article thumbnail

New Electric Vehicles Qualify for Federal Tax Credit

Green Energy Consumers

As spring 2024 unfolds, we have some good news: more vehicle models are now eligible for the federal tax credit than when the list changed on January 1. Department of Energy recently released a new list of EVs that receive between $3,750 and $7,500 in federal tax credit.

article thumbnail

Study finds EV buyers want rebates, not tax credits; government could have saved $2B

Green Car Congress

A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. The current federal electric vehicle tax scheme is a pain.

article thumbnail

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

Electrek

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.

article thumbnail

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

Electrek

more… The post Here’s every electric vehicle that currently qualifies for the US federal tax credit appeared first on Electrek. Furthermore, new terms implemented January 1, 2023 limit the number of EVs that currently qualify based on a number of factors pertaining to local US manufacturing.

article thumbnail

Tesla models eligible for IRA tax credits in 2024

Teslarati

As everyone greets the new year, Tesla updated its website according to the Inflation Reduction Act’s (IRA) requirements for the electric vehicle (EV) tax credits. Most of Tesla’s other models—including the Model X—are eligible for the full tax incentives. The Teslarati team would appreciate hearing from you.

article thumbnail

Norway’s Auto Sales Hit 60 Year Low After Tax Increases

CleanTechnica EVs

Norway saw plugin electric vehicles take 76.3% The January auto market was highly anomalous due to the new year’s introduction of tighter auto emissions and tax increases, which had pulled sales forward into December. share of the auto market in January, down from 90.5% year on year.

Tax 110
article thumbnail

10.5% Of New Vehicle Sales Now Electric Vehicle Sales In Colorado

CleanTechnica EVs

of new vehicle sales in Colorado were electric vehicle sales in 2022. That’s a great result in the USA, which as a whole is closer to 6% or 7% of new vehicle sales being electric. Last year, Colorado saw its EV uptake pass the symbolically important 10% marker. In the end, 10.5%

Colorado 143