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. But there are a few more hoops to jump through if you want the government to offer some cash back on your EV purchase.

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Clean Fleet Report

AUGUST 24, 2021

Cadillac has tried electrifying cars before. Based on the Chevrolet Volt platform and technology, the ELR coupe was ahead of its time for the traditional Cadillac buyer, which was too bad. Then in 2017 along came the CT6 PHEV , an electrified version of Cadillac’s full-size, flagship sedan, but 2019 saw the end of this car.

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Teslarati

FEBRUARY 3, 2023

Tesla’s complete lineup of Model Y trim levels now qualifies for electric vehicle tax credits through the Inflation Reduction Act, as the Internal Revenue Service (IRS) has increased the applicable MSRP limit to $80,000 across each of the all-electric crossover’s configurations.

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Clean Fleet Report

JUNE 28, 2022

All-New Luxury EV Leads the Way for Cadillac. Setting the new course of Cadillac. The all-new, all-electric 2023 Cadillac Lyriq, scheduled to hit showrooms in a few weeks (early July 2022), is expected to be a game changer for the brand. The Electric Cadillac. average of $67,500 (U.S. It baffles me, but heck…go for it!

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Clean Fleet Report

OCTOBER 20, 2024

The Flagship Cadillac EV An all-electric Cadillac? Debuting in July 2022 as a 2023 model, the Lyriq continues to be the flagship for Cadillac’s EV efforts. Premium Cruising Cadillac did not design nor will they be selling the Lyriq as a performance or sport midsize SUV. It baffles me, but heck, go for it!

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Cadillac General Motors All-Electric Chevrolet 85

Baua Electric

MARCH 7, 2024

The 2024 Honda Prologue, the brand’s first all-electric SUV, qualifies for the full $7,500 EV tax credit. With the added credit, the Honda Prologue hits the “sweet spot,” with starting prices under $40,000. With the added credit, the Honda Prologue hits the “sweet spot,” with starting prices under $40,000.

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EV Life

MAY 19, 2023

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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Baua Electric

JANUARY 3, 2024

Those Costco members who were hoping to see a shiny new Cadillac LYRIQ in the driveway this holiday season might have a second chance. The auto program of the famed wholesaler is offering discounts on select Cadillac models , including $1,000 off a 2024 LYRIQ… but only for a limited time. In fact, 26.2% through Nov. for the industry.

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Teslarati

APRIL 29, 2023

This includes some trims of Tesla Model 3 and Model Y , Chevy Bolt/Bolt EUV, Ford F-150 Lightning, Cadillac Lyriq, and Volkswagen ID.4. Bloomberg notes that, due to this new loophole, Ford’s credit division now believes a record number of its EVs will be acquired through lease instead of a traditional purchase.

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Teslarati

FEBRUARY 9, 2023

Brand loyalty studies performed by the publication have shown that CEO Elon Musk’s purchase of Twitter last year may have rubbed some consumers the wrong way. market by 13 percent in January and now has its entire Model Y lineup qualifying for government tax credits.

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EV Life

JUNE 8, 2023

The Model Y qualifies for the full $7,500 federal EV tax credit. At the moment, the Mach-E only qualifies for half of the federal EV tax credit, providing eligible drivers a credit of up to $3,750. The Chevy Bolt EUV also qualifies for the full $7,500 federal EV tax credit. The other upside?

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Baua Electric

APRIL 25, 2024

According to GM the V2H bundle will initially only be available for purchase in California, Florida, Michigan, New York, and Texas. “We It confirmed that the 2024 GMC Sierra EV Denali Edition 1, 2024 Chevrolet Blazer EV, 2024 Chevrolet Equinox EV , 2024 Cadillac Lyriq, and the future Cadillac Escalade IQ will also be part of that rollout.

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Baua Electric

SEPTEMBER 24, 2024

We found that current factory lease offers on 22 different EV models dispel that myth with terms that pass the entire commercial clean vehicle Federal tax credit to the lessee, enabling the lessee to eventually own the vehicle for thousands of dollars less than paying cash upfront or taking out a loan.

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Clean Fleet Report

JANUARY 23, 2024

The latter two require additional equipment to be purchased and installed on your home. Speak with your tax advisor and dealer sales representative for clarification and details. It also has Vehicle-to-Home (V2H) capability and soon will have Vehicle-to-Grid (V2G) capability.

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Kia SUV All-Electric MPH 91

Baua Electric

MAY 2, 2024

By January 2024, we got official pricing, which was a bit higher than initially promised unless you include the maximum federal tax credits available in the US, which this model should qualify for. I think pricing will be the most detrimental to ZDX’s success in the current market.

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Baua Electric

OCTOBER 18, 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. More on that below.

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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 Life

MAY 5, 2023

You should consult your own tax, legal and accounting advisors before engaging in any transaction. Federal EV Tax Credit 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.

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The Truth About Cars

JUNE 12, 2024

Regardless of how you feel about EVs and the tax credits offered by the federal government, the truth is that people are using the incentives. Since January 1, EV buyers have seen more than $1 billion in savings on their purchases, with around 150,000 new and used vehicle sales so far this year.

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EV Life

AUGUST 17, 2022

Federal EV Tax Credit. 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. The tax credit depends on the manufacturer you choose and vehicle battery.

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Baua Electric

JANUARY 2, 2024

The list of electric vehicles qualified for the EV tax credit in calendar year 2024 has been released. And as anticipated by automakers in recent weeks, the Chevrolet Blazer EV and Cadillac Lyriq don’t yet make the list, while the Ford Mustang Mach-E is for now completely disqualified. And as expected, it’s very short.

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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. 2022 EV Tax Credits. What about EV tax credits in 2023?

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EV Adoption

JANUARY 2, 2023

Clean Vehicle Credit Background Part of the intent of the CVC was to correct flaws in the previous tax credit known as IRC 30D, which among other things had a poorly designed cap on manufacturers of 200,000 vehicles. A phaseout of the tax credit occurred over several quarters down to zero. Confused yet?

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Baua Electric

MARCH 8, 2024

The 2024 Honda Prologue and 2024 Acura ZDX will both qualify for the full $7,500 federal EV tax credit, Honda and its Acura luxury brand have confirmed. The tax credit drops the Prologue’s base price to $41,295 with destination. 2024 Acura ZDX The tax credit brings the ZDX’s base price below $60,000.

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EV Adoption

NOVEMBER 29, 2021

In my previous article, Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives , I outlined and analyzed 13 proposed changes to IRC 30D (federal EV tax credit). But all of these PHEVs have batteries of around 9 kWh and so they could easily be upgraded to 10 kWh to qualify for the tax credit.

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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. By my initial analysis, those two provisions would disqualify roughly 70% of all EVs from the tax credit. Other EV Tax Credit Changes in the IRA.

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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.

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