3 Top-Rated EV Charging Stocks Wall Street Analysts Are Loving Now: January 2024

Starting in 2024, the Internal Revenue Service (IRS) extended an improved version of a tax credit system for electric vehicle (EV) buyers to 2032. Individuals purchasing used or new domestically manufactured EVs can instantly claim tax credits of up to $7,500, regardless of their tax liability. This move is a game-changer, as it expands the accessibility of the tax credit and aims to incentivize the adoption of EV cars. Also, the EV charging equipment tax credit of up to $1,000 remained in place, further bo ...