BMW Motors Purchase Tax Credit 
Green Car Congress
APRIL 11, 2019
US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp., ITC Holdings Corp.,
Teslarati
FEBRUARY 7, 2023
The Tesla Model Y complete lineup was recently added to the IRS list of qualifying vehicles that will give buyers a $7,500 tax credit. While it may seem like the company’s huge price cuts coupled with the tax credit would be good for everyone, it spells bad news for competitors that offer comparable EVs in the same category.
The Truth About Cars
APRIL 17, 2023
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. Formerly eligible models from BMW, Audi, Volkswagen, and Volvo have been bumped off the list.
EV Life
JUNE 8, 2023
Like their electric car cousins, all-electric SUVs have come a long way—batteries have evolved to increase range and improve performance, new motors are providing impressive torque and towing capabilities, and prices have come down to make options more affordable, making these SUVs some of the most attractive sport utility options out there.
Clean Fleet Report
JUNE 15, 2021
An electric motor produces torque that propels the car faster than conventional gas-powered vehicles. Car dealerships will advise you on the frequency of maintenance needed at the time of purchase. With more users gearing towards purchasing electric vehicles, a surge in demand has drastically hit the electric automobile industry.
Baua Electric
APRIL 24, 2024
Appearing on Tesla’s website Tuesday, the new Model 3 Performance has a dual-motor all-wheel drive powertrain rated at 510 hp and 546 lb-ft of torque. The Performance appears eligible for the federal EV tax credit, which could mean it’s a better deal than the Long Range, though. Tesla quotes 0-60 mph in 2.9
Blink Charging
DECEMBER 19, 2023
In a wave of announcements, legacy automakers including Ford, General Motors, BMW, and Nissan announced their intention to use the NACS connector in future EVs. Like the tax credit for new EVs, the used EV tax credit included an AGI cap and must be sold by a licensed dealer.
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