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The EV Tax Credit: Buy Now or Wait Until 2024?

EV Life

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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Mercedes-Benz Reportedly Rethinking North American EV Strategy

The Truth About Cars

Canadian dealers of Mercedes-Benz vehicles are reporting that the automaker is considering revising its strategy for North America. The dealers attended a market-wide retailers meeting in Vancouver held in May and noted that the automaker was fretting about consumer hesitancy over expensive electric vehicles.

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Lease Buyout Offers Loophole to EV Incentive Restrictions

EV Life

The most significant incentive, outlined in the Inflation Reduction Act of 2022 , comes in the form of a $7,500 tax credit for eligible drivers and vehicles. Two sections of the law, 30D and 45W, detail individual tax credits and commercial tax credits, respectively. However, there’s a catch. Now, you might be thinking, so what?

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

According to the analysis, the current anti-trust campaign environment could alter the relationships among consumers, dealer and OEMs. North America. North America continues to be an impetus to global light vehicle demand levels. —Nigel Griffiths, chief automotive economist, IHS Automotive. from last year.

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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car.

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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

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?

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Flash Drive: 2024 Kia EV9

Clean Fleet Report

For a one time fee, a Boost mode can be downloaded through the dealer. However, the rotating or swiveling second row seats are not available in North America. inch horizontal color display screens, sandwiching a 5-inch information screen for the climate controls, all of which looks like one piece. inches of headroom.

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