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The EV Tax Credit: Buy Now or Wait Until 2024?

EV Life

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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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. 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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Tesla launches limited-time 0.99% APR loan rate on U.S. Model Y orders

Teslarati

Tesla has launched its latest buying incentive for the Model Y, this time offering a special, super-low interest rate for those who purchase the SUV by the end of this month. The promotional financing can be used on loan terms ranging from 36 to 72 months, and it’s available on all three Model Y trim options.

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Ford Mustang Mach-E captures KBB’s EV Best Buy of 2022

Teslarati

Ford has captured a tremendous accolade with the Mustang Mach-E after Kelley Blue Book announced that the all-electric crossover is the Electric Vehicle Best Buy for 2022. Its SUV-leaning shape and fresh attitude also contribute to the Mach-E’s value to both Ford and to the emerging EV landscape.” ” (Credit: Ford).

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What EV Drivers Should Know About Leasing an EV This Year

Blink Charging

Although the $7,500 consumer tax credit for buying an electric car is becoming more restrictive for new vehicles adhering to specific manufacturing requirements , there’s a provision enabling consumers to still enjoy the credit when leasing an EV assembled outside of North America.

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Lease Buyout Offers Loophole to EV Incentive Restrictions

EV Life

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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GM hints at an affordable Chevy Camaro EV: A $35,000 real electric pony car?

Baua Electric

Among the considerations were a 2+2 coupe, convertible, and two- and four-door SUVs. With the $7,500 EV tax credit included, prices could fall to as low as $27,500. Would you buy an electric Camaro? If so, would you buy it for style and features, or performance? The Chevy Blazer EV is also eligible for the credit.