December is here, and it’s not just holiday lights sparking joy—it’s the electric vehicle (EV) incentives lighting up your savings potential. If you’ve been EV-curious or thinking about upgrading your current ride, now’s the time to plug into some sweet deals. Here’s your quick rundown of what’s new in EV incentives this month.
Federal Tax Credits Get a Glow-Up
The IRS has been rolling out the green carpet for EV buyers with tax credits of up to $7,500 for new rides. Starting in 2024, you don’t even have to wait for tax season. You can transfer that credit to the dealership for an instant discount. Shopping for a pre-loved EV? You could score up to $4,000 in tax credits if the vehicle meets all the right specs.
Tesla’s Holiday Spirit
Tesla’s doing more than decking the halls. They’re offering three months of free Supercharging and even throwing in complimentary Full Self-Driving software for EVs delivered before the ball drops on 2024.
GM’s Year-End Financing Cheer
General Motors is making a bold play for your garage space. Think interest-free financing on models like the GMC Sierra EV and Chevrolet Silverado EV. Oh, and if you’re a Costco member, you can snag an extra $1,000 off select Silverado EVs. Who knew bulk paper towels and EVs could be a match made in heaven?
California Dreamin’ (of Rebates)
In true Cali style, the state is keeping things cool with its own rebates. Qualifying buyers can stack up to $7,500 on top of federal incentives. Double dip, anyone?
Delaware Delivers Deals
Delaware’s Clean Transportation Incentive Program has extended its EV rebates into 2025. Translation: You could pocket up to $2,500 just for making the switch to electric.
Why Now?
The political winds are shifting, and there’s chatter that some federal EV perks might drive off into the sunset. If you’ve been waiting for the right moment, this could be it.
Your Move
Whether it’s Tesla’s free juice, GM’s 0% financing, or stacking state and federal rebates like holiday cookies, December is serving up EV savings on a silver platter.
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Published December 3, 2024 8:55PM
Eveelife is an eco-oriented lifestyle platform that helps consumers make more purposeful choices about how they live and what they consume. We do it by curating content and products that help them make more conscious, carbon-free choices while amplifying their EV ownership experience.
