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Zero EVs May Qualify For the Federal Tax Credit Under the Inflation Reduction Act Requirements

EV Adoption

On Thursday, August 4 Senator Kyrsten Sinema, the Democrat from Arizona, who previously said she would not support the IRA, got a change she wanted in the Act and said she would now vote for its passage. By my initial analysis, those two provisions would disqualify roughly 70% of all EVs from the tax credit.

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Everyone’s EV

Electric Auto Association

To spread that message, she chose to purchase a new Chevrolet Bolt. “My Fellows set out to purchase the new car in December, when, like now, EVs were difficult to come by. “I We can’t allow the dealers to pull this on buyers. Buyers should be wary of these dealers,” she added. They have a lot of tricks up their sleeves.

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Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

As of June 15, 2022, Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning.

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Blink’s 2023 Year in Review

Blink Charging

In February, Blink teamed up with Hertz to provide free EV charging to Hertz customers in Phoenix, Arizona during the big game weekend. Like the tax credit for new EVs, the used EV tax credit included an AGI cap and must be sold by a licensed dealer.

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News: 2023 Genesis Electrified GV70 AWD

Clean Fleet Report

Building in America helps the GV70 EV to be eligible for key federal purchase incentives, gives better control over production, reduces transportation challenges and, for team members, creates a sense of pride. The last one is no small thing. The Electrified GV70 comes in two trim levels.

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