article thumbnail

Tesla’s move to Texas labeled ‘betrayal’ of California, a way to escape paying taxes

Teslarati

Additionally, a commonly spread myth about all billionaires attempting to avoid paying taxes is also being thrown into the mix, further adding fuel to a fire that doesn’t really need to exist. Musk has responded to inquiries in the past about his taxes, stating that most of his net worth is tied up in Tesla stock. Probably not.

Escape 145
article thumbnail

These are the EVs that still qualify for the $7,500 tax credit in 2024

Teslarati

electric vehicle (EV) tax credit have taken effect, significantly limiting the number of qualifying options in 2024. Despite the list of qualifying EVs getting shorter , the 2024 guidance also lets sellers offer the rebate at the point of sale , rather than buyers being forced to wait until doing their taxes. New rules for the U.S.

article thumbnail

Confused about the federal tax credit? 

Electric Auto Association

Know which EVs are eligible Chrysler Pacifica Plug-in Hybrid The Inflation Reduction Act of 2022 changed the rules for the US tax credit for electric vehicles (EV) purchased from 2023 to 2032.

article thumbnail

Tesla, VW and several other EVs that qualify for the new 2023 US EV tax credit

Teslarati

EV tax credit. The Internal Revenue Service (IRS) announced the vehicles that qualify for the 2023 EV tax credit. federal tax credit includes EVs made by fourteen manufacturers. 2022-2023 Ford Escape Plug-In Hybrid. Tesla, Volkswagen, and several other EV manufacturers qualify for the new 2023 U.S. 2022, 2023 Rivian R1S.

article thumbnail

DOE publishes list of EVs eligible for new tax credit

Teslarati

Department of Energy’s Alternative Fuels Data (DOE) published a list of electric vehicles that are immediately available for the new $7,500 EV tax credit. Ford Escape PHEV. The post DOE publishes list of EVs eligible for new tax credit appeared first on TESLARATI. BMW 3-series Plug-In. Chrysler Pacifica PHEV.

article thumbnail

Which EVs Still Qualify for Federal Tax Credits?

The Truth About Cars

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify.

article thumbnail

These 5 Plugin Vehicle Models Would Benefit Most From Proposed US EV Tax Credit Update (Chart)

CleanTechnica EVs

As we reported recently, there’s a big cleantech bill moving through the US Congress that would revive, extend, and expand the zero-emission vehicle tax credit in various ways.