In a press release on October 16, Nissan revealed that the 2024 Nissan Leaf (pictured above) is now eligible for a federal EV rebate of $3,750. This credit, which is half of the maximum amount of $7,500, will be available to anyone who purchases and starts driving a 2024 Leaf before December 31, 2023.
Nissan has stated that the Leaf meets the requirements of the Inflation Reduction Act (IRA) for a $3,750 credit based on the “battery content” criteria. The IRA rewards automakers for making their EV batteries in the United States. Nissan’s batteries are manufactured at a facility in Smyrna, Tennessee.
However, the Leaf does not qualify for the full rebate amount. This is due to the Leaf’s failure to meet the IRA’s additional rules related to the sourcing of battery raw materials.
Although Nissan has obtained certification for the 2024 Leaf’s rebate eligibility, there is no indication that this certification applies retroactively to the 2023 models. The price of the Leaf for the 2024 model year has been increased by $340. This results in a starting price of $29,235, according to Green Car Reports.
Despite its price increase, the 2024 Nissan Leaf remains one of the most affordable EVs on the market, especially with the impending departure of the Chevrolet Bolt EV and EUV.
In addition to qualifying for the federal rebate, Leaf buyers could qualify for state government rebates as well.
It’s worth noting that the Leaf is the only one among Nissan’s EV offerings that uses the CHAdeMO fast-charging standard for road trips. The Ariya and future EVs will adopt the Tesla North American Charging Standard (NACS) connector. The Leaf’s lack of access to the NACS connector is widely considered to be a disadvantage.
Although the Ariya won’t be manufactured in the US, Nissan plans to produce an “elevated” sedan in Mississippi beginning in late 2025. This vehicle could potentially replace the Maxima.
The Mississippi vehicle is expected to qualify for at least $3,750 in federal EV rebates thanks to its use of US-sourced batteries.
Image Source: Nissan Electric, https://shorturl.at/bEV19