Sat.Nov 30, 2024

article thumbnail

Electric Vehicles and How to Take Advantage of Current Financial Benefits

Success

I recently leased my first electric vehicle (EV)—a Toyota bZ4X. I love the responsive acceleration and panoramic moonroof, and I definitely don’t miss having to stop at gas stations. But another great advantage to having an EV, aside from helping the planet, is the various financial incentives associated with it. Let’s take a look at a few. Federal tax credit basics The New Clean Vehicle Tax Credit is a federal credit available to individuals or businesses that purchase an EV between 2023 and 20