A$-1.$ Marcus is considering purchasing an electric vehicle $($EV$)$ and has heard about the new option to transfer the electric vehicle tax credit to dealers, aiming to reduce the upfront cost. He's intrigued by the potential savings and the environmental benefits of EVs. To ensure he fully benefits from this provision, Marcus wants to understand how it impacts his tax return. Which of the following statements is correct regarding the electric vehicle tax credit in $2024?$

Taxpayers can claim the electric vehicle tax credit only if they retain ownership of the vehicle for at least five years.

The electric vehicle tax credit is available to all taxpayers, regardless of income level, without any phase$-$out.

Taxpayers have the option to transfer the electric vehicle tax credit to the dealer at the point of purchase, efiectively reducing the car's upfront cost.

The electric vehicle tax credit can be claimed for used vehicles purchased from private sellers.