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3 Scenarios That Would Make An EV Ineligible For the Federal EV Tax Credit

EV Adoption

Battery is under 10kWh: Currently only five PHEVs would not meet the proposed 10 kWh threshold: Toyota Prius Prime (8.8 Of these five, the Toyota Prius Prime is the only one that sells in any significant volume. Of these five, the Toyota Prius Prime is the only one that sells in any significant volume. kWh) Kia Niro PHEV (8.9

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Zero EVs May Qualify For the Federal Tax Credit Under the Inflation Reduction Act Requirements

EV Adoption

The critical materials in the battery that were extracted or processed in a country with a free trade agreement (which includes Australia, Chile, South Korea, etc.) Today, too many of the tax credits go to people replacing a Prius hybrid with an EV, which does very little to actually produce a net decline in GHGs.

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

EV Adoption

The credit is not available for Tesla vehicles acquired after December 31, 2019 and General Motors EV purchased after March 31, 2020. Some EV advocates believe that there should not be any MSRP cap and that incentives that encourage the purchase of ANY electric vehicle regardless of price is a good thing. Effective Date: Jan 1, 2022.

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GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

"It is unreasonable to expect the Volt and any similar new technology to be immediately profitable when other technologies that started with a price premium, such as the Toyota Prius, became wild successes," said Chelsea Sexton, an advisory board member of Plug-In America. Ill never purchase one again, no matter what the mpgs.

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