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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates

EV Life

Buying a new car is one of the most significant purchases you’ll likely make in your life, so you want to make sure you’re getting the best deal available. The EV tax credit outlined in the Inflation Reduction Act of 2022 is non-refundable, meaning it can only be applied to money you already owe in the tax year you purchase your vehicle.

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Nine EVs that lease for under $400/month: Ioniq 5, Solterra, Niro, Ioniq 6, more

Baua Electric

Hyundai IONIQ 5 (left) and IONIQ 6 (right) at Tesla Supercharger (Source: Hyundai) There’s a loophole in the stricter IRA federal tax credit that only applies $3750 rebates on North American-built cars and separately $3750 on domestic batteries. Case in point – Winn VW in the Los Angeles area has an ID.4

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News: 2023 Genesis Electrified GV70 AWD

Clean Fleet Report

Genesis showed a pre-production 2023 Electrified GV70 at the 2022 Los Angeles Auto Show. The philosophy of quality and expectations need to be met, as Genesis is an unknown entity to much of the car buying public. The Electrified GV70 comes in two trim levels.

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Flash Drive: 2024 Acura ZDX Type S

Clean Fleet Report

inch horizontal color touchscreen display that houses the 18-speaker Bang & Olufsen premium audio system with wireless Android Auto and Apple CarPlay. But consumers shopping for a performance EV, like it or not, this sprint speed just may be their pacing item for what to buy. Hyundai Ioniq 5 N at 3.1 at seconds, Kia EV6 GT at 3.6

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Honda, Acura neatly situated in 2023, says American Honda’s Mamadou Diallo

Baua Electric

The American client could be very emotional and desires to peer the product and purchase it immediately, however COVID educated shoppers to be ok with striking an sequence and looking ahead to their car instead than buying groceries from stock in a broker’s quantity. To me that’s a weighty trade. to transition to creating EVs.

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Volvo XC40 Recharge and Polestar 2: EV cousins offer different takes on “premium”

Charged EVs

Best of all, Volvo has handed over its dashboard and infotainment software to Android Auto. Those are Los Angeles, New York City and the San Francisco Bay Area. Under current rules, that means up to 200,000 Polestar vehicles will be eligible for the full $7,500 federal income-tax credit. Android above all else.

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Want a Free Chevy Bolt? EV Life Can Help You Use EV Incentives to Save Big

EV Life

What’s more, the Bolt EV is eligible for a variety of federal and state tax credits, rebates, and incentives that can potentially bring the price down to zero for qualifying drivers. Applicants can receive a non-refundable tax credit of up to $7,500. Don’t expect much help from car dealerships.