The 2024 Nissan Leaf meets the battery component requirements of the Inflation Reduction Act
October 17, 2023 at 17:29
The 2024 Nissan Leaf has become a little more affordable in the United States with confirmation that it can be eligible for a $3,750 federal EV tax credit.
The car manufacturer has confirmed that the Leaf meets the ‘battery component’ requirements of the Inflation Reduction Act as it and its battery are assembled in Smyrna, Tennessee. This makes it eligible for a $3,750 tax credit.
However, Nissan notes that models must be purchased and placed into service by December 31, 2023. Additionally, the customer needs to meet all purchase and income qualifications for the EV tax credit as specified in the Internal Revenue Code. The means gross income for couples cannot exceed $300,000, the income for heads of households must not be above $225,000, and the income for all other filers must not exceed $150,000.
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Read: 2024 Nissan Leaf Charges Ahead With A Higher Price Tag
“For more than a decade, the LEAF has been one of the most attainable electric vehicles on the market,” Nissan U.S. Sales and Regional Operations divisional vice president Judy Wheeler said. “Eligibility for part of the federal EV tax credit puts LEAF within reach for even more customers who are ready to make the switch to an EV.”
The 2024 Nissan Leaf is only eligible for half of the available $7,500 federal EV tax credit because it does not meet the critical minerals requirement for the other $3,750.
The 2024MY EV is available in Leaf S and Leaf SV Plus guises. The entry-level model is equipped with a 40 kWh battery pack driving an electric motor at the front axle with 147 hp and 236 lb-ft of torque. Prices for this model start at $28,140 (excluding the tax credit) and it has an EPA-estimated range of 149 miles (240 km). Those seeking some added performance and range can opt for the Leaf SV Plus with its 60 kWh battery, 214 hp and 250 lb-ft electric motor, and a 212-mile (341 km) range, which starts at $36,190.