article thumbnail

The Best Electric SUVs on the Market

EV Life

4 2023 $7,500 $80,000 Personalize Incentives PHEVs that Qualify for Tax Credits While all-electric options are steadily increasing as automakers release more EV models onto the market, many drivers looking to make the switch from gas-powered vehicles must consider their unique needs when deciding whether an electric car, truck, or SUV is for them.

SUV 52
article thumbnail

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

EV Life

How North American Manufacturing Will Benefit from the New Changes The new changes to the IRA tax credit are aimed at reducing the auto industry’s reliance on China, which makes up 70% of the global supply of battery cells. By incentivizing automakers to source their battery components and critical minerals from the U.S