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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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Who will be in the driver’s seat?

Electric Auto Association

An early adopter Sinclair’s first venture into the world of clean energy vehicles came in the early 2000’s when she and her husband purchased a Ford Escape Hybrid, a car they still own today. Not enough women know about the tax credits and they’re not as aware as they should be of the significant savings in operating costs.

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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?

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Here are all the used EVs that qualify for a $4,000 tax credit

Baua Electric

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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Road Test: 2024 Subaru Solterra Touring EV

Clean Fleet Report

The beauty of the Symmetrical All-Wheel Drive is, when stopped on a trail due to deep ruts, the instant torque at any speed delivers a smooth escape. The Solterra may qualify federal and state tax credits THAT may affect your final price, so speak with your CPA before heading into your local Subaru dealer.

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The Clean Vehicle Credit Is A Confusing Mess

EV Adoption

Hailed as a huge win for auto manufacturers, car dealers, and consumers, the Clean Vehicle Credit (CVC) which is part of Inflation Reduction Act (IRA), at least for now is a confusing, hot mess for everyone involved. A phaseout of the tax credit occurred over several quarters down to zero. Confused yet?

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Flash Drive: 2023 Subaru Solterra EV

Clean Fleet Report

The beauty of electric power plus Symmetrical All-Wheel Drive is, when stopped on a trail due to deep ruts, the instant torque at any speed delivered a smooth escape. Federal and state tax credits may affect your final price, so speak with your CPA before heading into your local Subaru dealer. Back on the Pavement. Room to fill.