article thumbnail

These are the EVs that still qualify for the $7,500 tax credit in 2024

Teslarati

electric vehicle (EV) tax credit have taken effect, significantly limiting the number of qualifying options in 2024. Despite the list of qualifying EVs getting shorter , the 2024 guidance also lets sellers offer the rebate at the point of sale , rather than buyers being forced to wait until doing their taxes. New rules for the U.S.

article thumbnail

Tesla, VW and several other EVs that qualify for the new 2023 US EV tax credit

Teslarati

EV tax credit. The Internal Revenue Service (IRS) announced the vehicles that qualify for the 2023 EV tax credit. federal tax credit includes EVs made by fourteen manufacturers. 2022-2023 Ford Escape Plug-In Hybrid. 2023 Tesla Model 3 Long Range. 2023 Tesla Model 3 Long Range. 2022 Volvo S60 Extended Range.

article thumbnail

The Best Electric SUVs on the Market

EV Life

The Model Y qualifies for the full $7,500 federal EV tax credit. BMW iX xDrive50 Range: 324 Miles Price: $87,100 With similar practicality and spacious interior as BMW’s popular X5 model, the iX xDrive50 has dual electric motors that provide 516 horsepower and a large battery pack that can hold enough charge to give it 324 miles of range.

SUV 52
article thumbnail

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.

article thumbnail

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

Baua Electric

The list of electric vehicles qualified for the EV tax credit in calendar year 2024 has been released. Also of note: No Rivian electric truck qualifies for the full $7,500 tax credit amount in 2024, at this time. In 2025, the tax credit rules will be extended to mining, processing, and recycling of critical minerals.

article thumbnail

How to Get a Plug-In Hybrid

Tony Karrer Delicious EVdriven

Conversions are mostly for the Prius, with a few for the Ford Escape/Mercury Mariner hybrid SUVs. At these prices, people are buying the "environmental feature" -- they want to be among the first owners of the worlds cleanest extended-range vehicles. They are early adopters, buying "Version 1.0"

Plug-in 41
article thumbnail

CalCars and PHEVs Frequently Asked Questions

Tony Karrer Delicious EVdriven

Fuel cell cars should be plug-in hybrids so that the fuel cell is used only for extended range, and the fuel cell stack and hydrogen storage can be smaller. At the moment, only 2004-2007 Priuses , and to a limited extent, the Ford Escape/Mercury Mariner Hybrids. Better yet, make a tax-deductible contribution.

PHEV 37