The Best Used EVs to Get the $4000 Federal EV Tax Credit In 2024
Electric vehicles (EVs) are becoming increasingly popular due to their reduced environmental impact and potential cost savings on fuel. With the federal government offering a tax credit of $4000 for used EVs in 2024, many consumers are looking for the best options to make the most of this incentive. Here are some of the best used EVs you should consider to qualify for the tax credit.
1. Chevy Bolt EV
– Years: 2017-2021
– The Chevrolet Bolt EV is known for its impressive range, reliability, and affordability. Early models offer around 238 miles on a single charge, and later models boast a range of up to 259 miles.
2. Nissan Leaf
– Years: 2013-2022
– Nissan’s Leaf has been a frontrunner in the EV market. Used models come in various trims and battery sizes, making it possible to find one that fits different needs and budgets. The newer versions can provide ranges of up to around 226 miles.
3. Tesla Model S
– Years: 2012-2016
– Although they’re on the pricier side, used Tesla Model S sedans offer luxury, cutting-edge technology, and long ranges that can exceed 250 miles depending on the model year and battery choice.
4. BMW i3
– Years: 2014-2020
– The BMW i3 is an innovative EV with a unique design and a strong emphasis on sustainability, using recycled materials inside. It also offers swift acceleration and nimble handling, with ranges varying from 81 miles up to 153 miles without the range extender.
5. Hyundai Kona Electric
– Years: 2019-2021
– This compact SUV provides an EPA range of up to 258 miles per charge. It’s known for its sprightly acceleration, abundant standard features, and an interior that punches above its price class.
6. Kia Soul EV
– Years: 2015-2019
– Known for its funky design and spacious cabin, the Soul EV is an excellent option for those looking for something that stands out from the crowd. It offers ranges that can reach up to 111 miles on some model years.
7. Volkswagen e-Golf
– Years: 2015-2019
– Volkswagen’s e-Golf boasts familiar Golf qualities like good build quality and comfortable handling while providing an electric range adequate for city driving – expect about 83 miles up to approximately 125 miles depending on the year.
Before purchasing any used EV, it’s essential to check its eligibility for the federal tax credit as it might vary based on specific conditions or changes in policy. Additionally, consider factors like battery health, range requirements for your daily commute, vehicle condition, mileage, and potential additional incentives from state or local governments which could further enhance savings.
Investing in a used EV can be an excellent way to join the electric revolution while capitalizing on significant savings through incentives like the $4000 federal tax credit offered in 2024. Make sure you do your research before buying so you can hit the road with confidence knowing you’ve made a great choice both for your wallet and the planet.