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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. Tesla is one of many automakers that saw some of its vehicles excluded at the turn of the new year, and only a handful remain across the industry. New rules for the U.S. What are your thoughts?

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GM is giving a $7,500 incentive on EV models that lost tax credit eligibility

Baua Electric

GM is offering a $7,500 incentive for EVs that lost eligibility for the EV tax credit. GM to give $7,500 incentive for non-qualifying EVs Two weeks ago, GM said the new Chevy Blazer EV and Cadillac Lyriq would lose eligibility for the US EV tax credit at the beginning of 2024. 4, Ford Mustang Mach-E, and Nissan LEAF.

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The Tesla Model 3 Made the List of Most-Leased Vehicles as First EV

The Truth About Cars

Beyond tracking your credit score, Experian tracks trends and data in the automotive industry, including the most popular leased models. While this is an important milestone for Tesla and EVs in general, the Model 3 is still surrounded by full-size trucks and many SUVs on the list.

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Hyundai will launch an electric Santa Fe and new EV pickup for the US, but there’s a catch

Baua Electric

Hyundai’s flagship SUV is going electric. Hyundai Santa Fe is finally going electric but as an EREV The Santa Fe is Hyundai’s second-best-selling SUV in the US. On Tuesday, industry sources revealed (via KED Global ) Hyundai is developing a next-gen powertrain for extended-range electric vehicles (EREVs). Its massive $7.6B

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GM’s EV sales surge in back-to-back record months, narrowing gap with rival Ford

Baua Electric

We have the most comprehensive EV lineup out of any manufacturer in the industry, in the US, at the moment,” GM’s president of global markets, Rory Harvey, said. Harvey believes GM is “definitely outstripping the industry in terms of growth” with EVs. Meanwhile, surpassing Hyundai may be another challenge.

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Hyundai and Ford’s EV registrations outpace the competition in March

Baua Electric

Some, including Tom Libby, associate director of industry analysis at S&P Global Mobility, expect the Model 3 to make a comeback this year. The Mustang Mach-E was the second best-selling electric SUV, behind Tesla’s Model Y. EVs built at the facility are expected to qualify for the $7,500 federal tax credit.

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3 Reasons an Electric Vehicle is the Perfect Present

EV Match

One of the biggest myths those of us working in the EV industry encounter day after day is the belief that electric cars are simply too expensive to even consider buying. Car and Driver ‘s comparison did factor in the $7,500 federal tax credit, but it didn’t consider state, utility, and local credits and incentives.