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Which EVs Still Qualify for Federal Tax Credits?

The Truth About Cars

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. Formerly eligible models from BMW, Audi, Volkswagen, and Volvo have been bumped off the list.

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BMW is Willing to Pay to Attract Customers from Other EV Brands

The Truth About Cars

Cars Direct reported that the BMW 2024 BEV Conquest Program includes several other brands, including Audi, Mercedes-Benz, Polestar, Porsche, Rivian, and Lucid. While not currently eligible for federal tax credits, BMW’s EVs can be leased to receive the $7,500 discount others get. Ford Mustang Mach-E and VW ID.4

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Rivian Will Give You a Discount to Trade In a Gas Vehicle for a New R1 Model

The Truth About Cars

At around $70,000 to start, the brand’s R1T pickup and R1S SUV are out of reach for most buyers, even after the $3,750 federal tax credits for some models. Rivian sells two compelling EVs that have garnered a good deal of happy customers, but they’re far from affordable.

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The 2021 Audi Q4 Sportback e-tron 4-door, 5-passenger EV coupe crossover is here!

Current EV

One of the most successful German-engineered luxury automotive brands, Audi AG delivered about 1.845 million vehicles globally in 2019. Audi sold just over 224,000 vehicles in 2019 and launched the brand’s first fully electric vehicle, the Audi e-tron – one of four fully electric models coming to the U.S. In the U.S.,

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Report: Tesla Readying New Model 3 Performance

The Truth About Cars

At the same time, the new car lost tax credit eligibility and its place as a compelling, affordable EV as a result. That said, the car is still less expensive than some competitors, including vehicles from BMW, Mercedes-Benz, and Audi. Image: Tesla] Become a& TTAC insider.

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Why communication is key to accelerating electrification

My Energi

Mercedes-Benz, Chrysler, Fiat, Peugeot, Citroën, Jaguar, Volvo, Ford, Audi and Volkswagen, for example, have already cut funding for ICE models, [3] while almost every other OEM aims to offer an exclusively electric line-up before 2030. worth it for lower running costs, significant tax advantages and the added environmental benefits?

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How New Eligibility Criteria for the Electric Vehicle Tax Credit Affects You

Blink Charging

Opting for an electric vehicle and leveraging the EV tax credit to help with your next electric vehicle purchase is a smart move. This tax credit is applicable to qualifying clean vehicles placed into service within the current year, and it’s claimed in the year you take delivery. free-trade agreement partner country.