonprofit accelerating the shift to electric vehicles (EVs), encourages consumers to take advantage of the federal EV tax credits while they are still available. This applies to new and used EVs, as well as purchases and leases. We expect to see changes to the federal tax credit starting Jan. 1, 2024, which will reduce the number of models available for the federal tax credit.
“We have no way of knowing what will happen under a new administration and new Congress,” said Joel Levin, executive director. “So if you’re thinking about getting a new or used EV, now is a great time for both. There are so many models on the market, and consumers can often stack incentives from states, municipalities and utilities on top of the federal EV tax credit, which provides a great deal for car buyers.”
Besides purchasing, leasing is a great way to get comfortable driving an EV, and many manufacturers pass on the tax credit through leases. For more information about EV incentives, car shoppers can visit plugstar.com/incentives.
Regardless of what happens to the tax credit, EVs are here to stay. Last year, the most popular automobile in the world was all-electric, and EV sales continue to rise in the U.S. and globally.
About Plug In America
Plug In America is the nation’s leading nonprofit organization dedicated to accelerating the use of plug-in electric vehicles in the United States through education, advocacy and research. Formed in 2008, Plug In America provides practical, objective information to consumers and dealerships about EVs through various programs, including National Drive Electric Week, Drive Electric Earth Month, PlugStar.com, and other public outreach events. Learn more at PlugInAmerica.org.
Media contact: Lindsey Perkins
