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How to Get the Federal Clean Vehicle Tax Credit This Year

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The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. The Clean Vehicle Tax Credit for new EVs is worth up to $7,500 and the Previously Owned Clean Vehicle Tax Credit is worth up to $4,000. Here’s what you need to know.

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How Do the Used and Commercial Clean Vehicle Tax Credits Work?

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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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Ford re-opens order books for Mach-E; higher range, lower pricing; all standard range models with LFP packs

Green Car Congress

Ford is re-opening its order banks for the all-electric Mustang Mach-E as completed plant upgrades support production ramp in the second half of 2023, with feature improvements including increased range for standard range battery models to a targeted EPA-estimated range of 250 miles for RWD and 226 miles for eAWD. Earlier post.)

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Chevy’s Bolt EV is a steal at under $20,000 using the IRS tax credit upfront

Baua Electric

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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Chevy prices 2017 Bolt EV at $37,495; $29,995 after federal tax credit

Green Car Congress

Chevrolet will offer the Bolt EV with a base Manufacturer’s Suggested Retail Price of $37,495 including destination charge. Depending on individual tax situations, customers may receive an available federal tax credit of up to $7,500 for a net value of $29,995.

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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates

EV Life

However, in California, as gas prices have soared and EV technology has continued to improve, we’ve started to see larger fuel savings on the back end, greater accessibility to charging stations, and a jump in electric vehicle popularity. Any unused funds are not available as a refund or to be used on the following year’s taxes.

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Jeep adds new Willys 4xe to PHEV lineup

Green Car Congress

The 2023 Jeep Wrangler Willys 4xe features 375 horsepower, 470 lb-ft (637 N·m) of torque, a 17 kWh battery that delivers 21 miles of all-electric range, a 2.72:1 Vehicles are scheduled to start arriving at dealers in the fourth quarter of 2022. liter turbocharged I-4 when the battery reaches minimum state of charge.

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