article thumbnail

Tax filers: If you’re claiming IRA tax credits, then you need this free tool

Baua Electric

Photo: Tesla If you bought an EV or made electric upgrades in 2023, then use this Rewiring America tool to confirm which Inflation Reduction Act (IRA) tax credits you qualify for. The IRA tax credits are new, so it’s good to have a tool to refer to during tax preparation. Tesla drivers, this pertains to you, too.)

article thumbnail

VW says ‘most’ 2023, 2024 ID.4s will get full $7,500 EV tax credit

Baua Electric

4s will qualify for the full US EV tax credit in 2024 – here’s the lowdown on eligibility. 4s with US-manufactured SK On battery components placed in service in 2024 will be eligible for the full $7,500 federal tax credit. 4s will get full $7,500 EV tax credit appeared first on Bauaelectric Auto News.

article thumbnail

Why Tesla Model Y tax credit inclusion is good for some and bad for others

Teslarati

The Tesla Model Y complete lineup was recently added to the IRS list of qualifying vehicles that will give buyers a $7,500 tax credit. While it may seem like the company’s huge price cuts coupled with the tax credit would be good for everyone, it spells bad news for competitors that offer comparable EVs in the same category.

article thumbnail

Confused about the federal tax credit? 

Electric Auto Association

Know which EVs are eligible Chrysler Pacifica Plug-in Hybrid The Inflation Reduction Act of 2022 changed the rules for the US tax credit for electric vehicles (EV) purchased from 2023 to 2032.

article thumbnail

EV tax credit score rules will have to be adopted, Manchin tells Treasury

Baua Electric

“My comment is simple: Follow the law,” he wrote in an 11-page letter to Treasury, explaining that the tax credit score’s objective is “no longer to promote the purchase and use of [EVs] … but to promote reliable domestic supply chains for the critical minerals and battery components” had to energy them.

article thumbnail

Tesla Solar + Powerwall more than covers monthly payment after a week of VPP events

Teslarati

Gillund’s Tesla Solar + Powerwall system participated in the recent VPP events , sending 35 kWh back to the grid during the September 9 event alone. This meant that the system had been able to earn $510 in compensation with just a week’s worth of VPP events. And charges both our cars for free.

Solar 121
article thumbnail

Louisiana On Verge Of Cutting EV Tax Credit Early, So We Hosted EV Awareness Day At The Louisiana State Capitol

CleanTechnica EVs

The event was a spur-of-the-moment thing put together by a few Tesla owners in Baton Rouge — many of whom couldn’t attend due to it […]. Yesterday, I spent the day down at the Louisiana State Capitol advocating for electric vehicles and clean energy while my state’s lawmakers were having their session.

Louisiana 106