EV Tax Credit
Here are the 5 EVs that qualify for the full federal tax credit in 2024
The U.S. government has revealed the list of electric vehicles that qualify for the full federal tax credit under the newer, more stringent guidelines, and you can count them on…
The EV tax credit is about to get better, and also harder to find
The federal tax credit for electric vehicles is about to change in one particular way that will make it far more attractive to buyers. Starting January 1, the rebate —…
Tesla’s cheapest vehicle is losing half its tax credit next year
Tesla’s lowest-priced vehicle, the rear-wheel-drive Model 3, won’t be eligible for the full $7,500 federal tax credit as of next year. Tesla started warning buyers (and window-shoppers) on Monday that…
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…
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…
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…
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.…
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…
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 battery…
Featured Article
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 $7,500 EV tax credit. Tl;dr not all new EVs or other clean vehicles (and even used ones) are created…
