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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

However, dealers are much less likely to educate you about the exceptions that may prevent you from accessing the full $7500 credit. Watch out for car dealers who use phrases like ‘we guarantee you can get you the full $7500 tax credit.’ The tax credit depends on the manufacturer you choose and vehicle battery. Not listed.

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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

However, dealers are much less likely to educate you about the fine print that may prevent you from accessing the full $7500 credit. Watch out for car dealers who use phrases like ‘we guarantee you can get you the full $7500 tax credit.’ Not listed.

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The Clean Vehicle Credit Is A Confusing Mess

EV Adoption

Hailed as a huge win for auto manufacturers, car dealers, and consumers, the Clean Vehicle Credit (CVC) which is part of Inflation Reduction Act (IRA), at least for now is a confusing, hot mess for everyone involved. And with Ford, the Escape PHEV is classified as an SUV, but the Lincoln Corsair PHEV which is based on the Escape, is not.

Clean 52
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Ford ups its electrified vehicle ante to $11B; 86% trucks and SUVs in the product mix by 2020

Green Car Congress

That money will go toward: Next-Gen Hybrid Electrics: Part of Ford’s new strategy includes going all-in on hybrids to bring more capability to customers of our most popular and high-volume vehicles like F-150, Mustang, Explorer, Escape and Bronco. Ford’s new hybrids will offer customers more space than today’s hybrids.

F-150 150
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EV Tax Credit: 19 EVs that still qualify in 2022 under the Inflation Reduction Act

EV Life

However, once launched, this will also require car dealers to see value in registering and filling out paperwork with the IRS for every vehicle. Not listed. The Inflation Reduction Act aims to make EV tax credits available to qualified buyers as a point-of-sale discount at car dealerships starting in 2024.

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Here’s every electric vehicle that currently qualifies for the US federal tax credit in 2024

Baua Electric

This “transfer” is essentially the ability of a new EV buyer to give the tax credit to the dealer selling them their shiny new EV. In exchange, the dealer can give the equivalent “in cash or in the form of a partial payment or down payment.” The only requirement that this update allows you to avoid is your tax burden.

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Ford Crew Chief telematics system can improve fuel economy by up to 20% through better fleet management

Green Car Congress

Crew Chief was developed by Ford Motor Company in response to commercial customer demand for a system that would allow fleet managers to monitor the location of the trucks in their fleets. The system can be factory- or dealer-installed, and once installed, automatically engages every time the vehicle is used.