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81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle.

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The Best Electric SUVs on the Market

EV Life

4 2023 $7,500 $80,000 Personalize Incentives PHEVs that Qualify for Tax Credits While all-electric options are steadily increasing as automakers release more EV models onto the market, many drivers looking to make the switch from gas-powered vehicles must consider their unique needs when deciding whether an electric car, truck, or SUV is for them.

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