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

EV Life

The 2022 IRA established MSRP limits of $80,000 for electric trucks, vans, and SUVs and $55,000 for all other EVs to qualify. Dealers must register with the IRS to be eligible to offer the credit at the point of sale. Or do you make your purchase now, but have to wait until next year’s tax filing to see any of the money?

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WM Motor aims to be China’s BEV for the masses

China EV

That doesn’t even come up in his list of positions nowadays it was so long ago. WM Motor is currently selling one BEV, the EX5 SUV. I like it that they are cancelling the (NEV purchase) incentives,” says Freeman. “We Everyone buy it! He went on to be a top exec at FCA and Volvo/Geely. We are a hardware company,” he says.

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Road Test: 2021 Mazda CX-9 Signature AWD

Clean Fleet Report

Driving Fun in a Three-Row Crossover SUV. 2021 Mazda CX-9 owners say things like “exceeds my expectations,” “I love it,” “it is one of the most beautiful cars on the road” and “super happy with my purchase.” The up-market interior on the CX-9 Signature has a luxury feel usually found in a premium crossover SUV. Classy Interior.

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2021 Toyota RAV4 Prime PHEV: 42 mile EV range/600 total miles! A smash hit!

Current EV

In 2019, the RAV4 wasn’t just the world’s best-selling SUV; it was also the 4th best-selling passenger car overall, selling 535,000 units in North America alone. Toyota’s ground-breaking SUV reached a 10M global sales landmark in February of 2020. That makes the 2021 Toyota RAV4 Prime the crown jewel of the brand’s SUV lineup.”.

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Road Test: 2022 Kia Niro Plug-in Hybrid

Clean Fleet Report

One of the challenges Clean Fleet Report takes seriously is to test the EPA fuel economy ratings for the cars, crossovers and trucks we review, knowing efficiency is a top priority when looking to purchase a new vehicle. inch ground clearance results in an outlook on the road a bit higher than a sedan, but not as high as a SUV.

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Flash Drive: 2023 Kia Sportage

Clean Fleet Report

Climbing and descending this twisting road would be a true test for any car, SUV or truck, but when testing a hybrid there is an extra check on the performance the electric motor adds to the gasoline engine. As of May 2022, the X-Line and X-Pro are in dealers, with the Hybrid arriving by early summer.

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

EV Life

On the one hand, the (up to) $7,500 tax credit is now available right away at the point of sale, eliminating the wait time and allowing drivers to apply their savings directly to the purchase of their vehicle at the dealership—which is great for consumers. In fact, it’s what EV Life has been doing for our customers for years.