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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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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. First, the easy part: How do I claim the $7,500 EV tax credit?

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Ford is Offering a Zero-Percent Interest Rate for Mach-E Loans

The Truth About Cars

Ford cut Mustang Mach-E pricing earlier this year, achieving its intended result of boosting demand for the electric SUV. Those numbers made it the second best-selling SUV in its class, topped only by the Tesla Model Y. Images: Ford] Become a& TTAC& insider.

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Tesla May License FSD to Other Automakers - Maybe

The Truth About Cars

Tesla recently slashed the price of its Full Self-Driving assistance feature, and it now appears the automaker is taking steps to expand its reach to other OEMs. CEO Elon Musk recently confirmed the move, saying Tesla was in talks with at least one “major automaker” about a licensing deal for the tech.

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Tesla Model 3 and Model Y Just Got Cheaper. Again

The Truth About Cars

Not that long ago, there was a time when Tesla vehicles seemed to defy the laws of depreciation, and some actually gained value on the used market. & Tesla cut prices for the base Model 3 by $2,000, bringing it below $40,000, but the Performance model didn’t see a reduction. Image: Tesla] Become a& TTAC insider.

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Ford Scales Back Michigan Battery Plant Investments

The Truth About Cars

Ford has said it will restart construction on the electric vehicle battery facility it’s building in Marshall, Michigan, after pausing work when the UAW strike kicked off a couple months ago. From Ford: While we remain bullish on our long-term strategy for electric vehicles, we are re-timing and resizing some investments.

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The Tesla Model 3 Made the List of Most-Leased Vehicles as First EV

The Truth About Cars

Beyond tracking your credit score, Experian tracks trends and data in the automotive industry, including the most popular leased models. The jump represents a 14 percent increase from the year before, and it lands the Tesla in seventh place on the list, behind the Chevy Equinox and ahead of the Honda Civic.

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