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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. Tesla is one of many automakers that saw some of its vehicles excluded at the turn of the new year, and only a handful remain across the industry. New rules for the U.S. What are your thoughts?

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

Teslarati

Tesla, Volkswagen, and several other EV manufacturers qualify for the new 2023 U.S. 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. 2023 Tesla Model 3 Rear Wheel Drive.

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Kia looks to secure US federal tax credit for EV9 in 2025

Teslarati

It appears that South Korean automaker Kia is taking some steps to ensure that its EV9 all-electric SUV will qualify for the full $7,500 federal tax credit in the United States next year. By producing the EV9 in Georgia, the all-electric SUV could qualify for a partial EV tax credit.

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Why Tesla Model Y tax credit inclusion is good for some and bad for others

Teslarati

The Tesla Model Y complete lineup was recently added to the IRS list of qualifying vehicles that will give buyers a $7,500 tax credit. ” The Model Y’s five-seat configurations did not reach the weight requirement to be considered SUVs and were put in another category that included “All Other Vehicles.”

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Tesla Model S, Model X, and Model Y receive new round of price adjustments in the US

Teslarati

Tesla has implemented a series of price adjustments to the Model S, Model X, and Model Y. With their price adjustments, the two flagship vehicles and Tesla’s best-selling car have become a bit more affordable for consumers. As observed by Tesla community members, the Model S sedan has received a price cut of $2,000.

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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. Under the new law, only EVs assembled in North America qualify for the credits. Tesla and GM were disqualified since both companies have sold over 200,000 EVs.

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How Do the Electric Vehicle Tax Credits Work?

Blink Charging

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. First, the easy part: How do I claim the $7,500 EV tax credit?