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.

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. 2023 Tesla Model 3 Long Range. 2023 Tesla Model 3 Long Range. 2022 Volvo S60 Extended Range.

article thumbnail

Fisker Ocean electric SUV starts at $37,499, pre-tax credit; leases for $379/mo

Green Car Congress

After the US federal tax credit is applied, the cost of the Fisker Ocean drops to a starting price of US$29,999 (US). The Ocean all-electric SUV will come standard with an extended range (target of approximately 250 to 300 miles, depending on driving conditions), enabled by an approx. 80 kWh lithium-ion battery pack.

article thumbnail

DOE awards $98M in tax credits to automakers and suppliers for clean technology manufacturing

Green Car Congress

The US Department of Energy (DOE) announced $150 million in clean energy tax credits to 12 businesses to build US capabilities in clean energy manufacturing; $98 million of that goes to five automakers and suppliers towards investments in domestic manufacturing equipment. Funded at $2.3 Funded at $2.3 Lead organization. Description.

article thumbnail

Ford Cuts 2023 F-150 Lightning XLT Extended Range Price By $2,100

InsideEVs

The very first F-150 Lightning price cut was applied to make this trim level eligible for the $7,500 federal tax credit.

F-150 105
article thumbnail

2024 Ford F-150 Lightning sees round of price cuts

Teslarati

The recent round of price adjustments from Ford did not affect the Lightning Pro Standard Range and Lightning Platinum Extended Range variants, as those models still start at $54,995 and $84,995, respectively. The Ford F-150 Lightning XLT Standard Range, however, saw a price reduction of $2,000 to $62,995.

F-150 102
article thumbnail

Ford launches program for Tesla owners to get F-150 Lightning discount

Teslarati

2024 Ford F-150 Lightning sees round of price cuts The Ford F-150 Lightning is also eligible for the full $7,500 tax credit in the United States as long as its MSRP remains under $80,000.

F-150 114