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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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The Best Electric SUVs on the Market

EV Life

These spacious, versatile, and family-friendly vehicles offer drivers the best of many worlds in one, so it’s no surprise that the release of electric SUVs on the market was highly anticipated and met with excitement by EV fans and SUV enthusiasts alike. Which Electric SUVs Have the Most Range? The good news? The other upside?

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Progress! IRA signed into law

Electric Auto Association

Most comprehensive climate package in U.S. The Inflation Reduction Act (IRA) is a massive climate, health care, and tax bill with the overarching goal of slowing the rise in consumer prices that have been climbing at the fastest pace in approximately 40 years. The credit can also be used toward a down payment.

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Electric Vehicle Spotlight: Financing a Volkswagen ID.4

EV Life

One of the most significant updates to the popular SUV crossover is where it is made. 4 to its plant in Chattanooga, Tennessee, which allowed the popular SUV to join the ranks of EVs that qualify for the $7,500 federal tax credit. 4Version Price Range Federal EVTax Credit State/Local Incentives Volkswagen ID.4Standard

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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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BMW’s 2021 luxury sedan, the 745e PHEV, comes with 16 pure-electric miles

Current EV

Though it was once the king of luxury saloons, it has lost market share to the wide variety of luxury sedans that have proliferated the car world in the last 6 to 8 years, and to the widening popularity of SUVs and hatchbacks, which offer customers far more practicality. A Federal Tax Credit will knock off $5,836.

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Electric Vehicle Spotlight: Financing a Tesla Model Y

EV Life

The negative impact of fossil fuel emissions on climate change and the environment has become an important issue facing the world today, and some of the biggest contributors are the gas-powered vehicles we drive every day. Tesla Model Y All-Wheel Drive Unveiled in 2019, the Model Y All-Wheel Drive is Tesla’s entry-level SUV.