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New tool shows which used EVs qualify for federal tax incentives

Teslarati

A new tool released by Recurrent Auto shows car buyers which used EVs qualify for federal tax incentives based on a simple VIN search. And to help those who want to purchase a used EV, the Federal government has introduced a tax incentive of $4,000. This eligibility tool makes it much easier.

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Tesla investors post questions for TSLA Q3 2023 earnings call

Teslarati

Tesla Model 3 and Y now cost approximately the same as an average non-luxury car ($31.9k) and non-luxury SUV ($35.7k) after tax credit in the US despite better features. Mercedes is accepting legal liability for when its Level 3 autonomous driving system, Drive Pilot, is active.

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After chiding Ford for US CATL battery plan, GM may be seeking its own

Baua Electric

2026 Cadillac Vistiq However, the Department of Energy’s “foreign entity of concern” language introduced into the EV tax credit rules now applies to manufacturing and assembly, as well as much of the supply chain—and to companies incorporated in China or in which the Chinese government has a 25% or larger stake.

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More bad buzz for Chevy Blazer EV: software glitches, doors that fly open

Baua Electric

Also, the Chevy Blazer does not qualify for 2024 federal tax credits, which will surely dampen sales as well. The Chevy Bolt qualifies for federal tax incentives, but its production is being stalled , for now, with employees laid off. Not to mention GM being mired in legal issues from its Cruise acquisition.

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Was the Jeep Wrangler 4xe 2021’s 3rd Highest-Selling EV in the US?

EV Adoption

I say apparently as a PR person with Stellantis, the parent company of Jeep, stated the following to me in a January 18 email: I can tell you that it is true, we were the best selling plug-in hybrid SUV last year in the US. Rick Deneau, Stellantis.

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Ford Scales Back Michigan Battery Plant Investments

The Truth About Cars

But the company has also announced that it would be “re-timing and resizing some investments.” For specifics on the tweaked certification plan, check out Matthew Guy’s article covering the topic or some of our earlier pieces examining the legal issues surrounding the matter. Though Ford has said its primary concerns stem from demand.

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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.