The Truth About Cars

JANUARY 29, 2025

Even without tariffs, the new administration has promised to kill the federal EV tax credits, which many automakers relied on to drive sales. 4 production to its Chattanooga, TN facility to qualify it for tax credits, but it could face notable challenges if they are removed. VW moved ID.4

Canada 104

Canada Tax Credit Tax General Motors 104

Green Energy Consumers

APRIL 21, 2023

Earlier this month, we published a blog warning that the list of electric vehicles (EVs) that qualify for the federal tax credit would change on April 18, when the battery requirements written into the Inflation Reduction Act (IRA) finally kicked in.

Tax Credit 92

Tax Credit Tax Electric Cars Electric 92

The Truth About Cars

MARCH 6, 2024

The automaker recently announced that its upcoming Prologue EV would be eligible for federal tax credits of $7,500, meaning buyers can get around 15 percent off the SUV’s purchase price at the point of sale. Tax credits bring the Prologue’s starting price down to $41,295 after a $1,395 destination charge.

Tax Credit 105

Tax Credit Tax Honda General Motors 105

The Truth About Cars

MARCH 7, 2024

The automaker announced that the car has regained eligibility for federal tax credits, though for only half of the maximum $7,500. With the credit, the Leaf starts in the mid-$25,000 range, extending its lead as the cheapest EV on sale. has a free-trade agreement.

Tax Credit 104

Tax Credit Tax Nissan Tennessee 104

Blink Charging

APRIL 13, 2023

Usually when discussing federal electric vehicle tax credits in the United States , most people are referring to the Clean Vehicle Credit (formerly the Qualified Plug-in Electric Drive Motor Vehicle Credit) for new EVs. But that’s not the only federal tax credit for buying an EV.

Tax Credit 95

Tax Credit Tax Clean Cleaning 95

Green Car Reports

JUNE 18, 2024

market, a move that could allow it to be eligible for a federal tax credit and hit a $30,000 price point, reports Korean Car Blog (via Electrek). The Kia EV3 electric SUV could be assembled in Mexico for the U.S.

Mexico 161

Mexico Kia Tax Credit Price 161

The Truth About Cars

DECEMBER 7, 2023

Earlier this year, the rules around EV tax credits seemed to be changing every other week. While things have calmed down since then, we’re about to see more action on the topic, as the Treasury recently released new guidance on battery materials sourcing that will upend credits for some EVs.

Tax Credit 104

Tax Credit Tax Ford Kentucky 104

The Truth About Cars

JANUARY 4, 2024

The EV tax credit rules changed again at the beginning of 2024, and stricter requirements on battery materials sourcing cut several previously qualified models from the list. Most GM models failed to make the cut, at least temporarily, and the automaker is offering $7,500 compensatory discounts to keep sales flowing.

Tax Credit 111

Tax Credit GM Tax Cadillac 111

EV Club of CT

FEBRUARY 14, 2024

Federal Tax Credit for Buying/Installing EV Chargers Before the passage of the Inflation Reduction Act, every residence was eligible for a tax credit of 30% of the cost of the purchase and installation of residential. Read more

Tax Credit 74

Tax Credit Tax Installation Buy 74

The Truth About Cars

APRIL 17, 2023

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify.

Tax Credit 97

Tax Credit Tax North America Chevrolet 97

Blink Charging

FEBRUARY 23, 2023

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. First, the easy part: How do I claim the $7,500 EV tax credit?

Tax Credit 72

Tax Credit Tax Electric Vehicles North America 72

EV Club of CT

MARCH 14, 2025

How The Federal EV Tax Credit Works at Tax Time The usual caveat applies. This is our best effort to provide updated information, but a tax professional should be consulted for a final determination. Read more

Tax Credit 53

Tax Credit Tax Electric Vehicles Vehicles 53

The Truth About Cars

JANUARY 21, 2025

The Honda Prologue has been selling like hotcakes, thanks to aggressive incentives and the federal EV tax credit. Acura now wants in on that action and is offering a lease deal on a 2024 ZDX that could make it less than $300 per month. The ZDX shares most of its design with the Honda Prologue, and both are built by GM.

Acura 108

Acura Los Angeles Tax Credit Honda 108

The Truth About Cars

FEBRUARY 11, 2025

2025 Rivian R1T The discounts help mitigate Rivians premium-level pricing and almost make up for its vehicles lack of federal tax credit eligibility, though theres no telling how much longer the credits will be available at all. and Canada.

Gas 98

Gas Tax Credit Vehicles Canada 98

The Truth About Cars

FEBRUARY 14, 2025

Hyundai plans to build the Ioniq 9 in the United States, which will help with tax credit eligibility and other trade-related issues, though theres no telling how much longer well see tax credits for new EV purchases. Its expected to offer up to 330 miles of driving range, but those numbers usually change in the U.S.

South Korea 71

South Korea Hyundai Tax Credit United States 71

The Truth About Cars

MARCH 27, 2025

While moving EV production to the United States will help Hyundai, Kia, and Genesis gain tax credit eligibility, theres no telling how much longer they will be available. The Ioniq 5 started production at the location late last year, and other models, including some from Kia and Genesis, will be built there.

Georgia 71

Georgia Hyundai Production Tax Credit 71

EV Club of CT

AUGUST 19, 2022

Post by Barry Kresch Tax Credit for Purchase and Installation of an EV Charger The recently passed Inflation Reduction Act has amended US Code 26, Section 30C to reinstate a tax credit for the purchase. Read more.

Tax Credit 105

Tax Credit Tax Installation Purchase 105

Blink Charging

NOVEMBER 16, 2023

To encourage clean and energy-efficient vehicle adoption, the United States government has made significant changes to the Clean Vehicle tax credit, to take effect from January 1, 2024. These changes make it easier for drivers to access tax credits when purchasing clean vehicles. What Is the Clean Vehicle Tax Credit?

Tax Credit 52

Tax Credit Tax Clean Cleaning 52

Plugs and Cars

JANUARY 13, 2009

Tesla will be producing battery packs for Daimler's electric Smart, reports Ken Basinger in the LA Times blog Up to Speed. The electric Smart is eligible today for $7500 in federal tax credits. One thousand packs will be delivered this year and next. In 2007 Tesla pulled out of an agreement with Th!nk

Tax Credit 100

Tax Credit Batteries Battery Tesla 100

The Truth About Cars

MAY 4, 2023

Though their electric vehicle lines are among the most compelling new zero-emissions models, Kia and Hyundai’s EVs don’t currently qualify for federal tax credits because of where they’re built. Both are working toward bringing EV production to the U.S.,

Tax Credit 52

Tax Credit Kia Tax South Korea 52

The Truth About Cars

MARCH 11, 2025

Charging networks and quality-of-life improvements for EV owners will become more important as tax credits and other incentives dry up. The automaker said that it knows owners will drop the adapters and noted that it built them with robust sealing. One test involved running over the adapter with a Ford F-150 Lightning.

Ford 59

Ford F-150 Tax Credit Tax 59

The Truth About Cars

FEBRUARY 12, 2024

Though it’s eligible for federal tax credits, Tesla is temporarily decreasing pricing on the SUV, dropping it to $42,990 for the base model and $47,990 for the Long Range model. Tesla also lists the post-tax credit prices, which can be applied at the point of sale starting this year.

Price 111

Price Tax Credit Tesla Tax 111

National Green Transportation

OCTOBER 26, 2011

On monday, Justin Horner in a post on the Natural Resources Defence Council Switchboard blog called attention to Congressional inaction on a commuter tax benefit which will expire if a bill remains stuck in committee. The employer sponsored tax.

Tax Credit 48

Tax Credit Tax 48

The Truth About Cars

MAY 11, 2023

That said, the expansion is aimed at the company’s Japanese operations, so it’s not a promising sign for buyers wanting a federal EV tax credit. I wonder if American consumers choose their cars solely based on tax credits. customers are quality customers. We also keep our incentives at low levels.

Tax Credit 98

Tax Credit Tax Buy Toyota 98

EV Club of CT

NOVEMBER 5, 2023

IRA Incentive Update – Transfer Provision Goes Into Effect in January A Tax Credit Becomes a Point of Sale Rebate The transfer provision of the federal IRA EV incentive is scheduled to go into effect. Read more

Tax Credit 105

Tax Credit Tax Sale Electric Vehicles 105

The Truth About Cars

AUGUST 26, 2024

The rules around federal EV tax credits changed at the beginning of this year, making it more difficult for vehicles to qualify. Even so, buyers can get around the rules by leasing an EV, which opens the door to the full $7,500 credit regardless of the model. are leased.

Tax Credit 105

Tax Credit America Sale Financing 105

The Truth About Cars

APRIL 29, 2024

That price hike will come as a disappointment to hopeful buyers, but it’s still the only car in the Model 3 line that qualifies for federal tax credits, which can make it less expensive than the Long Range variant in some configurations.

Tax Credit 105

Tax Credit Price Tesla Tax 105

National Green Transportation

OCTOBER 26, 2011

On monday, Justin Horner in a post on the Natural Resources Defence Council Switchboard blog called attention to Congressional inaction on a commuter tax benefit which will expire if a bill remains stuck in committee. The employer sponsored tax.

Tax Credit 45

Tax Credit Tax 45

Blink Charging

APRIL 4, 2023

Thanks to new tax credits for EVs and EV charging stations as well as lower fuel and maintenance costs for EVs, fleet managers can now save money while setting an example for other organizations. Limited time to claim tax credits for EV fleets There are currently numerous incentives to purchase EVs and EV charging equipment.

Fleet 92

Fleet Tax Credit Vehicles Tax 92

The Truth About Cars

APRIL 19, 2023

Though it’s now cheaper to buy a new Tesla Model 3 or Model Y, some are eligible for federal tax credits, making them even more appealing. Some Model 3s are only eligible for half the credit because of battery materials sourcing rules, but the automaker’s domestic battery production efforts and large U.S.

Tax Credit 98

Tax Credit Tesla Tax United States 98

Blink Charging

FEBRUARY 15, 2024

A couple of federal funding programs that pertain to truck stops and roadside convenience stores are: Alternative Fuel Vehicle Refueling Property Tax Credit National Electric Vehicle Infrastructure Formula Program (NEVI).

Store 104

Store Installation Electric Vehicles Tax Credit 104

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.

Tax Credit 94

Tax Credit Tax North America Cleaning 94

The Truth About Cars

JANUARY 11, 2024

Sales climbed just over one percent in the last quarter of 2023, but updates to the EV tax credit rules may spur more sales going forward, as buyers can now use the tax credit as a discount at the time of the sale instead of waiting for a year-end refund.

Fleet 111

Fleet Tax Credit Tax Chevrolet 111

The Truth About Cars

AUGUST 2, 2023

federal tax credits because they’re both built in Japan, making moving EV production to a domestic location the most logical next step for both. Several other automakers are considering or are in process with similar plans to meet the tax credit requirements. Neither automaker’s current EVs are eligible for U.S.

Kentucky 98

Kentucky Toyota Building Tax Credit 98

The Truth About Cars

MARCH 8, 2024

4 range, it remains the only European EV that qualifies for federal tax credits in the United States. VW started building the SUV in Tennessee and sources batteries from SK On, giving the vehicle full access to the $7,500 credit. Though it’s disappointing that VW didn’t make more substantive changes to the entire ID.4

Tax Credit 105

Tax Credit Tennessee Tax Affordable 105

The Truth About Cars

NOVEMBER 8, 2024

The Cybertruck has never been as cheap as Tesla originally promised, but the new lease deals at least open the door to federal tax credits. Lessees get the $7,500 credit for vehicles that would otherwise not qualify for one. Pricing starts at $79,990 for the AWD variant and $99,990 for the Cyberbeast.

Tax Credit 119

Tax Credit Tesla Cheap Tax 119

The Truth About Cars

MARCH 6, 2024

While not currently eligible for federal tax credits, BMW’s EVs can be leased to receive the $7,500 discount others get. Kia recently announced $5,000 off the brand-new EV9, and General Motors has discounted some of its models that lost federal tax credit eligibility.

BMW 104

BMW Tax Credit General Motors Tax 104