The Truth About Cars

FEBRUARY 1, 2024

According to the 2024 Dealer Outlook Survey, 83 percent of respondents said the government was pushing the transition toward EVs too quickly and mucking up the auto market. About half of all dealerships also said they never bothered to register with the IRS to more easily facilitate EV tax credit exchanges.

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Dealers Auto Durango Tax Credit 105

Baua Electric

MARCH 28, 2024

Kia expects the EV9 will qualify for the full $7,500 EV tax credit by early next year. Kia America’s head of corporate communications, James Bell, told Nikkei that moving EV9 production to its West Point, GA plant will enable it to qualify for a part of the EV tax credit. FTC: We use income earning auto affiliate links.

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Tax Credit Kia Tax Production 52

Blink Charging

APRIL 13, 2023

Usually when discussing federal electric vehicle tax credits in the United States , most people are referring to the Clean Vehicle Credit (formerly the Qualified Plug-in Electric Drive Motor Vehicle Credit) for new EVs. But that’s not the only federal tax credit for buying an EV.

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Tax Credit Tax Clean Cleaning 95

Baua Electric

JANUARY 3, 2024

GM is offering a $7,500 incentive for EVs that lost eligibility for the EV tax credit. GM to give $7,500 incentive for non-qualifying EVs Two weeks ago, GM said the new Chevy Blazer EV and Cadillac Lyriq would lose eligibility for the US EV tax credit at the beginning of 2024. 4, Ford Mustang Mach-E, and Nissan LEAF.

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Tax Credit Tax GM Cadillac 52

Baua Electric

FEBRUARY 9, 2024

According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. With a $7,500 tax credit on the line, Hyundai has pulled the timeline forward as quickly as possible. Munoz said EVs produced at the new plant will qualify for the tax credit.

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Tax Credit Hyundai Tax Kia 52

Baua Electric

JANUARY 24, 2024

4s will qualify for the full US EV tax credit in 2024 – here’s the lowdown on eligibility. 4s with US-manufactured SK On battery components placed in service in 2024 will be eligible for the full $7,500 federal tax credit. Click here to find a local dealer that may have the Volkswagen ID.4 VW 2023 and 2024 ID.4s

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Tax Credit Tax Solar Georgia 52

CleanTechnica EVs

NOVEMBER 3, 2021

So, I may be getting ahead of myself by discussing upcoming EV tax credits. As currently written, they’d give GM and Tesla buyers access to the tax credits again, but give US-made and […].

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EV Life

JUNE 29, 2023

The bill puts forth several measures aimed at advancing decarbonization in the state, including tax credits for industrial facilities to implement emission-reducing improvements, new spending for geothermal energy projects and geothermal electricity generation, the construction of sustainable aviation fuel production facilities, and more.

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Tax Credit Colorado Tax Electric Vehicles 52

Baua Electric

JANUARY 3, 2024

You can score a 2023 Chevy Bolt EV for under $20,000 with new IRS rules allowing you to use the tax credit as a down payment. You can buy a Chevy Bolt EV for under $20,000 Rather than waiting until next year’s tax return, you can now use the EV tax credit at the point of sale. But you may want to act fast.

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Tax Credit Tax GM Buy 52

The Truth About Cars

JULY 12, 2023

We’ve been hearing about the rise of electric vehicles for years, but while they are growing rapidly in number, there’s still a disconnect between an auto industry hell-bent on electrification and the desires of the people they rely on to buy new cars.

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Dealers Tax Credit Gas-Electric Auto Industry 98

EV Life

APRIL 7, 2023

In this article, we’re going to show you how California residents can save over $15,000 on Tesla Model 3 and Model Y by taking advantage of available EV tax credits, rebates, and incentives. Any unused funds are not available as a refund or to be used on the following year’s taxes. Not anymore.

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Tax Credit Tax Tesla Purchase 52

Baua Electric

FEBRUARY 1, 2024

Ford F-150 Lightning (Source: Ford) A strong majority of car dealers complain the US government’s strategy is bringing them too fast into the electric vehicle future. The concerns about dealers have proved warranted. 83 percent of the dealers surveyed said that they believe the federal government is pushing them into EVs too fast.

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Dealers Future F-150 Tax Credit 52

Baua Electric

FEBRUARY 28, 2024

REE has initiated customer deliveries of the first batch of P7-C demonstration trucks for multiple fleet evaluations in North America via its dealer network. US dealer Pritchard EV is the first to receive the P7-C demonstration truck for a road show with its large fleet customers.

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Tax Credit Charging North America Dealers 52

CleanTechnica EVs

NOVEMBER 3, 2021

This is the second part of a two-part article. You can find Part 1 here. Running The Numbers I can’t know the exact figures for the ID.4 4 in my example in Part 1, but I’ll assume $750 for the transport and assume there are no state or local incentives (but be sure to check on […].

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Tax Credit Parts Dealers Tax 84

Teslarati

JANUARY 8, 2024

This figure was not far from the $48,759 considered to be the average price of an ICE vehicle in the same month Following Tesla’s lead, the rest of the auto industry saw an average EV sticker price of $50,798, showing a similar downward trend throughout the year.

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Price Market Tesla Tax Credit 115

EV Connect

FEBRUARY 8, 2024

Leading auto dealers see that the near-term trend is electric and are adopting their businesses to sell more EVs. According to data from iseecars.com, Non-Tesla new car dealers selling electric vehicles in the U.S. Like GM, dealers that make the move today are setting themselves up to remain competitive moving forward.

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Charging Dealers Cars Tax Credit 87

Teslarati

JULY 11, 2023

A survey from Cox Automotive estimates that electric vehicle sales in the US auto market could surpass 1 million units for the first time in 2023. For context, dealers have about 54 days’ worth of inventory for gasoline-powered cars. Electric cars currently account for about 6.5% of the country’s automotive sector.

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Tax Credit Hummer Highlander Tesla 145

EV Life

OCTOBER 21, 2023

The most significant incentive, outlined in the Inflation Reduction Act of 2022 , comes in the form of a $7,500 tax credit for eligible drivers and vehicles. As with most government incentive programs, there are a lot of rules and restrictions regarding who qualifies for the credit. However, there’s a catch.

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Teslarati

JANUARY 17, 2024

IRA EV tax credits winning over more auto dealers in 2024 The offer only applies to Rivian R1S vehicles that total $100,800 before dealer options. To get a monthly lease price of $1,169, customers must be a “very well” qualified lessee who takes delivery on or before January 31, 2024.

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Available Tax Credit Dealers Tax 79

Baua Electric

FEBRUARY 27, 2024

Hyundai initially planned to begin production early next year, but the automaker is plowing ahead with the $7,500 federal tax credit on the line. And that was without its electric models qualifying for the $7,500 EV tax credit (only through a leasing loophole). FTC: We use income earning auto affiliate links.

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Hyundai Tax Credit Georgia Production 52

Teslarati

FEBRUARY 9, 2022

The numbers from the California New Car Dealers Association’s new report would show that Musk is perhaps onto something. This is quite an accomplishment, considering that the Golden State is the US’ largest auto market. . The California New Car Dealers Association’s new report could be viewed below. .

Auto 102

Auto Market Tesla Tax Credit 102

Green Car Congress

SEPTEMBER 15, 2022

At the 2022 Detroit Auto Show, Jepp introduced the new heritage-inspired 2023 Jeep Wrangler Willys 4xe to Wrangler 4xe electrified lineup. Vehicles are scheduled to start arriving at dealers in the fourth quarter of 2022. 1 Selec-Trac full-time 4WD system, 30 inches of water fording, heavy-duty Dana 44 axles and mud-terrain tires.

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Jeep PHEV Tax Credit Volt 369

Baua Electric

MARCH 25, 2024

At the time, REE shared that the electric chassis cab is eligible for the IRS’ Commercial Clean Vehicle Tax Credit in the US, enabling a tax credit of up to $40,000 per vehicle. FTC: We use income earning auto affiliate links.

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Tax Credit California Dealers Fleet 52

Baua Electric

APRIL 10, 2024

Ford limited-edition matte black F-150 Lightning (Source: Ford) According to a new memo sent to dealers, Ford is reversing with new price cuts on 2024 Lightning models. Online auto research firm CarsDirect found that the 2024 F-150 Lightning has received a price reduction of up to $5,500. The changes went into effect on April 5, 2024.

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F-150 Ford Price Tax Credit 52

EV Connect

AUGUST 22, 2022

With strong policy support and aggressive climate initiatives , prioritizing plug-in hybrids and fully electric vehicles makes more sense for auto dealers than ever. Despite the need, though, many auto dealers are hesitant to take on the significant cost of adding EV charging stations to their dealerships. and Canada.

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Auto Charging Dealers Connect 52

Baua Electric

JANUARY 25, 2024

Meanwhile, Hyundai said it expects the global auto market to continue growing in the future as the shift to electric heats up. Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit. You can use our links below to find great deals on Hyundai’s EV models at a dealer near you.

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Hyundai Electric Vehicles Tax Credit Vehicles 52

Baua Electric

JANUARY 11, 2024

REE completes first deliveries of P7-C EV This morning, the EV startup shared that demonstration models of its P7-C chassis cab, equipped with REE’s proprietary REEcorner and x-by-wire technology, have begun making their way to its authorized dealer network, starting with Pritchard EV in Iowa. FTC: We use income earning auto affiliate links.

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Tax Credit Dealers Iowa Fleet 52

Baua Electric

JANUARY 30, 2024

Ford is instituting big discounts on the Mustang Mach-E for fleet customers, as well as a new program that allows dealers to use inventory as rental cars. The discount, which matches the amount of the federal EV tax credit the Mach-E no longer qualifies for, is reportedly aimed at spurring sales. 30, reports CarsDirect.

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Ford Fleet Sale Tax Credit 52

Electric Auto Association

FEBRUARY 7, 2023

GM to the rescue “I attended the LA Auto Show and found that the best EV-buying tips came from Chevrolet,” Fellows recalled. Go online, build the car you want, print the price out, and present it to the dealer’ is what they told me.” “It We can’t allow the dealers to pull this on buyers. We update you with EV news monthly.

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Tax Credit Dealers Purchase Chevrolet 91

Baua Electric

JANUARY 12, 2024

It’s essentially like receiving the full EV tax credit with a new purchase. Like the IONIQ 6, Tesla’s Model 3 is no longer eligible for the IRA tax credit. You can use our link to score great deals on the 2024 Hyundai IONIQ 6 at a dealer near you. Source: CarsDirect FTC: We use income earning auto affiliate links.

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Hyundai Tax Credit Tesla Kia 52

Teslarati

JANUARY 3, 2023

A new tool released by Recurrent Auto shows car buyers which used EVs qualify for federal tax incentives based on a simple VIN search. And to help those who want to purchase a used EV, the Federal government has introduced a tax incentive of $4,000. The vehicle must have a battery with a capacity above 7kWh.

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Tax Tax Credit Purchase Auto 75

Teslarati

JULY 5, 2023

While the overall car sales to dealers are projected to decline by 5.9% Tesla’s local competitors, who responded to the EV maker’s aggressive price reductions , saw positive outcomes after a tumultuous period leading up to the Shanghai auto show in April. The favorable conditions in the market are not exclusive to Tesla.

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Tesla Tax Credit Dealers China 70

Baua Electric

JANUARY 6, 2024

Which EVs made the tax-credit shortlist in 2024? 2024 Rivian R1S A preliminary list of 2024 EVs qualifying for the tax credit was released early this week by the EPA, and as expected there are very few models qualified for the full $7,500 amount. The plan will include up to 50 dealers in the U.S.

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Fisker Kia BYD Tax Credit 52

Baua Electric

MARCH 1, 2024

Fisker previously relayed that over 250 dealer partners in North America have expressed interest, but only 13 have actually signed agreements. Fisker also stated the potential deal could include North American manufacturing, teeing up the potential for Federal tax credits for consumers.

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Fisker Dealers Tax Credit Austria 52

Baua Electric

JANUARY 16, 2024

A dealer bulletin shows that all versions of the 2024 Ioniq 6 are eligible for $7,500 in “retail bonus cash”—a rebate that can essentially be applied only to purchases, and not with Hyundai’s current low-interest financing, CarsDirect notes. So it appears that the company wants to stay very competitive on price.

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Hyundai Highlander Tax Credit Tesla 52

Baua Electric

FEBRUARY 1, 2024

Kia is building the EV9 in South Korea, but production is slated to move to its West Point, GA, plant early this year to take advantage of the federal tax credit. For now, Kia continues offering the $7,500 EV tax credit through leasing. You can use our link to find the best deals on the 2024 Kia EV9 at a dealer near you.

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Kia Sale Tax Credit Land Rover 52

Baua Electric

FEBRUARY 29, 2024

That would mean losing the EV tax credit and likely falling behind rivals as new, more advanced EVs hit the market. You can use our link to find great deals on the 2024 Nissan LEAF at a dealer near you. FTC: We use income earning auto affiliate links. It will also include 25% more range.

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Nissan Production Tax Credit SUV 52