Teslarati

JANUARY 2, 2024

As everyone greets the new year, Tesla updated its website according to the Inflation Reduction Act’s (IRA) requirements for the electric vehicle (EV) tax credits. Most of Tesla’s other models—including the Model X—are eligible for the full tax incentives. The Teslarati team would appreciate hearing from you.

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Tax Credit Tax North Korea Iran 114

Green Car Reports

DECEMBER 22, 2023

According to a report citing GM directly, the Chevy Bolt EV will be the only EV from the automaker qualifying for the full EV tax credit from Jan. Yes, that’s a model now out of production and set to be increasingly difficult to find at dealerships in 2024.

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Tax Credit Tax GM Cadillac 176

Electrek

MARCH 6, 2024

Nissan and the IRS announced today that the Leaf has regained eligibility for the federal tax credit for electric vehicles. With now $3,750 in tax credit, the Leaf can start at just $24,400 – making it one of the cheapest EVs in the US.

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Tax Credit Tax Nissan Electric Vehicles 108

Green Car Reports

DECEMBER 27, 2023

car dealerships have not registered to begin offering the federal EV tax credit at the point of sale when that option becomes available Jan. More than 7,000 dealerships have registered with the IRS to offer tax credits of up to $7,500 as point-of-sale rebates, the U.S. Treasury Department said Friday.

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Tax Credit Tax Dealers Sale 143

Green Car Reports

DECEMBER 14, 2023

Tesla expects the Model Y will no longer qualify for the full $7,500 federal EV tax credit in 2024. As noted by Electrek, the Tesla Model Y online configurator now includes a note stating that reductions in the tax-credit amount are "likely" after Dec.

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Tax Credit Tax Tesla 132

Green Car Reports

OCTOBER 9, 2023

The federal EV tax credit will shift to a point-of-sale dealership rebate in 2024, giving customers instant access to the credit, the U.S. Under current rules, buyers can't claim the credit of up to $7,500 for new vehicles and $4,000 for used vehicles until they file their taxes. Effective.

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Electrek

FEBRUARY 21, 2024

After temporarily losing availability for federal tax credits in early January, Cadillac has announced the LYRIQ is once again eligible for the total amount of up to $7,500. Additionally, some previously ineligible LYRIQs will receive a purchase incentive from Cadillac directly.

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Tax Credit Cadillac Tax Purchase 122

Green Car Reports

DECEMBER 4, 2023

The Department of Energy (DOE) on Friday issued proposed guidance on foreign battery content in EVs that could cut the federal tax credit for some models. 1, EVs are ineligible for the federal tax credit of up to $7,500 if they have key battery components. Starting Jan.

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CleanTechnica EVs

DECEMBER 12, 2023

The federal electric car tax credit rules will change on January 1, 2024, leaving some prospective buyers out in the cold. The post Only Ten Electric Car Models Will Qualify For Full Federal EV Tax Credit On January 1, 2024 appeared first on CleanTechnica.

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Tax Credit Tax Electric Cars Cars 139

Electrek

DECEMBER 6, 2023

Ford expects the Mach-E will no longer qualify for the federal EV tax credit. more… The post Ford Mustang Mach-E to lose EV tax credit appeared first on Electrek. If you are thinking about buying Ford’s electric Mustang Mach-E , you may want to do so before the end of the year.

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Tax Credit Tax Ford Buy 122

Blink Charging

JANUARY 11, 2024

The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. The Clean Vehicle Tax Credit for new EVs is worth up to $7,500 and the Previously Owned Clean Vehicle Tax Credit is worth up to $4,000. Here’s what you need to know.

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Green Car Reports

JANUARY 25, 2024

4 electric crossovers on sale now are eligible for the full $7,500 federal EV tax credit, VW confirmed Wednesday in a press release. "Most" 2023 and 2024 Volkswagen ID.4 VW notes in the release that it's the first foreign automaker to qualify under tightened rules relating to battery supply that took effect at the start of the year.

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Electrek

DECEMBER 4, 2023

Tesla has confirmed that it is officially losing half of the $7,500 tax credit on two Model 3 trims starting next year. more… The post Tesla is officially losing half $7,500 tax credit on two Model 3 trims appeared first on Electrek.

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Tax Credit Tax Tesla 142

Electrek

MARCH 7, 2024

The 2024 Honda Prologue, the brand’s first all-electric SUV, qualifies for the full $7,500 EV tax credit. With the added credit, the Honda Prologue hits the “sweet spot,” with starting prices under $40,000. Who says electric cars are too expensive?

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Tax Credit Honda Tax SUV 131

Electrek

MARCH 8, 2024

With drastically lower starting prices, the Blazer EV now starts at just over $50,000 and qualifies for the full $7,500 federal tax credit. The Chevy Blazer EV stop-sale finally ended Friday after almost three months.

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Tax Credit Tax Price Sale 127

CleanTechnica EVs

JANUARY 26, 2024

If you bought a Tesla in 2023 and are looking to get a tax credit from the US government, it. continued] The post Tesla 2023 IRA Document For Tax Credit — How To Get It appeared first on CleanTechnica.

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Tax Credit Tax Tesla Electric Vehicles 89

Teslarati

JANUARY 10, 2024

Tesla models eligible for IRA tax credits in 2024 The loophole lies in the IRA’s tax credit qualifications for commercial vehicles. EVs that qualify for the full $7,500 tax credit must be follow the IRA’s assembly and battery requirements. In fact, Car and Driver wrote about it a year ago.

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Tax Credit Highlander Tax Puerto Rico 126

Green Car Reports

JANUARY 23, 2023

New federal EV tax credit rules have set price caps that are narrowing the field of qualifying EVs; but a leasing loophole is already opening up a much wider field eligible for federal subsidies The Inflation Reduction Act (IRA) re-upped the federal EV tax credit of up to $7,500 for qualifying vehicles.

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Tax Credit Tax Price Cars 172

Green Car Reports

DECEMBER 22, 2022

Treasury Department has delayed release of full guidance on qualifications for the revised federal EV tax credit until March. The IRA re-upped the $7,500 federal EV tax credit and eliminated the previous 200,000-unit cap that a handful of automakers had already reached as of Jan.

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Tax Credit Tax Batteries Battery 158

Electrek

DECEMBER 13, 2023

Tesla announced today that it will lose the entire $7,500 federal tax credit on Model 3 RWD and Long Range, the two least expensive versions of the popular electric car, starting next year. more… The post Tesla announces it will lose entire $7,500 tax credit on base Model 3 trims appeared first on Electrek.

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Tax Credit Tax Tesla Electric Cars 134

Baua Electric

JANUARY 17, 2024

Fewer Tesla EVs now qualify for the $7,500 federal EV tax credit, but for those that do, Tesla is now applying the credit at the time of purchase. The automaker’s website now says that eligible buyers will have the full $7,500 credit applied when they purchase their vehicles. Tesla started warning customers in Dec.

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Tax Credit Tax Purchase Tesla 98

Teslarati

JANUARY 2, 2024

Treasury’s updated guidance on the federal electric vehicle (EV) tax credit has officially taken effect. With some of Tesla’s vehicles losing access to the credit in 2024, one Model 3 configuration is currently looking more appealing than ever. However, sightings of the Model 3 Highland in the U.S.

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Tax Credit Tax Highlander North America 110

Electrek

FEBRUARY 9, 2024

According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. The first Hyundai plant dedicated to building EVs and batteries in the US will be open as soon as this October.

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Tax Credit Hyundai Tax America 145

InsideEVs

FEBRUARY 21, 2024

General Motors changed the sourcing for two minor components to make the electric Caddy regain its tax credit eligibility.

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Tax Credit Tax Cadillac General Motors 99

CleanTechnica EVs

MARCH 16, 2024

federal EV tax credit provided that the customer meets all purchase and income qualifications for the EV tax credit as outlined in Internal Revenue Code Section 30DOpens. continued] The post 2024 Nissan LEAF Regains Eligibility for up to $3,750 EV Tax Credit appeared first on CleanTechnica.

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Tax Credit Tax Nissan Nashville 80

Teslarati

JANUARY 2, 2024

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.

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Tax Credit Tax F-150 PHEV 97

Green Energy Consumers

MARCH 12, 2024

Since you've been engaged with Green Energy Consumers on clean energy upgrades like solar, electric cars, and heat pumps, we wanted to share the basics about claiming federal clean energy tax credits for 2023.

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Tax Credit Tax Clean Cleaning 90

CleanTechnica EVs

JANUARY 2, 2024

Not only are tax credits dwindling. continued] The post Tax Credits Dwindle, Last Call For A $20,000 Chevy Bolt appeared first on CleanTechnica. With the new year rung in, some big changes are happening in the industry.

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Tax Credit Tax Industrial Industry 99

Electrek

OCTOBER 6, 2023

The IRS released new guidance on the EV tax credit today, and the changes mean that starting next year, low- and middle-income buyers will be able to get the full $7,500 credit even if they don’t have enough tax liability.

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Tax Credit Tax 140

CleanTechnica EVs

JANUARY 2, 2024

Not only are tax credits dwindling. continued] The post Tax Credits Dwindle, Last Call For A $20,000 Chevy Bolt appeared first on CleanTechnica. With the new year rung in, some big changes are happening in the industry.

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Tax Credit Tax Industrial Industry 98

Green Energy Consumers

FEBRUARY 7, 2024

Back in December, we wrote about how the rules for what electric vehicles (EVs) qualify for the federal tax credit were going to change in 2024. Those changes did kick in January 2024, but so did new rules about how to claim the federal tax credit that we hadn’t expected.

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Tax Credit Tax Electric Vehicles Vehicles 82

The Truth About Cars

MARCH 6, 2024

The automaker recently announced that its upcoming Prologue EV would be eligible for federal tax credits of $7,500, meaning buyers can get around 15 percent off the SUV’s purchase price at the point of sale. Tax credits bring the Prologue’s starting price down to $41,295 after a $1,395 destination charge.

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Tax Credit Tax Honda General Motors 97

Teslarati

JANUARY 3, 2023

The Internal Revenue Service (IRS) is inviting consumers to share comments on the electric vehicle tax credit qualifications. In December, the IRS announced the vehicles that qualified for the 2023 EV tax credit. The graph below shows which Tesla vehicles qualify for the EV tax credit. Credit: IRS.

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Tax Credit Tax SUV Tesla 144

Electrek

MARCH 19, 2024

If you bought an EV or made electric upgrades in 2023, then use this Rewiring America tool to confirm which Inflation Reduction Act (IRA) tax credits you qualify for.

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Tax Credit Tax America Electric 99

Electrek

DECEMBER 26, 2023

New year, new rules: As of January 1, things are about to get a little easier when it comes to getting your federal tax credit for buying an electric vehicle. more… The post Thousands of auto dealers sign up to offer new on-the-spot tax credit appeared first on Electrek.

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Tax Credit Dealers Tax Auto 128

CleanTechnica EVs

DECEMBER 8, 2023

Earlier this month, Ford announced to dealers that the Mustang Mach-E would be losing access to the tax credits it. continued] The post Ford Mustang Mach-E To Lose Tax Credit in January appeared first on CleanTechnica.

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Tax Credit Tax Ford Dealers 100

Electrek

OCTOBER 24, 2023

Colorado passed a new law that ramped up generous EV state tax credits for both purchases and leases from July 1, and here’s what resulted. more… The post What happened next after Colorado launched its fantastic EV state tax credits appeared first on Electrek.

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Tax Credit Colorado Tax Purchase 122