article thumbnail

Confused about the federal tax credit? 

Electric Auto Association

Know which EVs are eligible Chrysler Pacifica Plug-in Hybrid The Inflation Reduction Act of 2022 changed the rules for the US tax credit for electric vehicles (EV) purchased from 2023 to 2032.

article thumbnail

DOE publishes list of EVs eligible for new tax credit

Teslarati

Department of Energy’s Alternative Fuels Data (DOE) published a list of electric vehicles that are immediately available for the new $7,500 EV tax credit. Under the new law, only EVs assembled in North America qualify for the credits. BMW 3-series Plug-In. Lincoln Corsair Plug-in. BMW 3-series Plug-In.

article thumbnail

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’s kind of a clunky interface so we’re just going to list them here for you.

article thumbnail

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.

article thumbnail

DOE awards $98M in tax credits to automakers and suppliers for clean technology manufacturing

Green Car Congress

The US Department of Energy (DOE) announced $150 million in clean energy tax credits to 12 businesses to build US capabilities in clean energy manufacturing; $98 million of that goes to five automakers and suppliers towards investments in domestic manufacturing equipment. Funded at $2.3 Funded at $2.3 Lead organization. Description.

article thumbnail

Exclusive: 2023 Cadillac Lyriq Preview

Clean Fleet Report

Cadillac has tried electrifying cars before. First was the short-lived, 2014-2016, very cool looking ELR plug-in hybrid electric vehicle (PHEV). Based on the Chevrolet Volt platform and technology, the ELR coupe was ahead of its time for the traditional Cadillac buyer, which was too bad. Driving Cadillac into the future.

Cadillac 102
article thumbnail

Flash Drive: 2023 Cadillac Lyriq

Clean Fleet Report

All-New Luxury EV Leads the Way for Cadillac. Setting the new course of Cadillac. The all-new, all-electric 2023 Cadillac Lyriq, scheduled to hit showrooms in a few weeks (early July 2022), is expected to be a game changer for the brand. The Electric Cadillac. average of $67,500 (U.S. It baffles me, but heck…go for it!