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Nissan Sakura EV review, EV tax credit goes point-of-sale, battery recycling: Today’s Car News

Green Car Reports

EV shoppers will soon need to ask the dealership some tough questions about the tax credit. And a drive in a very small EV reminds us what America is missing about them. This and more, here at Green Car Reports. EV battery recycling is already booming in China. In scaling up EV sales, is smaller still better?

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Tesla Model 3 Highland leases qualify for IRA tax credit loophole

Teslarati

The Tesla Model 3 Highland was recently launched in North America. In fact, Car and Driver wrote about it a year ago. Tesla models eligible for IRA tax credits in 2024 The loophole lies in the IRA’s tax credit qualifications for commercial vehicles.

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Volkswagen confirms most MY23 and MY24 ID.4s are eligible for full $7,500 Federal Tax Credit

Electric Cars Report

Volkswagen of America announced that the MY23 Volkswagen ID.4 4 models (when released with SK On components) that are placed in service in 2024 will be eligible for the full $7,500 Federal Tax Credit on a purchase by a qualifying purchaser, making the ID.4 Volkswagen of America announced that the MY23 Volkswagen ID.4

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Inflation Reduction Act mandates escalating battery critical mineral requirements to qualify for EV tax credit

Green Car Congress

The Inflation Reduction Act , which the Senate passed last week, revamps the electric vehicle Federal tax credit of $7,500 ( earlier post ). Among the changes are an extension of the tax credit through 2032, the removal of the unit-sales cap of 200,000 per OEM, and a new mandate for qualified cars being assembled in North America.

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Cars assembled outside NA may qualify for EV tax credit, per new IRS note

Electrek

The US Treasury has released new guidelines on the electric vehicle tax credit in the Inflation Reduction Act , which seem to suggest that leased vehicles can qualify for the EV tax credit even if they were assembled outside of North America, Reuters reports.

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Tesla price cut: Model Y undercuts Model 3 by $5,000 with tax credit

Baua Electric

Both are eligible for the $7,500 EV tax credit, cutting the effective price for many households to just $37,130 and $42,130 respectively. The Model 3 also doesn’t qualify for the EV tax credit. In addition, the base Model Y RWD now undercuts the base Model 3 by $5,000 for the tax-credit-eligible.

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2024 Nissan Leaf gets $3,750 EV tax credit back

Baua Electric

The 2024 Nissan Leaf is once again eligible for a $3,750 federal EV tax credit, Nissan confirmed Wednesday in a press release. This credit—half the maximum amount of $7,500—effectively cuts the price of the Leaf to $25,485 for many households. Nissan also provides a $3,750 lease incentive for 2024 and 2023 Leaf models.