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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. However, dealers are much less likely to educate you about the fine print that may prevent you from accessing the full $7500 credit. Here’s a step-by-step guide to making an educated decision about electric car tax credits.

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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

In this article, we’ll examine some of the new changes to the federal clean vehicle tax credit , how they are affecting vehicle and driver eligibility, and what that means for drivers looking to purchase their first electric vehicle. Which Electric Vehicles Still Qualify for the Tax Credit?

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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

However, dealers are much less likely to educate you about the exceptions that may prevent you from accessing the full $7500 credit. Personalize Your EV Tax Credit. Want to skip the reading and personalize your EV tax credit based on your vehicle, zip code, and income? Only North America made Volkswagen ID.4 4 models qualify.

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The EV Transition Explained: Converting Gasoline Superusers

Cars That Think

Then there is the willingness of hundreds of millions of ICE vehicle drivers the world over to alter their personal behaviors, lifestyles, and for many their livelihoods, to reduce greenhouse gas emissions. gasoline superusers drive Ford’s F-Series pickups. million Ford F-Series gasoline superuser pickup drivers in the U.S.

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Convincing Consumers To Buy EVs

Cars That Think

Ford’s cheapest F-150 Lightning Pro is now $57,869 compared to $41,769 a year ago due to what Ford says are “ongoing supply chain constraints, rising material costs and other market factors.” The entry level F-150 XL with an internal combustion engine has risen in the past year from about $29,990 to $33,695 currently.

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