Baua Electric

JANUARY 3, 2024

As sales of electric vehicles continue to grow in 2024, many new and prospective customers have questions about qualifying for a federal tax credit on electric vehicles. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place.

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Tax Credit Tax Electric Vehicles Vehicles 52

EV Life

JANUARY 4, 2024

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?

Tax Credit 52

Tax Credit Tax Personal F-150 52

Baua Electric

JANUARY 23, 2024

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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Tax Credit Tax PHEV 2018 52

Green Car Congress

JANUARY 1, 2011

Slower than expected sales of hybrids everywhere in the world but Japan in 2010. In the US hybrids fell from about 3% of total sales in 2008-09 to 2.2% The DB team attributed the reduction to less concern about gasoline prices, and therefore fuel efficiency, as well as fewer government subsidies for hybrids.

Transportation 250

Transportation Gasoline Lithium Ion Gasoline-Electric 250

Clean Fleet Report

MAY 2, 2024

Co-developed with General Motors, the midsize ZDX rides on the Ultium platform that is also shared with the Cadillac Lyriq, Chevrolet Blazer and Equinox EVs. The 2024 ZDX A-Spec and ZDX Type S are on-sale now at Acura dealers in all 50 states. In some state it may also get the coveted HOV lane sticker. Go check it out!

Acura 85

Acura All-Electric SUV Miles 85

Clean Fleet Report

SEPTEMBER 26, 2022

Refreshed inside and out, the 2022 Chevrolet Bolt EV continues to be the best-selling electric car for Chevrolet and parent General Motors. The 2022 Chevrolet Bolt with a 259-mile driving range from a 150-kilowatt electric motor that drives the front wheels. See a tax consultant before visiting your local dealer.

Chevrolet 77

Chevrolet Miles Clean Cleaning 77

EV Adoption

MARCH 19, 2021

And if you subtract the $7,500 federal EV tax credit available for the ID.4, Following are a few steps legacy automakers and dealers (that are actually trying to sell EVs) need to do to help counter the Tesla narrative that has created various expectations by consumers when considering an EV. But the ID.4

Tesla 52

Tesla Dealers Miles Range 52

EV Life

MARCH 7, 2023

Today, Chevrolet has some of the best EV options on the market, with more scheduled for release in the next few years. What’s more, the Bolt EV is eligible for a variety of federal and state tax credits, rebates, and incentives that can potentially bring the price down to zero for qualifying drivers.

Tax Credit 52

Tax Credit Tax Financing Purchase 52

Clean Fleet Report

APRIL 25, 2022

Joining the SUV lineup of Crosstrek, Forester, Outback and Ascent, the Solterra is not Subaru’s first model with a plug as the Crosstrek Plug-in Hybrid Electric Vehicle (PHEV) debuted in 2019. Federal and state tax credits may affect your final price, so speak with your CPA before heading into your local Subaru dealer.

All-Electric 87

All-Electric SUV Clean Cleaning 87

The Truth About Cars

AUGUST 10, 2023

Those who follow the automotive industry will have undoubtedly noticed that dealer inventories are slowly approaching levels that would have been considered normal before the pandemic. Take rates for plug-in hybrids have also increased, albeit at a much slower rate. That’s about double the average for gasoline vehicles.

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Tax Credit Automobile Gasoline-Electric Supplies 96

Baua Electric

DECEMBER 30, 2023

2024 Chevrolet Blazer EV RS Many 2024 Mercedes-Benz EV models get more range and better braking , the automaker has revealed. The Biden administration has set a high bar for the generous tax credits created by the Inflation Recovery Act (IRA) to help spur large-scale production of hydrogen, starting with regional hydrogen hubs.

Affordable 52

Affordable Clean Cleaning Hydrogen 52

EV Life

AUGUST 17, 2022

Federal EV Tax Credit. To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car. The tax credit depends on the manufacturer you choose and vehicle battery.

Tax Credit 52

Tax Credit Tax Dealers Personal 52

Green Car Congress

APRIL 22, 2015

The report focused on battery electric vehicles and plug-in hybrid electric vehicles, categorizing them into four classes based on their all-electric range: long-range and limited-range battery electric vehicles; range-extended plug-in hybrid electric vehicles; and minimal plug-in hybrid electric vehicles. Range-extended PHEV.

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Purchase Batteries Battery Re-Charge 150

Clean Fleet Report

SEPTEMBER 30, 2023

Speak with your dealer about any available federal or state tax credits that could reduce the price you pay, and check with your state about the C40 Recharge qualifying to use the HOV lane. Pricing And a frunk The 2023 Volvo C40 Recharge comes in three trims, with these prices including the mandatory $1,095 destination charge.

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Recharge Volvo SUV Google 78

Cars That Think

OCTOBER 26, 2021

There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment. It doesn't cover the whole thing, but you do get a chunk of it back as a tax credit. It makes no sense to me to own a gas-only car in 2030 or even just a plain hybrid.

Electric Vehicles 93

Electric Vehicles Charging Vehicles Electric 93

Cars That Think

OCTOBER 26, 2021

There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment. It doesn't cover the whole thing, but you do get a chunk of it back as a tax credit. It makes no sense to me to own a gas-only car in 2030 or even just a plain hybrid.

Electric Vehicles 91

Electric Vehicles Charging Vehicles Electric 91

Green Car Congress

MARCH 31, 2009

In response to the Presidential Auto Task Force Report that concluded that the plug-in Chevrolet Volt was unlikely to be commercially successful in the short-term due to its cost ( earlier post ), Plug In America is proposing a plan to make GM’s Chevy Volt and other plug-in cars more affordable.

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Obama Plug-in Volt America 150

Clean Fleet Report

JANUARY 20, 2022

Not in this case, as beginning in 2023 the MX-30 will be offered as a hybrid and then a plug-in hybrid, possibly with a small range extender gasoline engine. Range extenders have been done previously with the Chevrolet Volt and BMW i3, and could add another 100 miles of driving range. Flash Drive: 2022 Chevrolet Bolt EUV.

Mazda 84

Mazda Gasoline-Electric Clean Cleaning 84

EV Adoption

AUGUST 4, 2022

Additionally, the IRA could actually receive enough votes to pass, but not without potentially several significant changes — including to some of the EV tax credit requirements. This means EVs like the Mustang Mach-E which is assembled in Mexico, and the Chrysler Pacifica Hybrid (PHEV) which is assembled in Canada, would qualify.

Tax Credit 98

Tax Credit Tax North America America 98

Clean Fleet Report

DECEMBER 17, 2021

Having already established a strong reputation with its Kona SUV and Ioniq sedan EVs, next up is the all-new and impressive 2022 Ioniq 5 EV, arriving at Hyundai dealers later this month (December 2021). The Ioniq 5 qualifies for the federal $7,500 electric vehicle tax credit as does the Mustang Mach-E.

Hyundai 89

Hyundai All-Electric SUV Clean 89

Revenge of the Electric Car

JULY 14, 2009

This is before the $7,500 federal tax credit. They own the hybrid market and are doing quite well, thank you, so why adopt a whole new technology that’s untried on a large scale? Those who make the decisions to forgo battery EVs in favor of plug- in hybrids only ignore a sizable market. Dealers excited.

Nissan 124

Nissan Japan United States Gasoline-Electric 124

Clean Fleet Report

JANUARY 31, 2022

The EV6, with an electric driving range up to 310 miles, arrived at Kia dealers in all 50 states in late January 2022. The EV6, which qualifies for Federal and State incentives, will sell directly against the Hyundai Ioniq 5 , Ford Mustang Mach-E , Tesla Model Y , Chevrolet Bolt EUV , Volkswagen ID4 , and the Polestar 2.

Kia 79

Kia Wind All-Electric Miles 79

EV Adoption

NOVEMBER 26, 2021

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

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Tax Credit Tax F-150 PHEV 116