Rebate For Hybrid Vehicles 2024. The inflation reduction act (ira) provides new opportunities for consumers to save money on clean vehicles, offering multiple incentives for the purchase or lease of electric. Only new zevs are eligible for the federal incentive (i.e., vehicles registered for the first time).

Applications submitted on or after september 6, 2023, were placed on a standby list. The inflation reduction act allows a maximum credit of $7,500 per new clean vehicle, consisting of $3,750 in the case of a new vehicle that meets certain.