The EV tax credit is more than just an incentive to get Americans to ditch their dirty gas-powered cars and replace them with clean, quiet zero-emission vehicles. It’s also an energy security measure aimed squarely at busting up China’s influence over the EV battery industry. Will it ...
Looking to save up to $7,500 at tax time and get a new ride too? Check out our list of the top electric cars, trucks and SUVs that are available with the newly revamped federal EV tax credit.
It depends on who you're asking — and it's a question consumers interested in the newly expanded clean vehicle tax credit should look at carefully, since it's the IRS that decides whether or not the cars they just bought will qualify. The answer may not be as simple as it seems. The...
When considering the tax credit, it’s important to check which car models are eligible. For example, some Tesla, Chevrolet, and Toyota models may qualify for a $7,500 tax credit, while others like the Lucid Air and the foreign-builtHyundai Ioniq 5andKia EV6may not be eligible. Both fu...
The European Commission will decide whether to impose tariffs more than the current 10% standard rate for cars within 13 months once the investigatioin started. The possible tariff will affect not just Chinese automakers but also foreign brands that produce vehicles there such as Tesla, Renault and...
A new EV tax credit system will replace the old one once the law goes into effect on January 1, 2023. EV tax credits are federal incentives provided by the government to encourage consumers to buy electric cars. As gas prices rise, now might be the time to consider purchasing an EV for...
More good news comes in the fact that the US Treasury made it clear the commercial tax credit can be used to reduce the prices of an EV lease.
Now that you've made sure you're eligible for the tax credit, it's time to check if the car you love is, too. In order to qualify, a vehicle must: Be at least two models years old (2023 and earlier). Have a battery with at least 7kWh — that’s mostly all plug-in cars!
Joe Biden has signed off on several new rules for EV Tax Credit qualification, the bulk of which come into effect in January.
In our real-world 75-mph highway range test, both versions of the Equinox EV delivered a result of 260 miles, which we think comes down to the different wheels and tires on our test cars. All models come with DC fast-charging capability, which Chevrolet says can add 70 miles of range...