Nissan and the IRS introduced in the present day that the Leaf has regained eligibility for the federal tax credit score for electrical autos.
With now $3,750 in tax credit score, the Leaf can begin at simply $24,400 – making it one of many least expensive EVs within the US.
Nissan, like many different automakers, has had points maintaining with the battery element necessities to be eligible for the as much as $7,500 tax credit score for electrical autos within the US.
The Leaf, which is in-built Tennessee, has gained it a misplaced it twice for the reason that tax credit score reform was put in place final yr.
With the extra stringent battery element sourcing necessities that got here into impact in January 2024, the automobile once more misplaced entry to the credit score.
Now, Nissan introduced that the Leaf is regaining entry to a $3,750 credit score:
2024 Nissan LEAF autos manufactured in 2024 and bought on or after March 6 could also be eligible for a part of the U.S. federal EV tax credit score offered that the shopper meets all buy and earnings {qualifications} for the EV tax credit score as outlined in Inner Income Code Part 30D.
In a press launch, Nissan says that the Leaf now meets the “battery element” necessities – getting access to half of the complete $7,500 credit score. It signifies that The Leaf doesn’t meet the vital minerals requirement.
Contemplating the Leaf has a beginning MSRP value of $28,140 within the US, it signifies that the Leaf begins at simply $24,390 in case you are eligible to tax credit score based mostly in your earnings.
Beginning in 2024, the credit score can even apply straight on the buy – lowering the price straight.
With some state and native incentives in some areas, the worth of the Leaf can come right down to about $20,000, which is unbelievable for model new EV.
Electrek’s Take
That’s a fantastic deal. Now, the Leaf shouldn’t be excellent, particularly at that value. It’s for the bottom model, which has a 40 kWh battery pack enabling about 150 miles of vary.
However that’s nonetheless a fantastic metropolis automobile. If it meets your wants, the deal is difficult to go.
Nevertheless, I’d additionally notice that the Leaf refresh is coming, and I’ve a sense it’s going to be a pleasant one. It’s best to maintain that in thoughts. That mentioned, it might additionally include a value improve.
Are you able to get behind the wheel of your new LEAF EV and make the most of the EV tax credit score? You should utilize our hyperlink to discover a Nissan LEAF close to you at a fantastic value in the present day.
