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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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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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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?

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Ford just opened orders for its enhanced-range E-Transit

Baua Electric

Photo: Ford Ford Pro is now taking orders for the newest version of its commercial EV, the E-Transit, with up to 32% more range and faster charge times. Ford says that makes it capable of new use cases such as refrigerated delivery. All new E-Transits will have access to Ford’s new NACS adapter in addition to its CCS port.

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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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These are the best 2024 Memorial Day EV deals so far

Baua Electric

2024 Kia EV9 (Source: Kia) CarsDirect is busy hunting down the best Memorial Day EV deals – here are three standouts from Tesla, Kia, and Ford. CarsDirect reported earlier in May that the $7,500 federal tax credit can make the Model Y $9,000 cheaper than a Model 3. Click here to find a local dealer that may have the Kia EV9 in stock.

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