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81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. Based on these new rules, several vehicles will no longer qualify for the IRA tax credit, including the Nissan Leaf, BMW X5 xDrive45e, Genesis Electrified GV70, Rivian R1S and R1T, and plug-in hybrid Volvos and Audis.

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The Best Electric SUVs on the Market

EV Life

That’s where plug-in hybrid vehicles, or PHEVs, come in. There are several PHEVs that qualify for some or all of the federal EV tax credit as well as other incentive programs, and that number is expected to grow as automakers release more eligible hybrid models, which means drivers can still save big on the PHEV purchase.

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Super Charge It

Plug In Partners

Through the development, production, and sales of these batteries, the new company will demonstrate how environmental technologies can be incorporated into society and accelerate the use of these technologies as well, including electric vehicles, plug-in hybrid vehicles , and energy recycling systems. Join Plug in Partners today.

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