Remove Commercial Remove F-150 Remove PHEV Remove Tax
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. What are the New Changes to the Federal Tax Credit?

article thumbnail

What Does GM’s “30 New EVs By 2025” Promise Mean for the US Market?

EV Adoption

And then this past week, GM released its humorous “ No Way Norway ” EV commercial featuring Will Ferrell. At the end of the commercial, GM shares a significant EV promise: “30 new EVs by 2025.” ” Source: GM Norway Super Bowl TV Commercial. What would be the average sales volume per model per year?

GM 116
article thumbnail

Here’s every electric vehicle that currently qualifies for the US federal tax credit in 2024

Baua Electric

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. How much is the federal tax credit?

article thumbnail

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.

article thumbnail

GM plug-in hybrids, Ford Supercharger adapter, Canoo USPS vans: The Week in Reverse

Baua Electric

Ford will provide adapters allowing current and recent EV models including the Mustang Mach-E and F-150 Lightning to charge on the Tesla Supercharger network , the automaker revealed this week. plug-in hybrid sales hit a record high in 2023, with PHEVs making up about 20% of total plug-in vehicle sales. of the U.S.

Plug-in 52
article thumbnail

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

EV Life

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. Not listed.

article thumbnail

How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

About CalCars Plug-In Hybrids FAQ How to Get a PHEV Where PHEVs are Carmakers Say. Our PRIUS+ Project Photos PHEV Resources Global Warming Take Action News and Events Contact Us How Carmakers are Responding to the Plug-In Hybrid Opportunity If you ask, "have major auto-makers come around on PHEVs?",

Plug-in 45