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. Electric vehicles remain more expensive than comparable gas models, but that could change in 2024.

It should be easier to get because it’s now available as an instant rebate at. The faster adoption and manufacturing of electric vehicles (fame) scheme is a key driver, offering subsidies and incentives for both manufacturers and consumers.