Remove Miles Remove Purchase Remove Tax Credit Remove United States
article thumbnail

This Volkswagen EV Now Comes with Full Tax Credit Benefits

The Truth About Cars

Photo credit: Volkswagen Volkswagen has recently announced that their MY23 and the upcoming MY24 models of the ID.4, 4, equipped with SK On battery components, will be eligible for the full $7,500 Federal Tax Credit. that qualifies for the full Federal Tax credit. This development makes these models of the ID.4,

article thumbnail

How Does the Electric Car Tax Credit Work in 2023?

Setec Powerr

One such incentive is the electric car tax credit, designed to help offset the initial cost of EVs for buyers. Section 1: Overview of the Electric Car Tax Credit in 2023 1.1 In 2023, the tax credit remains available for eligible new electric vehicles but has undergone some changes compared to previous years.

article thumbnail

Tesla Model 3 Performance gets official EPA estimate

Teslarati

The Tesla Model 3 Performance All-Wheel Drive (AWD) received an official EPA estimate of 303 miles in the United States. The Performance qualifies for the Inflation Reduction Act’s (IRA) federal tax credit of $7,500. Customers may also purchase Tesla Full Self-Driving (FSD) Capability for an additional $8,000.

EPA 115
article thumbnail

Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

article thumbnail

Nikola Tre FCEV receives CARB ZEP Executive Order for HVIP eligibility; $240,000 base incentive per truck

Green Car Congress

Upon final HVIP approval, purchasers of the Nikola Tre FCEV in 2023 will be able to qualify for a base incentive valued at $240,000 per truck; $270,000 per truck for drayage fleets; or up to $288,000 per truck for fleets with (i) 10 trucks or less, (ii) performing drayage operations, and (iii) located within a disadvantaged community area.

Scrappage 435
article thumbnail

Nikola Tre FCEV receives CARB HVIP incentive eligibility; $240,000 to $288,000 per truck

Green Car Congress

Customers will also be eligible for a $40,000 clean commercial vehicle tax credit from the federal government due to the passage of the “Inflation Reduction Act”. Nikola’s Tre BEV, with a range of up to 330 miles, qualified for HVIP certification in California in January 2022.

article thumbnail

Rivian R1T has the highest range for an electric truck with a 328-mile EPA estimate

Teslarati

The Rivian R1T is now the electric truck with the most range after receiving a 328-mile range estimate from the Environmental Protection Agency (EPA). For comparison, the 2023 R1T with 22-inch wheels has an EPA estimated range of 303 miles, with calculated fuel savings of $3,000 over 5 years. Rivian R1T Tax Breaks.

EPA 98