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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. We’ll update you if/when we receive one.

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Volkswagen ID.4 with SK ON battery components eligible for full $7,500 tax credit in 2024

Teslarati

4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal tax credit for electric vehicles. 4 starts with an MSRP of $38,995 for the Standard variant, which has a 62 kWh battery and an EPA-estimated range of 209 miles. 4’s price range competitive with conventional compact SUVs.

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Tesla to increase Model Y price in the U.S. next month

Teslarati

Tesla has announced plans to increase the price of its Model Y in multiple regions in the coming weeks, including in the U.S. According to a note on Tesla’s website , the price of all three Model Y configurations will increase by $1,000 in the U.S. also offer additional local tax credits on electric vehicles (EVs).

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Kia looks to secure US federal tax credit for EV9 in 2025

Teslarati

It appears that South Korean automaker Kia is taking some steps to ensure that its EV9 all-electric SUV will qualify for the full $7,500 federal tax credit in the United States next year. By producing the EV9 in Georgia, the all-electric SUV could qualify for a partial EV tax credit.

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Kia to begin EV9 production in the US by May, expects $7,500 EV tax credit eligibility by 2025

Baua Electric

Kia’s first three-row electric SUV is off to a good start. Kia expects the EV9 will qualify for the full $7,500 EV tax credit by early next year. The EV9 is expected to qualify for the full $7,500 tax credit by early 2025. However, Kia will accelerate EV9 momentum with plans to begin US production by May.

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Honda undercuts Tesla Model Y after slashing Prologue EV lease prices to $399/mo

Baua Electric

After introducing new incentives, the Honda Prologue EV is now cheaper to lease than Tesla’s Model Y. Honda believes the Prologue hits the “sweet spot” of the electric SUV market at the right price. Can it compete with Tesla’s best-selling Model Y? And that’s with up to 320 miles range.

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Rivian R2 bows: $45,000, over 300 miles, the future of the SUV?

Baua Electric

The Rivian R2 is two years away, but with the debut of an R2S in prototype form Thursday, it’s clear this electric SUV will arrive with a proposition unlike any EV yet: A boxy silhouette, rugged off-road chops, a range easily topping 300 miles, and a target price effectively below today’s average new-vehicle price, regardless of the fuel.

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