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Which EVs Still Qualify for Federal Tax Credits?

The Truth About Cars

And here are the models that managed to qualify for one of the $3,750 credits: Ford Escape PHEV (2022-23); Ford Mustang Mach-E (2022-23); Ford E-Transit (2022-23); Grand Cherokee Plug-in Hybrid 4xe (2022-23); Jeep Wrangler Plug-in Hybrid 4xe (2022-23); Lincoln Corsair Grand Touring (2022-23); Tesla Model 3 Standard Range Rear-Wheel Drive (2022-23).

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81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. Applicants can receive a non-refundable tax credit of up to $7,500 on the purchase of any of the eligible vehicles listed under the IRA. Critical minerals.

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New EV electric car calendar

EV Central

Alfa Romeo Tonale – the Italian brand finally has a rechargeable car in its ranks in the form of the Tonale PHEV compact SUV. Aston Martin DBX PHEV and EV – electrified versions of AM’s first SUV on the cards. No surprises there are promises of big performance for a PHEV due late in 2022 or early 2023.

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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

Probably the most needed and least controversial proposed change is the elimination of the phaseout of the tax cap that begins in the quarter after a manufacturer sells 200,000 BEVs or PHEVs in the US. The credit is not available for Tesla vehicles acquired after December 31, 2019 and General Motors EV purchased after March 31, 2020.