Remove Electric Remove Plug-in Remove Tax Remove Tesla
article thumbnail

Which 2024 EVs qualify for the $7,500 EV tax credit?

Green Car Reports

The list of electric vehicles qualified for the EV tax credit in calendar year 2024 has been released. Noteworthy Tesla omissions include most of the Model 3 lineup (the Performance version is the only one that now qualifies), as well as the entire Model S lineup. And as expected, it’s very short.

article thumbnail

IRS invites consumers to comment on EV tax credit qualifications

Teslarati

The Internal Revenue Service (IRS) is inviting consumers to share comments on the electric vehicle tax credit qualifications. Tesla and electric vehicle supporters have been vocal about the Inflation Reduction Act’s qualified cars for the EV incentive. — Elon Musk (@elonmusk) January 3, 2023. Credit: IRS.

article thumbnail

Tesla China: Top gov’t meeting confirms NEV purchase tax exemption extension

Teslarati

Tesla China will likely see its momentum in the domestic EV market accelerate, thanks to the country’s NEV purchase tax exemption being renewed next year. The NEV purchase tax exemption, which was launched in 2014, allowed most consumers who purchase green vehicles to save about RMB 10,000 (around $1,500).

Purchase 124
article thumbnail

Used Teslas now qualify for $4k tax credit, but there’s a tough hoop to jump through

Teslarati

Used Teslas will now qualify for the $4,000 tax credit through the Inflation Reduction Act (IRA) that is applicable for electric vehicles (EVs), Plug-In Hybrid Electric Vehicles (PHEVs), and Fuel Cell Electric Vehicles (FCEVs). Finding a Tesla for $25,000 is tough, especially at a dealership.

article thumbnail

Tesla and EV dominance in Norway causes shortage of fossil fuel cars to tax

Teslarati

Tesla and other electric vehicles are beginning to dominate the roads in Norway, leaving very few internal combustion engine (ICE) cars to tax. Tesla Model Y becomes Norway’s best selling EV in August in less than one week. The “problem” has been long foreseen by those supporting the EV revolution. last month.

Norway 145
article thumbnail

New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp., ITC Holdings Corp.,

article thumbnail

How to Save Big on a Tesla with Colorado’s New EV Tax Credit

EV Life

Electric vehicles are becoming more and more common on the roads across the country. With climate change awareness increasing, gas prices continuing to climb, EV charging stations expanding, and tons of new EV options hitting the market each year, it’s no surprise that electric vehicle purchases are skyrocketing.