article thumbnail

Volvo EX30 debut, base Model 3 tax credit, plugging in PHEVs: Today’s Car News

Green Car Reports

Base Standard Range versions of the Model 3 are eligible for more EV tax credit money than they were last week. And the Volvo EX30 EV aims for the $35,000 mark from the start. The Volvo EX30 EV will start around. Plug-in hybrid drivers likely aren’t plugging in as much as the EPA has been assuming.

article thumbnail

Report: Feds to formalize foreign entity rules for EV tax credit

Baua Electric

Treasury Department could issue clarifications on federal EV tax-credit eligibility rules as early as Friday, reports Transport Topics. does not have friendly trade relations with would not qualify for a $7,500 federal tax credit. But these could still limit the number of vehicles that qualify for the federal tax credit.

article thumbnail

Ford’s simplified EVs, tax-credit price cap clarity, small VW EV for US: Today’s Car News

Green Car Reports

Shoppers get some clarity on tax-credit price caps and SUVs like the Tesla Model Y. Volvo aims more EVs for China. VW reportedly approved a smaller EV for the U.S. And Ford is aiming to keep it simple and scale up with its EVs. Sound familiar? This and more, here at Green Car Reports.

article thumbnail

Podcast: Tesla NACS wins, Model 3 full $7,500 tax credit, Volvo EX30, more

Electrek

On the Electrek Podcast , we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss Tesla’s NACS surprisingly wining the charging standard war, Model 3 getting the full $7,500 tax credit, the unveiling of the Volvo EX30, and more.

article thumbnail

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. The full list of EV models eligible for the new and updated $7,500 U.S. 2022 Volvo S60 (PHEV).

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. Sign up for our newsletter. Email Address Sign Up We respect your privacy. Thank you!

article thumbnail

GM is giving a $7,500 incentive on EV models that lost tax credit eligibility

Baua Electric

GM is offering a $7,500 incentive for EVs that lost eligibility for the EV tax credit. GM to give $7,500 incentive for non-qualifying EVs Two weeks ago, GM said the new Chevy Blazer EV and Cadillac Lyriq would lose eligibility for the US EV tax credit at the beginning of 2024.