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Eric is contemplating purchasing an electric vehicle ( EV ) in 2 0 2 4 and is curious about how the Electric Vehicle Credits might
Eric is contemplating purchasing an electric vehicle EV in and is curious about how the Electric Vehicle Credits might benefit him, given his interest in both new and used EVs. Considering the updated rules for electric vehicle tax credits, which statement accurately reflects the conditions and benefits Eric should consider? a Eric is eligible for a $ credit for any new or used EV purchase, regardless of the vehicles
manufacturing date or specifications.
b For a new EV purchased in Eric can transfer the credit to the dealer at the time of purchase for an
immediate discount, provided the vehicle meets specific assembly and component requirements.
c If Eric buys a used EV for more than $ he can still claim up to $ in tax credits as long as
the vehicle is from a licensed dealer
d The income limits for claiming the EV credit are eliminated in allowing Eric to qualify regardless
of his Modified Adjusted Gross Income MAGI
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