Plug-in hybrids are perfect for buyers who want to take advantage of federal tax credits but are hesitant to go all-in on EVs. Like EVs, plug-in hybrids (PHEVs) are eligible for up to $4,000 even if they are used cars. And here again, you can use that money to buy… Source: www.caranddriver.com
Good news for those considering purchasing an electric car. Instead of claiming a tax credit on your EV purchase, you can now receive an upfront rebate from the federal government. This also applies to used EVs, which can significantly reduce the number of buyers. Up to $4000. Instead of waiting until tax time, customers… Source: www.caranddriver.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
The US government has secured funding to expand the country’s EV charging network. The Biden Administration announced today that $623 million in grants will help build more public chargers in communities and along major highways. The goal is to install at least 500,000 public chargers in the United States by 2030. One of the major problems in introducing EVs is… Read More
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