2024 Nissan Leaf eligible for $3,750 federal EV tax credit, reducing starting price to $24,390

Nissan has confirmed that the 2024 Nissan Leaf qualifies for a $3,750 federal EV tax credit, making it more affordable for buyers in the United States.

The Leaf meets the ‘battery component’ requirements of the Inflation Reduction Act since it and its battery are assembled in Smyrna, Tennessee. To avail of this tax credit, models must be purchased and put into service by December 31, 2023. Buyers also need to meet the purchase and income qualifications specified in the Internal Revenue Code, with gross income limits set at $300,000 for couples, $225,000 for heads of households, and $150,000 for all other filers.

Nissan’s U.S. Sales and Regional Operations divisional vice president, Judy Wheeler, stated, “For more than a decade, the LEAF has been one of the most attainable electric vehicles on the market. 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 eligible for half of the available $7,500 federal EV tax credit due to not meeting the critical minerals requirement for the other $3,750.

The 2024MY EV is offered in Leaf S and Leaf SV Plus variants. The base model comes with a 40 kWh battery pack powering a front-axle electric motor delivering 147 hp and 236 lb-ft of torque. Prices for this model start at $28,140 (excluding the tax credit) with an EPA-estimated range of 149 miles. Those seeking more 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 range, which starts at $36,190.