As electric vehicles become increasingly popular, the availability of federal tax credits for purchasing them plays a significant role in making them more affordable for consumers. The 2024 Nissan Leaf is one such electric vehicle that is once again eligible for a $3,750 federal EV tax credit, as confirmed by Nissan in a recent press release. This credit effectively reduces the price of the Leaf to $25,485 for many households, making it a more attractive option for those looking to go green.
### Eligibility for Federal EV Tax Credit
Nissan had previously announced that the 2024 Leaf models would qualify for the tax credit through December 31, 2023, under the “battery component” requirement of the Inflation Reduction Act (IRA). The Leaf qualifies for the credit because both the car and its battery pack are assembled in Smyrna, Tennessee. However, the other $3,750 of the credit is based on the origin of critical mineral content, which Nissan does not qualify for. This has resulted in a shorter list of 2024 EVs that are eligible for the federal tax credit.
### Lease Incentives and Model Updates
In addition to the federal tax credit, Nissan is also offering a $3,750 lease incentive for both 2024 and 2023 Leaf models. The 2024 Leaf has essentially remained unchanged from the previous year, with two models and the base Leaf S offering a range of 149 miles. There were minor updates for the 2023 model year, with battery chemistry and aero tweaks resulting in improved efficiency.
### Future of the Nissan Leaf
Despite the current availability of tax credits for the 2024 Nissan Leaf, there are questions about the future of the model. Nissan has hinted at a replacement for the Leaf, potentially inspired by the Chill-Out concept showcased in 2021. However, the automaker has not provided a timeline for its release in the United States, and it remains uncertain if there will be a 2025 Leaf model to bridge the gap to its successor.
### Conclusion
The 2024 Nissan Leaf’s eligibility for a federal EV tax credit of $3,750 makes it a more affordable option for consumers interested in purchasing an electric vehicle. With a competitive price point and incentives like lease discounts, the Leaf remains a popular choice in the EV market. As Nissan looks towards the future with potential updates and replacements for the Leaf, it will be interesting to see how the model evolves to meet the changing demands of electric vehicle enthusiasts.