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EV Tax Credit Changes: Ford Mustang Mach-E Unlikely to Qualify in 2024

The Truth About Cars

Earlier this year, the rules around EV tax credits seemed to be changing every other week. While things have calmed down since then, we’re about to see more action on the topic, as the Treasury recently released new guidance on battery materials sourcing that will upend credits for some EVs.

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How Do the Electric Vehicle Tax Credits Work?

Blink Charging

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. It does not act as a rebate (until 2024).

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Kia to Rely on Lease Loophole to Make Its EVs Eligible for Tax Credit

The Truth About Cars

Though their electric vehicle lines are among the most compelling new zero-emissions models, Kia and Hyundai’s EVs don’t currently qualify for federal tax credits because of where they’re built. Both are working toward bringing EV production to the U.S., Image: Kia] Become a& TTAC insider.

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Jeep Details the New All-Electric Wagoneer S

The Truth About Cars

We first heard about the all-electric Jeep Wagoneer S a while back, and the automaker recently detailed specs and performance for the sleek SUV. Jeep will launch the Wagoneer S at its EV-certified dealerships later this year, with a starting price of $71,995, and it said that the SUV would qualify for federal tax credits.

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Mercedes to Move EQS SUV Production to Make Room for GLC EV in Alabama

The Truth About Cars

The automaker is eying plans to move production of the flagship EQS electric SUV to Germany to make room at its Alabama facility for a higher-volume EV. Sources told Automotive News that the automaker is clearing the way for the GLC EV, an SUV scheduled to start production in early 2026.

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Tesla Temporarily Cut Model Y Pricing

The Truth About Cars

The Tesla Model Y is the world’s best-selling electric vehicle, but that hasn’t stopped the automaker from exploring new ways to boost buyer interest. Though it’s eligible for federal tax credits, Tesla is temporarily decreasing pricing on the SUV, dropping it to $42,990 for the base model and $47,990 for the Long Range model.

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Cadillac's New Electric V-Series Concept is Far From a Silent EV

The Truth About Cars

It was easy to make fun of Dodge and the “fake” exhaust it chose to employ on the new Charger EV, but it’s no longer the only one trying to capture the thrill of a performance gas engine with a silent electric powertrain underneath. Cadillac currently sells two EVs, the Lyriq SUV and the Celestiq sedan.

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