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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates

EV Life

Buying a new car is one of the most significant purchases you’ll likely make in your life, so you want to make sure you’re getting the best deal available. The EV tax credit outlined in the Inflation Reduction Act of 2022 is non-refundable, meaning it can only be applied to money you already owe in the tax year you purchase your vehicle.

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Nine EVs that lease for under $400/month: Ioniq 5, Solterra, Niro, Ioniq 6, more

Baua Electric

Hyundai IONIQ 5 (left) and IONIQ 6 (right) at Tesla Supercharger (Source: Hyundai) There’s a loophole in the stricter IRA federal tax credit that only applies $3750 rebates on North American-built cars and separately $3750 on domestic batteries. For whatever reason, all EVs get the full $7500 applied to leases, however.

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Five EVs that lease for under $300/month

Baua Electric

The Hyundai IONIQ 6 / Credit: Hyundai North America Last February there were nine EVs that leased for an average monthly cost of under $400 before tax and license. Hyundai dealers don’t stock many of these gems. So those willing to settle for the base model’s relatively mild 8.7-second

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Next 10 report says widespread EV adoption in California could deliver significant economic benefits to the state by 2030 and 2050

Green Car Congress

These results indicate that wider and more rapid PEV adoption will benefit most Californians—whether they buy a PEV or not—by stimulating the overall economy and reducing harmful criteria pollution. This overall economic expansion generates billions in additional revenue per year from existing tax instruments.

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News: 2023 Genesis Electrified GV70 AWD

Clean Fleet Report

Genesis showed a pre-production 2023 Electrified GV70 at the 2022 Los Angeles Auto Show. The philosophy of quality and expectations need to be met, as Genesis is an unknown entity to much of the car buying public. Son Him in Korean translates to “Honored Guest,” which is how Genesis considers its current and future customers.

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Flash Drive: 2024 Acura ZDX Type S

Clean Fleet Report

A-Spec RWD $65,850 A-Spec AWD $69,850 Type S AWD $74,850 Type S AWD $75,850* (*With the Performance Wheel and Tire Package) The ZDX is built in Spring Hill, Tennessee, meaning it will qualify for federal and state tax credits. The 2024 ZDX A-Spec and ZDX Type S are on-sale now at Acura dealers in all 50 states. Hyundai Ioniq 5 N at 3.1

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Hyundai launches new subscription program for Ioniq Electric

Green Car Congress

Initial tax, title, license and fees (except California sales tax). This initiation fee includes all taxes (except California sales tax) and dealer charges, as well as the first monthly payment. At the dealer, the shopper just signs a few forms and drives away in an Ioniq Electric. Hassle-free transaction.

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