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How New Eligibility Criteria for the Electric Vehicle Tax Credit Affects You

Blink Charging

Opting for an electric vehicle and leveraging the EV tax credit to help with your next electric vehicle purchase is a smart move. Initial $3,750 Tax Credit : If you want to secure the first half of the tax credit, your new vehicle’s battery components need to be made or assembled in North America.

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EV Tax Credit: 19 EVs that still qualify in 2022 under the Inflation Reduction Act

EV Life

When President Biden signed the Inflation Reduction Act on August 17, a new rule took effect requiring that EVs must be assembled in North America to qualify for a EV tax credit going forward. 4* 2023 Personalize incentives Volvo S60 2022 Personalize incentives *Only North America made Volkswagen ID.4 Not listed.

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Which EVs Still Qualify for Federal Tax Credits?

The Truth About Cars

And here are the models that managed to qualify for one of the $3,750 credits: Ford Escape PHEV (2022-23); Ford Mustang Mach-E (2022-23); Ford E-Transit (2022-23); Grand Cherokee Plug-in Hybrid 4xe (2022-23); Jeep Wrangler Plug-in Hybrid 4xe (2022-23); Lincoln Corsair Grand Touring (2022-23); Tesla Model 3 Standard Range Rear-Wheel Drive (2022-23).

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The Clean Vehicle Credit Is A Confusing Mess

EV Adoption

1 for up to $7,500 in commercial clean vehicle tax credits, a decision that makes those assembled outside North America eligible. But when it comes to purchases, the new Treasury guidance does not change the definition of what constitutes North American assembly.” Confused yet?

Clean 52
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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

Green Car Congress

Broadly, Navigant expects expansion in both the higher end of the market (thereby putting competitive pressure on Tesla Motors), as Audi, BMW, Cadillac, Mercedes, Saab, and Volvo introduce their first plug-in cars. First, there are more products available for purchase with new entrants ready to boost the market profile.

2014 346
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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car. Only North America made Volkswagen ID.4 Federal EV Tax Credit. Not listed. 4 models qualify. Submit VIN number to verify.

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81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. Applicants can receive a non-refundable tax credit of up to $7,500 on the purchase of any of the eligible vehicles listed under the IRA. Critical minerals. Battery components.