Teslarati

APRIL 29, 2023

The Tesla Model 3 now qualifies for the full $7,500 EV incentive thanks to a new loophole in the tax incentive system. This includes some trims of Tesla Model 3 and Model Y , Chevy Bolt/Bolt EUV, Ford F-150 Lightning, Cadillac Lyriq, and Volkswagen ID.4. The loophole identified by Bloomberg’s newest report is leasing.

Tesla 96

Tesla Tax F-150 Tax Credit 96

Clean Fleet Report

JUNE 4, 2022

The intention is to make the company’s two electric car offerings more attractive to consumers, especially those that are looking for an affordable alternative to a gasoline-powered car. Chevrolet announced this week that its 2023 Bolt EV and Bolt EUV are going to get major drops in price. Same car, less cost. Bolt EV $26,595 ($32,495).

Chevrolet 93

Chevrolet Price Tax Credit 2020 93

EV Adoption

AUGUST 23, 2021

One of the proposed changes to the federal EV tax credit that has flown a bit under the radar is also one of the most political and protectionist in nature. Effective January 1, 2022, electric vehicles with final assembly* (see definition at the end) in China would no longer qualify for IRC 30D (federal EV tax credit).

Tax Credit 52

Tax Credit Tax Chinese Volvo 52

Baua Electric

MAY 4, 2024

2024 Jeep Gladiator GM’s Cadillac luxury brand might not go all-EV by 2030 as previously said. Matchbox Mercedes-Benz G 580 with EQ Technology premium die-cast And while last week marked the debut of the 2025 Mercedes-Benz G 580 with EQ Technology—the electric G-wagen to the rest of us—this week a more affordable version arrives.

Acura 52

Acura Jeep Plug-in Hybrid 52

Baua Electric

MAY 2, 2024

By January 2024, we got official pricing, which was a bit higher than initially promised unless you include the maximum federal tax credits available in the US, which this model should qualify for. Overall, I think the ZDX is an excellent start for the brand, but it doesn’t scream 100% Acura because it really isn’t.

Acura 52

Acura Honda Miles Price 52

EV Adoption

AUGUST 4, 2022

Additionally, the IRA could actually receive enough votes to pass, but not without potentially several significant changes — including to some of the EV tax credit requirements. By my initial analysis, those two provisions would disqualify roughly 70% of all EVs from the tax credit. Other EV Tax Credit Changes in the IRA.

Tax Credit 98

Tax Credit Tax North America America 98

EV Life

SEPTEMBER 2, 2022

The passage of the US Inflation Reduction Act includes nearly unlimited funding for a $7500 EV tax credit on new EVs through 2032. In the long term, the Inflation Reduction Act promises to accelerate electric car affordability for millions of Americans, the next couple of years are going to be a challenge. 2022 EV Tax Credits.

Tax Credit 64

Tax Credit Tax Personal PHEV 64

EV Adoption

NOVEMBER 26, 2021

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

Tax Credit 116

Tax Credit Tax F-150 PHEV 116