If you’re considering buying an electric car, you’ve probably already heard the news. You could get up to $7,500 back from the federal government. But there’s a catch. No one seems to know if it will be available for the car he wants 35 days from now. The rules will change on January 1st, and cars… Source: www.kbb.com
To qualify for up to $7,500 in tax credits, your new EV or eligible plug-in hybrid vehicle (PHEV) must meet certain rules. • Expensive EVs such as the GMC Hummer EV, Lucid Air, and Tesla Model S are not eligible, as a vehicle’s MSRP cannot exceed a certain limit. For SUVs… Source: www.consumerreports.org
In 2022, the U.S. government Inflation Control Act (IRA) Despite its name, this law was actually primarily aimed at combating climate change and investing in America’s infrastructure. As part of this move, the new law makes several important changes. Source: Gear Patrol
Volvo suddenly slashed lease prices for its lineup of electric and plug-in hybrid vehicles. According to a bulletin Volvo sent to dealers today, many vehicles are benefiting from a $7,500 lease incentive, resulting in price reductions of up to $100 per month. this is… Source: www.carsdirect.com
As electric vehicle sales continue to soar, many new and prospective customers are wondering about their eligibility for federal tax credits on electric vehicles. Especially now that many new credits have returned to U.S. consumers (in addition to their significant share)… Source: electrek.co
The Inflation Control Act (IRA) made significant changes to which vehicles qualify for the electric vehicle federal tax credit. The status of the federal EV tax credit is expected to change again on January 1, 2024, which could potentially confirm the current list of EVs eligible for the federal EV tax credit. there is. Source: Cars Direct
And it’s official. Hyundai plans to break ground on a massive $5.5 billion electric vehicle factory in Bryan County, Georgia, on October 25th. After months of lobbying with U.S. authorities over changes to the EV tax credit in recently passed climate legislation, Korean Automobile… Source: electrek.co
A Tesla car abandoned on a lot in Chicago on March 28, 2022. The $7,500 tax credit for new electric car buyers is changing again after the US announced new guidelines affecting the car list. Source: www.npr.org