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Fixing the Federal EV Tax Credit Flaws: Redesigning the Vehicle Credit Formula

EV Adoption

The Qualified Plug-In Electric Drive Motor Vehicles (IRC 30D) tax credit – commonly referred to as the “Federal EV tax credit” has a number of flaws, but one of the biggest is the poorly-designed formula that determines the amount of the tax credit available for each BEV and PHEV sold in the US.

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Here are all the used EVs that qualify for a $4,000 tax credit

Baua Electric

January 1, 2023, kicked off a fresh start of new tax credits for vehicles, both new and used. Since then, much of the dust has settled on the Capitol as it continues to implement qualifying terms for tax credits , continuously shifting what used EVs do and do not qualify. Here’s the latest list. Here’s how it works.

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US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

Green Car Congress

Auto manufacturers such as Chrysler, BYD, Coda, Honda, Mitsubishi, Hyundai, Toyota, Volkswagen and Volvo are not included in this table, but have announced or are expected to introduce EVs in this time period, DOE said. These could lead to additional production capacity of several hundred thousand EVs not accounted for in this table.

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Road Test: 2024 Toyota Mirai Limited FCEV

Clean Fleet Report

Honda announced recently the CR-V e:FCEV compact crossover will be available combining both hydrogen and a plug-in battery in 2025. (It Other major trucks companies, including Daimler and Volvo, are also working on their own hydrogen-fueled trucks. It previously sold the fuel cell only FCX, Clarity FCX and Clarity FCEV.

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