Even though the 2024 Nissan Leaf starts at $29,280, that price drops to less than $26,000 with the government EV tax credit. Nissan announced today that the Leaf can again get the $3750 bonus because the battery parts meet government standards. With this statement, the Leaf’s already low price makes it the cheapest new electric car in the US, even cheaper than the $32,000 Mini Cooper SE. There is only one new electric car available in the US right now, and it costs around $30,000. The 2024 Nissan Leaf, which starts at $29,280, wins first place. Today, Nissan made the announcement that the Leaf is eligible to get the federal electric vehicle tax credit of $3,750. This means that the small electric car can now be bought for less than $26,000. Leaves that count There is a catch, though: Nissan says the Leaf type must have been made in 2024 and bought before March 6 to be eligible. The buyer must also meet all the requirements set out in the Inflation Reduction Act to get the discount. We’ve made a summary of how EV tax credits work to help you understand them. Before December 31, the Nissan Leaf could get half of the $7,500 federal incentive. However, this deal ended on December 31. For this reason, the business had to make sure that the battery parts it uses meet IRA standards. We are now done with this. At the moment, only ten electric 2024 models can get a government credit in the US, and only seven of those can get the full $7,500. One of those cars is now the Leaf. Cost compared to other EVs is a good deal You can use a calculator to find out that after the government rebate, a new 2024 Nissan Leaf can cost as little as $25,530. That costs a lot less than a 2024 Mini Cooper SE, which starts at $31,895 and doesn’t qualify for federal tax breaks. Both the Chevy Bolt EV and the EUV have been taken off the market, leaving only the Leaf. After the Mini, the 2024 Hyundai Kona Electric is the next least expensive new electric vehicle. It starts at $34,050, but you can’t get a tax break for buying it. The next car is the new Fiat 500e. It will cost $34,095 when it goes on sale in a few months. Even though it was built in Italy, it has yet to be said if it is for tax credits. When it comes to the Tesla Model 3, which starts at $41,000, the $7,500 credit is now only available for the Performance model, which is about $55,000 more expensive.
