The 2024 Nissan LEAF, produced by Nissan, now qualifies for a federal EV tax credit of $3,750 for eligible buyers in the U.S. This benefit will be available for new vehicles purchased and operational by December 31, 2023.
Why It Matters
Electric vehicles (EVs) are becoming more integral in the pursuit of environmentally friendly solutions in transportation. This tax incentive serves to promote the adoption of EVs and further reinforces the LEAF’s position as an accessible option for potential EV buyers.
Key Points
- To qualify for the tax credit:
- The 2024 LEAF should be purchased and made operational by the end of 2023.
- Buyers must adhere to all purchase and income prerequisites as described in the Internal Revenue Code Section 30D.
- The vehicle should comply with the “battery component” criteria of the Inflation Reduction Act of 2022.
- Nissan verifies that the 2024 LEAFs manufactured in the U.S. fulfill these stipulations.
- Both the LEAF and its battery components are assembled in Smyrna, Tennessee.
Bottom Line
Judy Wheeler, the divisional vice president of Nissan U.S. Sales and Regional Operations, emphasized the vehicle’s legacy by stating, “For more than a decade, the LEAF has been one of the most attainable electric vehicles on the market.” She added that this tax credit amplifies the LEAF’s accessibility to a broader customer base looking to transition to EVs.
For those interested in the Nissan LEAF, more details are provided here. It’s recommended for potential buyers to liaise with their tax consultants to understand any further federal and state tax credit opportunities.
