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Volkswagen ID.4 with SK ON battery components eligible for full $7,500 tax credit in 2024

Teslarati

4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal tax credit for electric vehicles. 4 starts with an MSRP of $38,995 for the Standard variant, which has a 62 kWh battery and an EPA-estimated range of 209 miles. 4 with two battery and powertrain options.

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2024 Volkswagen ID.4 82 kWh model qualifies for full federal tax credit

Teslarati

4 82 kWh model qualifies for the Inflation Reduction Act’s (IRA) full federal tax credit. 4 models with SK On components are eligible for the full $7,500 federal tax credit because the updated VW ID.4’s 4’s battery pack will be assembled in Chattanooga, Tennessee. The 2024 Volkswagen ID.4 Volkswagen ID.4

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This Volkswagen EV Now Comes with Full Tax Credit Benefits

The Truth About Cars

Photo credit: Volkswagen Volkswagen has recently announced that their MY23 and the upcoming MY24 models of the ID.4, 4, equipped with SK On battery components, will be eligible for the full $7,500 Federal Tax Credit. 4 models is conditional on future battery production and may be subject to change. 4 The 2023 ID.4

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

Teslarati

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. “The purchase of the BEV Lease is to aid in our goal of delivering carbon neutrality by 2050 by controlling the vehicle battery through its life, keeping it in the Ford network.”

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Just in: The 2025 VW ID.7 electric sedan is coming to the US in two trims

Baua Electric

7 will be made in Volkswagen’s Emden, Germany, factory, so I can’t see it qualifying for the $7,500 Inflation Reduction Act tax credit, the way the ID.4 4 does, which is built in Chattanooga, Tennessee. (VW 7 models will have an 82 kWh battery, 282 horsepower, and 402 pound-feet of torque. The North American market ID.7

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10 Reasons Your Next Car Should Be an EV

Plug in America

This includes all of the resources used in manufacturing the vehicle, the battery, and powering the vehicle. Also, batteries can be reused for other purposes, and the minerals in batteries can be recycled almost infinitely. Thanks to federal regulations, EV batteries are required to be 8 years or 100,000 miles.

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Road Test: 2024 Nissan Leaf SV Plus EV

Clean Fleet Report

The standard Leaf S has a 149-mile all-electric range (AER) with a 40 kWh battery and a 110 kW electric motor producing the equivalent of 147 horsepower (hp) and 236 pound-feet (lb.-ft.) Contact your tax advisor before considering a Leaf purchase so you are completely clear on the tax credits and rebates.

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