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This Volkswagen EV Now Comes with Full Tax Credit Benefits

The Truth About Cars

Photo credit: Volkswagen Volkswagen has recently announced that their MY23 and the upcoming MY24 models of the ID.4, 4, equipped with SK On battery components, will be eligible for the full $7,500 Federal Tax Credit. that qualifies for the full Federal Tax credit. This development makes these models of the ID.4,

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Tesla to bring LFP battery supply chain to US – Bloomberg News – ET Auto

Baua Electric

This year, Tesla’s cheapest cars, the Model 3 compact sedan, lost tax credits for the purchase of EVs under the Inflation Reduction Act. The move comes as regulation in the United States curtails companies from depending on countries such as China to source materials used in batteries such as nickel, cobalt and lithium.

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Tesla Model 3 receives full EV incentives with new loophole

Teslarati

To give some important context, currently, only six vehicles qualify for the full $7,500 EV incentive in the United States. Bloomberg notes that, due to this new loophole, Ford’s credit division now believes a record number of its EVs will be acquired through lease instead of a traditional purchase.

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New tool shows which used EVs qualify for federal tax incentives

Teslarati

A new tool released by Recurrent Auto shows car buyers which used EVs qualify for federal tax incentives based on a simple VIN search. As electric vehicles have become ever-more popular in the United States, so has the market of used EVs. What do you think of the article? This eligibility tool makes it much easier.

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Progress! IRA signed into law

Electric Auto Association

EV provisions The legislation creates a new and used EV tax credit, extending the tax credit on some new EVs to 2032 while shifting tax incentives to more affordable models that are manufactured in North America. This will support millions more low- and middle-income families than the original credit.

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How to Navigate EV Charging Rebates and Successfully Fund Your Home Charging Station

EV Match

In this follow-up to our article covering commercial incentives from last month, we’ll explore some of the rebates that can help you bring EV charging home on the cheap. According to the United States Department of Energy, 80% of EV charging occurs overnight at drivers’ homes, which isn’t all that surprising.

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Communities Of Color Are Struggling With Air Pollution But Unable To Reap The Benefits Of EVs

Get Electric Vehicle

In developed countries like the United States, transportation is the leading source of global warming emissions, with light-duty passenger vehicles and trucks contributing most of the pollution.  To be eligible for the federal EV tax credit, which was recently extended, you must have a particular level of tax due.