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Which EVs Still Qualify for Federal Tax Credits?

The Truth About Cars

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. Formerly eligible models from BMW, Audi, Volkswagen, and Volvo have been bumped off the list.

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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. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China.

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BMW i3 REx Range-Extended Electric: No NJ Sales-Tax Exemption, Costing Owners Extra $3,000-Plus

Green Car Reports

Electric cars enjoy many incentives, from tax credits and purchase rebates through carpool-lane access, to encourage buyers to give them a try.

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Tips for purchasing a new EV amid a vehicle shortage

Plug in America

High demand/brand new models such as the BMW i4, Ford Mustang Mach-E, and Hyundai IONIQ 5 are in extremely high demand and short supply on dealership lots. If you are open to colors and options and want your EV sooner, a good dealership will keep your information and notify you when a unit is available for purchase. .

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The Best Electric SUVs on the Market

EV Life

Like their electric car cousins, all-electric SUVs have come a long way—batteries have evolved to increase range and improve performance, new motors are providing impressive torque and towing capabilities, and prices have come down to make options more affordable, making these SUVs some of the most attractive sport utility options out there.

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Feature: Top 6 Reasons Why an EV Is the Right Choice

Clean Fleet Report

One of the reasons behind the drastic increase in sales was the more affordable price range of the Tesla Model 3, a best-seller in the U.S., Car dealerships will advise you on the frequency of maintenance needed at the time of purchase. You can now purchase an electric vehicle at a fair price due to the existing tax credits.

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Tesla Model 3 Performance bows with adaptive suspension, track mode

Baua Electric

seconds, a 163 mph top speed, and 296 miles of range. Tesla Model 3 Performance Pricing starts at $52,990 before destination, putting the Performance at the top of the Model 3 lineup, above the Long Range All-Wheel Drive ($47,740) and Rear-Wheel Drive ($38,990). Tesla has been applying these credits at the time of purchase.