A less expensive EV? The Nissan Leaf is now eligible for a $3,750 tax credit score

A white Nissan Leaf parked outside a modern house in the desert at night.

Enlarge / The Leaf was given a midlife facelift final yr. (credit score: Nissan)

Whereas it’s true that the current wave of latest electrical autos has been something however low cost, there are nonetheless just a few comparatively inexpensive EVs on the market for individuals who do not thoughts smaller vehicles— together with the Nissan Leaf. An early pioneer within the electrification recreation, the venerable Leaf has been somewhat forgotten. Nicely, neglect no extra as a result of there’s now Nissan Leaf information: The automotive as soon as once more qualifies for a federal tax credit score.

We noticed a giant revamp of the federal EV incentive this yr due to the Inflation Discount Act. Earlier than, the tax credit score was tied to the storage capability of the automotive’s battery. Now, it is decided by how a lot of the pack was domestically sourced or assembled.

For this yr, if a minimum of half the pack’s crucial minerals have been refined in america (or a rustic with a free commerce settlement with the US), then the EV is eligible for a $3,750 tax credit score, supplied that remaining meeting additionally happens in North America. One other $3,750 is offered if half or extra of the pack’s elements have been assembled within the US.

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