The Truth About Cars

APRIL 23, 2024

At around $70,000 to start, the brand’s R1T pickup and R1S SUV are out of reach for most buyers, even after the $3,750 federal tax credits for some models. That said, it’s unclear how much the automaker will give you for your trade-in, so it would be wise to shop around a bit before signing for a new Rivian.

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Gas Tundra F-150 2018 109

Baua Electric

MAY 23, 2024

The Mustang Mach-E was the second best-selling electric SUV, behind Tesla’s Model Y. 2024 Ford F-150 Lightning Flash (Source: Ford) Ford’s F-150 Lightning remained the top-selling electric pickup in Q1, topping the Rivian R1T and Tesla Cybertruck. Despite the success, Ford is pulling back on several EV initiatives.

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Hyundai F-150 Ford Kia 52

Baua Electric

MARCH 15, 2024

According to S&P Global Mobility registration data (via Automotive News ), the growth was uneven across the competition. Model 3 registrations were down 23% after losing the $7,500 EV tax credit. Mustang Mach-E registrations fell 38% (1,977), while the F-150 Lightning gained 4.5% YOY( 2,956). 4 fell 47%.

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Teslarati

DECEMBER 14, 2021

Its SUV-leaning shape and fresh attitude also contribute to the Mach-E’s value to both Ford and to the emerging EV landscape.” ” (Credit: Ford). The Ford EV SUV is eligible for the maximum $7,500 federal EV tax credit, plus any other state and local incentives in your area.

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EV Life

JANUARY 4, 2024

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. On the other hand, new eligibility requirements have also taken effect, and some EVs didn’t make the cut. Which Electric Vehicles Still Qualify for the Tax Credit?

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EV Life

JULY 21, 2023

There are dozens of new electric cars, trucks, and SUVs set to debut throughout 2023-2024, which is great news for drivers that are looking for the right EV to fit their needs. The Chevy Blazer is one of the most iconic SUVs ever made, and the Blazer EV is the newest addition to its storied legacy.

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Baua Electric

JANUARY 3, 2024

As sales of electric vehicles continue to grow in 2024, many new and prospective customers have questions about qualifying for a federal tax credit on electric vehicles. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place.

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Baua Electric

JANUARY 23, 2024

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.

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Baua Electric

JANUARY 2, 2024

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. The credit amount on these models has fallen to $3,750. And as expected, it’s very short.

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Tax Credit Tax Chevrolet Jeep 52

Baua Electric

MAY 3, 2024

In a coordinated push through federal agencies, the Biden administration on Friday released a revised set of regulations applying to the EV tax credit that will ultimately make the credit easier to claim for a wider range of vehicles in 2025 and 2026 but no easier for Chinese companies to gain a foothold on the market.

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Baua Electric

MARCH 4, 2024

Meanwhile, Ford F-150 Lightning sales nearly doubled (+93%) YOY, with 2,930 EV trucks delivered. Ford F-150 Lightning production (Source: Ford) Ford’s overall sales were up 10.5% Rivian’s R1S electric SUV was the seventh best-selling EV last year, with over 24,783 units sold. E-Transit sales were also up 112.9%

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EV Life

SEPTEMBER 2, 2022

The passage of the US Inflation Reduction Act includes nearly unlimited funding for a $7500 EV tax credit on new EVs through 2032. Electric cars will qualify for EV tax credits and the qualification rules for credits will be really confusing. 2022 EV Tax Credits. We have some bad news.

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Cars That Think

OCTOBER 26, 2021

New DC fast-charging stations are being built at a fairly fast clip. Although there is a thought that news out of D.C., An electric SUV is going to have more aerodynamic drag than an electric sedan like a Tesla Model S or Lucid Air. It doesn't cover the whole thing, but you do get a chunk of it back as a tax credit.

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Electric Vehicles Charging Vehicles Electric 95

Cars That Think

OCTOBER 26, 2021

New DC fast-charging stations are being built at a fairly fast clip. Although there is a thought that news out of D.C., An electric SUV is going to have more aerodynamic drag than an electric sedan like a Tesla Model S or Lucid Air. It doesn't cover the whole thing, but you do get a chunk of it back as a tax credit.

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Electric Vehicles Charging Vehicles Electric 94

Teslarati

NOVEMBER 6, 2021

The new EV tax credit breakdown could award as much as $12,500 for an EV purchase, but that’s not the best part. As the EV industry continues to embrace new vehicle styles and expand to more consumers, the language in the bill reflects new body types and supports domestic manufacturing. million reservations.

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Clean Fleet Report

SEPTEMBER 2, 2022

One of the most intriguing of these changes for car buyers is a revamped electric vehicle (EV) tax credit. How Much Can You Get from the EV Tax Credit? The new EV tax credit, like the one that preceded it, offers up to $7,500 for electric passenger cars and light trucks. However, these will change.

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