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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates

EV Life

Buying a new car is one of the most significant purchases you’ll likely make in your life, so you want to make sure you’re getting the best deal available. The EV tax credit outlined in the Inflation Reduction Act of 2022 is non-refundable, meaning it can only be applied to money you already owe in the tax year you purchase your vehicle.

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3 Reasons an Electric Vehicle is the Perfect Present

EV Match

As if one partner would buy two new cars – a significant purchase – for her and him as a complete surprise. So if you’re finding yourself persuaded to buy a car this holiday season, let it be electric. Since these vary by state, the best place to see credits and incentives available to you is PlugStar.

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Nine EVs that lease for under $400/month: Ioniq 5, Solterra, Niro, Ioniq 6, more

Baua Electric

Hyundai IONIQ 5 (left) and IONIQ 6 (right) at Tesla Supercharger (Source: Hyundai) There’s a loophole in the stricter IRA federal tax credit that only applies $3750 rebates on North American-built cars and separately $3750 on domestic batteries. For whatever reason, all EVs get the full $7500 applied to leases, however.

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Tips for purchasing a new EV amid a vehicle shortage

Plug in America

In larger metropolitan areas such as Los Angeles, Atlanta, or Seattle, where EVs are in high demand, prices are higher but have more inventory available than in suburban or rural areas. Remember, buying a pre-owned plug-in hybrid or EV is not the same as buying a pre-owned gasoline vehicle.

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Flash Drive: 2024 Acura ZDX Type S

Clean Fleet Report

A-Spec RWD $65,850 A-Spec AWD $69,850 Type S AWD $74,850 Type S AWD $75,850* (*With the Performance Wheel and Tire Package) The ZDX is built in Spring Hill, Tennessee, meaning it will qualify for federal and state tax credits. In some state it may also get the coveted HOV lane sticker. Hyundai Ioniq 5 N at 3.1

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News: 2023 Genesis Electrified GV70 AWD

Clean Fleet Report

Genesis showed a pre-production 2023 Electrified GV70 at the 2022 Los Angeles Auto Show. The philosophy of quality and expectations need to be met, as Genesis is an unknown entity to much of the car buying public. The Electrified GV70 comes in two trim levels.

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Honda, Acura neatly situated in 2023, says American Honda’s Mamadou Diallo

Baua Electric

The American client could be very emotional and desires to peer the product and purchase it immediately, however COVID educated shoppers to be ok with striking an sequence and looking ahead to their car instead than buying groceries from stock in a broker’s quantity. To me that’s a weighty trade.

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