Electric Vehicle Rebate 2024 Income Limit. Ev tax credit income limit in order to claim the ev tax credit, your modified adjusted gross income (magi) must fall below certain limits. To claim a federal tax break on your favorite qualifying electric vehicle in 2024, your modified adjusted gross income (agi) must not exceed $150,000 (single), $225,000 (head of household),.

1, 2024, to take the ev tax credit as a discount at the point of sale when you purchase the vehicle. However, her modified agi from the year before (2022,.