When new EV tax credit requirements went into effect in April, the number of electric vehicles eligible for the $7,500 tax break dropped dramatically. Currently, only about a dozen cars, mostly made by American automakers, are on the IRS’s official list. But almost every make and model of EV… Source: www.cnet.com
On January 1, 2023, a new tax credit begins for both new and used cars. Since then, a lot of dust has settled on Parliament House as it continues to introduce tax credit conditions and continually change what used EVs are and are not eligible for. Source: electrek.co
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
The $7,500 tax credit for electric vehicles will change significantly in 2024. Now available as an instant rebate, it should be easier to get… Source: www.npr.org
Due to changes to the federal electric vehicle tax credit, some General Motors EVs will no longer qualify for the tax credit next year. After January 1, 2024, the Cadillac LYRIQ and Chevrolet Blazer EV will no longer be available in any part of the Commonwealth Territory. Source: Cars Direct
The Senate just passed a $740 billion bill on tax reform, climate change, and lower health care costs, so Tesla could continue to receive big government benefits. The huge climate section of USD 370 billion includes newly issued credits for the purchase of used electric vehicles or automobiles. Source: www.notebookcheck.net
For the first time in years, some Tesla vehicles will be eligible for a $7,500 federal tax credit for new electric vehicles. But only some vehicles, and only some buyers… Source: www.npr.org
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