Tax Rebate For Electric Car 2024. The treasury department released new guidance friday outlining how car dealers can give customers instant access to the electric vehicle rebate starting in. Those 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.

Section 80eeb of the income tax act allows buyers of electric vehicles to claim tax savings of up to rs. As of 2024, any qualified buyer can transfer their clean vehicle tax.