Does the BMW i4 Qualify for the Tax Credit?

General
1

Hey everyone,

I’m considering purchasing a BMW i4, but I’m unsure if it qualifies for the electric vehicle tax credit. Has anyone recently purchased an i4 and received the credit?

I’d love to hear your experiences and if there are any specific requirements or limitations to be aware of.

Thanks!

2

No, the new BMW i4 doesn’t qualify for a $7,500 federal tax credit in 2024. To qualify, it would need to be assembled in North America.