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Tesla, VW and several other EVs that qualify for the new 2023 US EV tax credit

Teslarati

The IRS noted that the vehicles on the list below don’t automatically qualify but must also have undergone final assembly in North America and not exceed a manufacturer-suggested retail price (MSRP) of $80,000 for vans, SUVs, and pickups or $55,000 for other vehicles. 2022, 2023 Chrysler Pacifica PHEV. 2023 Volkswagen ID.4.

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Tesla one of few automakers retaining U.S. EV incentives after rule change

Teslarati

and globally, as foreign automakers were forced to shift production to North America to qualify. This includes Rivian’s R1S and R1T, Volvo’s S60 PHEV, BMW’s X5 xDrive45e, Volkswagen’s ID.4 Second, 50% of the value of battery components must be produced or assembled in North America.

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Which EVs Still Qualify for Federal Tax Credits?

The Truth About Cars

And here are the models that managed to qualify for one of the $3,750 credits: Ford Escape PHEV (2022-23); Ford Mustang Mach-E (2022-23); Ford E-Transit (2022-23); Grand Cherokee Plug-in Hybrid 4xe (2022-23); Jeep Wrangler Plug-in Hybrid 4xe (2022-23); Lincoln Corsair Grand Touring (2022-23); Tesla Model 3 Standard Range Rear-Wheel Drive (2022-23).

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Magna to acquire Getrag for approximately €1.75B

Green Car Congress

Getrag is the world’s largest (by volume) OEM-independent supplier of automotive transmissions, offering a range of transmission systems which include manual, automated-manual, dual-clutch, hybrid and other advanced systems. Other Getrag customers include BMW, Daimler, Renault, Volvo and Great Wall. billion (US$2.7

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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

Green Car Congress

Broadly, Navigant expects expansion in both the higher end of the market (thereby putting competitive pressure on Tesla Motors), as Audi, BMW, Cadillac, Mercedes, Saab, and Volvo introduce their first plug-in cars. North America and Western Europe—are close to peaking of sales of new vehicles. million tons.

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

EV Life

To be eligible for the tax credit after April 18, 2023, at least 50% of the components in the vehicle’s battery must be manufactured or assembled in North America. · . · Battery components. New EV tax credit rules breakdown: o $3,750 if the vehicle meets the critical minerals requirement only. o $7,500 if the vehicle meets both.

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What Does GM’s “30 New EVs By 2025” Promise Mean for the US Market?

EV Adoption

” They have suggested, however, that around “two-thirds” of the the 30 vehicles would be available in the North America. In the 12 months since sharing the forecast below, multiple new crossover/SUV EVs including the Mustang Mach-E, Volvo EC40 Recharge, Polestar 2, Tesla Model Y Standard Range, Nissan Ariya, VW ID.4,

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