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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. But it basically comes down to whether or not they can qualify for the two $3,750 credits. or in a country where the U.S.

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EIA: California home to almost half of US plug-in electric vehicles

Green Car Congress

Total US sales of plug-in electric vehicles (PEVs)—battery electric and plug-in hybrid electric—have increased in recent years, but still represent only about 0.7% Several states offer tax incentives to reduce the upfront cost of PEVs to consumers. sales and use tax. of new vehicle sales in 2014 so far, up from 0.6%

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Survey: Dealers think Biden is moving too fast on EVs

Baua Electric

Surprisingly, 57% of respondents thought that the new point-of-sale rebate for the federal EV tax credit would have no effect on EV sales, or they were unsure. Dealers pointed to how few vehicles qualify in 2024 , due to sourcing rules, as making the tax credit less important for driving EV sales.

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Rhode Island’s DRIVE EV program encourages sustainable transport

Teslarati

The vehicles must be purchased at a licensed Rhode Island Automobile Dealership, must be registered in the state, and must be purchased by a resident of RI. Why Tesla Model Y tax credit inclusion is good for some and bad for others Used EVs are also a part of the program but offer smaller rebates.

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Honda Clarity Electric in California and Oregon dealerships; $269/mo

Green Car Congress

With an introductory lease price of $269 (plus tax) a month for 36 months, the lease terms include an allowance of 20,000 miles per year and 24/7 roadside assistance. This initiative contributes to Honda’s intention to have two-thirds of its global automobile sales come from electrified vehicles by 2030. Earlier post.).

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Tesla is the most preferable brand for prospective EV buyers

Teslarati

After reviewing the findings of a customer perception survey, the automobile research firm arrived to this conclusion. Additionally, the 2022 Toyota RAV4 Hybrid was a market leader among hybrid shoppers. Toyota is set to be the next automaker to be disqualified from offering the $7,500 electric vehicle tax credit.

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Toyota will assemble Subaru 3-row EV in Kentucky, resources say

Baua Electric

The general meeting location and battery sourcing would possibly permit each automobiles to qualify for the total $7,500 federal tax credit score for purchases underneath the Inflation Aid Business, which neither the bZ4X or Solterra do. 2, although whether or not the automobile might be introduced is unknown.