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IRS invites consumers to comment on EV tax credit qualifications

Teslarati

The Internal Revenue Service (IRS) is inviting consumers to share comments on the electric vehicle tax credit qualifications. Tesla and electric vehicle supporters have been vocal about the Inflation Reduction Act’s qualified cars for the EV incentive. Credit: IRS. Comments can be submitted by mail or email.

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Tesla Model Y’s complete lineup now qualifies for EV tax credits through Inflation Reduction Act

Teslarati

Tesla’s complete lineup of Model Y trim levels now qualifies for electric vehicle tax credits through the Inflation Reduction Act, as the Internal Revenue Service (IRS) has increased the applicable MSRP limit to $80,000 across each of the all-electric crossover’s configurations.

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How Do the Electric Vehicle Tax Credits Work?

Blink Charging

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. It does not act as a rebate (until 2024).

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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates

EV Life

That’s why it’s no surprise that the high sticker price of many electric vehicles, particularly Tesla models, has long been one of the main deterrents for people looking to buy a new car, truck, or SUV. Tesla’s electric vehicles are by far the most popular EVs in the country. Which brings us to Tesla.

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The Best Electric SUVs on the Market

EV Life

The electric vehicle market has expanded rapidly in the last few years as automakers have introduced a variety of EV models to keep up with demand. These days, all-electric options are available in every type of vehicle, from high-horsepower electric sports cars to stylish electric luxury sedans to torque-heavy electric trucks.

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Ford prices C-MAX Energi plug-in hybrid at $29,995 after federal tax credit; expects conquest rate of about 50%

Green Car Congress

Ford is pricing the new C-MAX Energi—expected to offer 15 class-exclusive features, a 550-mile (885 km) total range and more than 20 miles (32 km) of electric-only range ( earlier post )—at $33,745. Its eligibility for a $3,750 federal tax credit drops that to $29,995.

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Volkswagen of America unveils the 2021 ID.4 electric SUV

Green Car Congress

4 electric SUV—the brand’s first long-range EV to be sold in the US. This compact SUV, which will be available in rear-wheel drive 201-hp 82 kWh (launching first) and all-wheel-drive 302-hp 82 kWh configurations, offers three years of fast charging with Electrify America for no additional cost. Reservations for the ID.4

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