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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. Formerly eligible models from BMW, Audi, Volkswagen, and Volvo have been bumped off the list.

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81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China.

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BMW ActiveHybrid 7 Qualifies For $900 US Federal Tax Credit

Green Car Congress

The US Internal Revenue Service certified that the BMW ActiveHybrid 7 ( earlier post ) qualifies for up to a $900 tax credit under the Alternative Motor Vehicle provision. The ActiveHybrid 7 combines an electric motor with BMW’s 4.4-liter The ActiveHybrid 7 combines an electric motor with BMW’s 4.4-liter

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2011 BMW ActiveHybrid 7 Qualifies For $900 Tax credit

Green Car Reports

The all-new 2011 BMW ActiveHybrid 7 is currently rolling into dealerships across the country and potential customers will be happy to know that they will be entitled to a $900 tax credit under the Internal Revenue Service's Alternative Motor Vehicle provision.

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Report: Tesla Readying New Model 3 Performance

The Truth About Cars

The standard range rear-drive model remained, along with the Model 3 Long Range, but the Performance was nowhere to be found. At the same time, the new car lost tax credit eligibility and its place as a compelling, affordable EV as a result. Image: Tesla] Become a& TTAC insider.

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Rivian Will Give You a Discount to Trade In a Gas Vehicle for a New R1 Model

The Truth About Cars

At around $70,000 to start, the brand’s R1T pickup and R1S SUV are out of reach for most buyers, even after the $3,750 federal tax credits for some models. The automaker is taking steps – small ones, to be fair – to make its vehicles more affordable, though, knocking up to $5,000 off some configurations.

Gas 110
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Hyundai, Tesla pave the way for long-range (+300 mi) EV prices falling below average gas cars

Baua Electric

When leasing, the gap is even more significant, with Hyundai and Tesla EVs as much as 37% lower than similar models from Toyota and BMW. Hyundai IONIQ 5 (left) and IONIQ 6 (right) at Tesla Supercharger (Source: Hyundai) Long-range EV prices fall below gas cars The IONIQ 6 starts at $37,500, but that’s for the standard-range (240 mi) model.