We've gathered every new EV that's currently eligible to earn the full $7500 federal tax credit.
According to Inside EVs, Tesla had posted a similar notice to its Model 3 page since July alerting customers that reductions in the federal EV tax credit could be coming starting in 2024, but the previous message did not specify which model variants might be impacted. ...
Last month Tesla CEO Elon Musk tried to remind would-be EV buyers to do so before Sunday to get the $3,750 tax credit. Also, Musk would like his car company to bounce back from lower production numbers and dropping stock prices earlier this year. OK, he's possibly also looking out fo...
Federal EV Tax Credit Must Be ChangedDarryl Siry
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.
Five electric vehicles from Hyundai, Kia, and Genesis now qualify for the US’s $7,500 EV tax credit,Electrekreports. The new models include popular vehicles like the Hyundai Ioniq 5 crossover SUV and Kia EV9 three-row family hauler. Now, 25 EVs and plug-in hybrids across 10 brand...
For an EV buyer to qualify for the full credit, 40% of the metals used in a vehicle’s battery must come from North America. By 2027, that required threshold would reach 80%. If the metals requirement isn’t met, the automaker and its buyers would be eligible for half the tax credit...
the Senate over the weekend and is nearing approval in the House, the tax credits would take effect next year. For an EV buyer to qualify for the full credit, 40% of the metals used in a vehicle's battery must come from North America. By 2027, that required threshold would reach 80%...
Mary Barra says GM plans to boost production of its Chevrolet Bolt in response to strong demand, and called on Congress to expand the federal EV tax credit. “We feel tax credits should be expanded so our customers continue to receive the benefit going forward,” Barra told an energy confere...
and that’s for a virtually “loaded” car with power everything and a navigation system. Subtracting the $7,500 federal tax credit on electric vehicles brings you to a very strategically arrived $19,995, making the Spark EV one of the few electric cars with a net price under $20,000....