The Truth About Cars

JANUARY 30, 2024

4, equipped with SK On battery components, will be eligible for the full $7,500 Federal Tax Credit. 4, which start at a base MSRP of $38,995 before the tax credit, a more budget-friendly option in the electric SUV segment. 4 models is conditional on future battery production and may be subject to change.

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Baua Electric

JANUARY 19, 2024

2024 Cadillac Lyriq Sport trim (Source: Cadillac) General Motors says it is responding to a strong demand for luxury EVs by ramping up production of its Cadillac all-electric Lyriq SUV this year. The company says it has resolved its battery module production problems that have plagued sales for the last two years. Get started here.

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Baua Electric

MARCH 28, 2024

Kia’s first three-row electric SUV is off to a good start. Kia expects the EV9 will qualify for the full $7,500 EV tax credit by early next year. Kia America’s head of corporate communications, James Bell, told Nikkei that moving EV9 production to its West Point, GA plant will enable it to qualify for a part of the EV tax credit.

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Baua Electric

JANUARY 3, 2024

As sales of electric vehicles continue to grow in 2024, many new and prospective customers have questions about qualifying for a federal tax credit on electric vehicles. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place. How much is the federal tax credit?

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Electric Vehicles India

MAY 31, 2021

Nepal new budget: removes tax hikes on EVs, waives renewal & road tax for 5 years. Exemption of renewal and road taxes for five years if an existing petroleum vehicle switches to battery power. There will be exemption of renewal and road taxes for five years if an existing petroleum vehicle switches to battery power.

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Baua Electric

JANUARY 3, 2024

GM is offering a $7,500 incentive for EVs that lost eligibility for the EV tax credit. GM to give $7,500 incentive for non-qualifying EVs Two weeks ago, GM said the new Chevy Blazer EV and Cadillac Lyriq would lose eligibility for the US EV tax credit at the beginning of 2024. Until then, GM will fill in the gap for buyers.

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EV Adoption

NOVEMBER 26, 2021

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable. More on this below.

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Baua Electric

FEBRUARY 9, 2024

The first Hyundai plant dedicated to building EVs and batteries in the US will be open as soon as this October. According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. Munoz said EVs produced at the new plant will qualify for the tax credit.

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Green Car Congress

SEPTEMBER 22, 2021

Audi’s entry electric SUV Q4 e-tron lineup ( earlier post ) is ready for configuration by US buyers. Battery capacity (kWh). Anticipated potential federal tax credit. Prices exclude $1,095 destination charge, sales taxes, title, options, and dealer charges. Dealer sets actual price. Maximum Torque. (lb-ft).

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Baua Electric

JANUARY 23, 2024

January 1, 2023, kicked off a fresh start of new tax credits for vehicles, both new and used. Since then, much of the dust has settled on the Capitol as it continues to implement qualifying terms for tax credits , continuously shifting what used EVs do and do not qualify. Here’s the latest list. Here’s how it works.

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EV Adoption

AUGUST 4, 2022

Additionally, the IRA could actually receive enough votes to pass, but not without potentially several significant changes — including to some of the EV tax credit requirements. Battery Material and Component Requirements Cannot Be Met in the Near Term. Joe Manchin, via the Wall Street Journal. Joe Manchin, via the Wall Street Journal.

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EV Life

JANUARY 4, 2024

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?

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EV Life

OCTOBER 7, 2023

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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Plug in America

AUGUST 17, 2022

What the new EV tax credits in the Inflation Reduction Act mean for you. You may have heard about the Inflation Reduction Act (IRA) which includes the new federal EV tax credit and has now been signed into law by President Biden. . The new EV tax credit has spurred confusion among interested consumers.

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EV Life

SEPTEMBER 2, 2022

The passage of the US Inflation Reduction Act includes nearly unlimited funding for a $7500 EV tax credit on new EVs through 2032. Electric cars will qualify for EV tax credits and the qualification rules for credits will be really confusing. Let’s start with what electric vehicles still qualify for EV tax credits in 2022.

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Baua Electric

MARCH 4, 2024

The first three-row electric SUV from Hyundai will be named the IONIQ 9. Hyundai plans to change the name of the electric SUV from IONIQ 7 to IONIQ 9 as it looks to build off Kia’s success with the EV9. The brand is expected to reveal its first three-row electric SUV this June. Hyundai expects EVs built at the massive $7.6

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Electric Vehicles India

SEPTEMBER 16, 2021

Electric vehicles road tax exemption & subsidies of each state in India . This push can be observed in terms of incentives offered under the FAME-II scheme and waiving off registration fees and road tax by many states. 100% road tax exemption states. Optima HX (single battery). Optima HX (dual battery).

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Clean Fleet Report

MAY 31, 2024

All-New Compact Electric SUV The 2024 Chevrolet Equinox EV is hoping to be what many people have been waiting for—a 300+ mile all-electric range (AER) compact SUV that, with incentives, will be priced in the high $20,000 to low $30,000 range. Pricing and Availability The 2024 Chevrolet Equinox EV is arriving at dealers now.

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Charged EVs

SEPTEMBER 22, 2022

The recent passage of the Inflation Reduction Act—a sweeping package of tax, health care and climate measures—was like the happy ending to one of those heartwarming “Save Christmas” stories. The revamped tax credit scheme is clearly a great improvement over its predecessor. Unpacking the Inflation Reduction Act.

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EV Life

APRIL 7, 2023

That’s why it’s no surprise that the high sticker price of many electric vehicles, particularly Tesla models, has long been one of the main deterrents for people looking to buy a new car, truck, or SUV. Any unused funds are not available as a refund or to be used on the following year’s taxes. Not anymore.

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EV Life

DECEMBER 17, 2019

Americans are obsessed with SUVs and crossovers, which make up around 40% of all vehicles sold in the U.S. In addition to the mounting costs of gasoline, our love of SUVs is also costing the planet in terms of carbon emitted by sports utility vehicles (compared to more efficient sedans and hybrids.). Explore Dealer Offers.

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Cars That Think

MARCH 12, 2023

A battery will be the high-voltage heart of each of those 77 million electric vehicles, and by far their most expensive component, setting off a worldwide race to ethically source their materials and crank up production to meet exploding demand. Yet propelling this full-size luxury barge still demands a 112 kWh battery aboard.

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Blink Charging

JANUARY 19, 2024

Although the $7,500 consumer tax credit for buying an electric car is becoming more restrictive for new vehicles adhering to specific manufacturing requirements , there’s a provision enabling consumers to still enjoy the credit when leasing an EV assembled outside of North America. How Does Obtaining a Tax Credit for a Leased EV Work?

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Baua Electric

JUNE 17, 2024

After kicking off construction on its first EV assembly and battery plant in October 2022, the facility is almost complete. Once assembly begins, Hyundai expects EVs built at the facility to qualify for the $7,500 federal tax credit, giving the automaker even more momentum. billion Metaplant wraps up in Georgia.

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Clean Fleet Report

JANUARY 23, 2024

A Bona Fide Third Row in an Electric SUV Combine the Kia Telluride three-row SUV and the Kia EV6 crossover and you get the all-new, all-electric 2024 Kia EV9 three-row SUV. For a one time fee, a Boost mode can be downloaded through the dealer. kWh battery Single electric motor RWD 201 hp and 258 lb.­ -ft.)

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The Truth About Cars

JUNE 30, 2023

Canadian dealers of Mercedes-Benz vehicles are reporting that the automaker is considering revising its strategy for North America. The dealers attended a market-wide retailers meeting in Vancouver held in May and noted that the automaker was fretting about consumer hesitancy over expensive electric vehicles.

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Baua Electric

JUNE 3, 2024

If you’re seeing more electric Hyundai SUVs out and about, it’s not just you. 2024 Hyundai Kona electric (Source: Hyundai) Hyundai is opening its first EV and battery plant in the US later this year, which is expected to spark even more momentum. You can use our links below to find deals on Hyundai EV models at a dealer near you.

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EV Life

OCTOBER 21, 2023

The most significant incentive, outlined in the Inflation Reduction Act of 2022 , comes in the form of a $7,500 tax credit for eligible drivers and vehicles. Household income limits, vehicle price restrictions, assembly locations, and battery component requirements all factor into whether your EV purchase qualifies and how much you can save.

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Baua Electric

FEBRUARY 27, 2024

February 26, 2024, will forever be known as Hyundai Day in the state of Georgia as the automaker gears up to begin production at its first dedicated EV and battery plant in the US later this year. Hyundai initially planned to begin production early next year, but the automaker is plowing ahead with the $7,500 federal tax credit on the line.

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EV Adoption

JANUARY 2, 2023

Hailed as a huge win for auto manufacturers, car dealers, and consumers, the Clean Vehicle Credit (CVC) which is part of Inflation Reduction Act (IRA), at least for now is a confusing, hot mess for everyone involved. A phaseout of the tax credit occurred over several quarters down to zero. Confused yet?

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Baua Electric

MARCH 14, 2024

4 is already one of the most affordable electric SUVs in the US. The Standard range model, powered by a 62 kWh battery, has up to 209 miles range. 4 models will qualify for the full $7,500 EV tax credit. 4 models with US-made SK On battery components will be eligible. Both SK and LG Chem provide batteries for the RWD ID.4

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Baua Electric

MARCH 12, 2024

Hyundai revealed the new IONIQ 5 refresh earlier this month, which includes several design upgrades, a bigger battery (with more range), and an added rear wiper. In Korea, Hyundai added about 7 kWh of battery to the new IONIQ 5, bringing the total to 84 kWh. Hyundai’s first three-row electric SUV was also recently spotted testing.

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The Truth About Cars

JUNE 3, 2024

But they’re also trying to circumvent emissions regulations and noticed that building increasingly large SUVs and pickups (at the expense of everything else) allowed them to simultaneously do both. Automakers want to maximize their per-vehicle profits to help offset declining annual vehicle sales.

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Blink Charging

OCTOBER 31, 2023

Federal Incentives for Purchasing an EV Among the federal government’s incentives for drivers, you can find tax breaks for both new and used EVs that are in place until the end of 2032. Beginning in 2024, the consumer clean vehicle tax credits can be available at the point of sale by transferring your credit to the dealership.

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Baua Electric

JUNE 10, 2024

After launching the EV9 last year, Kia has sold 7,766 electric SUVs through May, also a new record. With EV9 assembly kicking off at its West Point, GA plant last month, Kia expects it to gain access to the $7,500 tax credit, which should help drive demand. In the meantime, Hyundai has been passing the incentives on through leasing.

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Clean Fleet Report

JUNE 27, 2024

The First Plug-in Battery Hydrogen Fuel Cell Electric Goes on Sale This week Honda announced pricing for the CR-V e:FCEV, which is scheduled to go on sale in California (only) next month. In a first-ever technology pairing, Honda has mated plug-in battery electric and hydrogen fuel cell electric in the all-new 2025 CR-V e:FCEV.

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Baua Electric

DECEMBER 30, 2023

It’s giving its EQS hatchback, EQS SUV, EQE sedan, and EQE SUV lineups a heat pump for the U.S., revamped regenerative and friction braking for an “improved brake feel,” an all-wheel-drive disconnect to add range, and for the EQS SUV, a boost to its battery’s usable kwh. As we lead up to a winner on Jan.

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