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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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Dealers Finally Have EV Inventory But Now Lack Buyers

The Truth About Cars

Axios recently highlighted the issue and found that dealers have EV inventory sitting on their lots for extended periods, suggesting that supply is significantly outpacing demand. Part of the issue with some EV models is their sky-high price tags, and the most expensive models aren’t eligible for government tax credits.

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Survey Shows Auto Dealers Still Annoyed With Biden EV Strategy

The Truth About Cars

According to the 2024 Dealer Outlook Survey, 83 percent of respondents said the government was pushing the transition toward EVs too quickly and mucking up the auto market. About half of all dealerships also said they never bothered to register with the IRS to more easily facilitate EV tax credit exchanges.

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You can lease a Toyota bZ4X for next to nothing right now

Baua Electric

Toyota is now leasing its one all-electric car, the bZ4X, for just $129/mo and $2k down. Toyota has been dipping its toe into the EV water, mostly focusing on hybrids rather than electric cars. Last quarter, Toyota only sold 1,897 copies of the bZ4X in the US, a 9% increase over the previous year but only accounting for.4%

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Toyota 2017 Mirai fuel cell vehicle remains $57,500; 312-mile electric range

Green Car Congress

Toyota announced the pricing for the 2017 model year Mirai fuel cell vehicle. Mirai customers also may qualify for an $8,000 federal tax credit and $5,000 potential California rebate along with access to the California HOV carpool lane. Costs above exclude official fees, taxes and dealer charges.

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Road Test: 2023 Toyota RAV4 Prime XSE AWD PHEV

Clean Fleet Report

Here is the truth: when owning a 2023 Toyota RAV4 Prime XSE AWD PHEV, you will never buy gasoline for probably 90% of your regular driving. The Toyota parallel hybrid drivetrain has a non-turbocharged 2.5-liter With 302 total system horsepower, the RAV4 Prime is the quickest Toyota SUV with 0-60 mph times of 5.4

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Toyota Prius Recall, Georgia Electric-Car Incentive, Tesla Ohio Troubles: Today's Car News

Green Car Reports

Today on Green Car Reports: Georgia may kill its $5,000 electric-car tax credit, Ohio car dealers renew their legislative fight against Tesla Motors, and 2010 through 2014 Toyota Prius hybrids are being recalled. All this and more on Green Car Reports.

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