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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car.

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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

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. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car. .

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Here’s every electric vehicle that currently qualifies for the US federal tax credit in 2024

Baua Electric

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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Here are all the used EVs that qualify for a $4,000 tax credit

Baua Electric

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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Road Test: 2021 Chrysler Pacifica Plug-in Hybrid

Clean Fleet Report

Photos by John Faulkner and Chrysler. The newly styled 2021 Chrysler Pacifica Hybrid is ready for your test drive. When Clean Fleet Report first reviewed the Chrysler Pacifica Hybrid in 2017, it was the only electrified minivan on the market. Impressive Efficiency. Impressive Luxury. Story by John Faulkner. Ready to ride.

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EV Tax Credit: 19 EVs that still qualify in 2022 under the Inflation Reduction Act

EV Life

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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Zero EVs May Qualify For the Federal Tax Credit Under the Inflation Reduction Act Requirements

EV Adoption

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. That is a very good thing, but tying this requirement to a consumer-facing tax credit that results in few or zero EVs qualifying, is probably not the best approach.