EV Tax Credit

EV buyers can soon get the $7,500 tax credit at time of purchase

Starting in January, the IRS will make the $7,500 federal EV tax credit available immediately via dealers. The Treasury Department announced the update on Friday, noting that dealers will have the opt

Tesla says Model 3, Model Y tax credits likely to be reduced by 2024

Tesla said the $7,500 federal tax credits for its Model 3 and Model Y electric vehicles are likely to be reduced after December 31, according to a change on the automaker’s website late Tuesday.

Kia to invest $200M in Georgia plant to build EV9 SUV

South Korean automaker Kia said Wednesday it plans to invest over $200 million in its assembly plant in Georgia, where it will begin production of the electric EV9 SUV next year. The news comes as for

Tesla says all new Model 3s now qualify for full $7,500 tax credit

All new Tesla Model 3 vehicles will now qualify for the full $7,500 federal EV tax credit, according to a change in Tesla’s website and updated information by the U.S. government. The EV tax cre

BMW, Rivian, Hyundai, Volvo lose access to EV tax credit

The United States Treasury updated its list of electric vehicles eligible for a $7,500 EV tax credit per its new rules for battery sourcing, and BMW, Nissan, Rivian, Hyundai, Volvo and Volkswagen are

Battery sourcing guidance might slash EV tax credits

UPDATE: Tesla tweaks Model 3 page of U.S. website encouraging buyers to take delivery now in anticipation¬†of reduced tax incentives by March 31.¬† The U.S. Treasury Department’s guidance on bat

A complete guide to the new EV tax credit

Tucked inside the massive Inflation Reduction Act of 2022 that was signed into law in August is a complex set of requirements around which EVs and other clean vehicles do and do not qualify for a $7,5