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3 Top-Rated EV Charging Stocks Wall Street Analysts Are Loving Now: January 2024
BLNKBlink(BLNK) InvestorPlace·2024-01-16 15:44

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,regardlessoftheirtaxliability.Thismoveisagame−changer,asitexpandstheaccessibilityofthetaxcreditandaimstoincentivizetheadoptionofEVcars.Also,theEVchargingequipmenttaxcreditofupto7,500, 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 ...