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Thousands of auto dealers sign up to offer new on-the-spot tax credit

Electrek

New year, new rules: As of January 1, things are about to get a little easier when it comes to getting your federal tax credit for buying an electric vehicle. And auto dealers are signing up in droves with the IRS. moreā€¦ The post Thousands of auto dealers sign up to offer new on-the-spot tax credit appeared first on Electrek.

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EV tax credit shifts to rebate Jan. 1, and not all dealers are ready

Green Car Reports

car dealerships have not registered to begin offering the federal EV tax credit at the point of sale when that option becomes available Jan. More than 7,000 dealerships have registered with the IRS to offer tax credits of up to $7,500 as point-of-sale rebates, the U.S. Treasury Department said Friday. But there are nearly 17,000.

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VW ID.4 AWD Pro to reach dealers in Q4 with starting MSRP of $43,675

Green Car Congress

4 AWD electric SUV, bound for dealers in the US in the fourth quarter. 4 models are eligible for a potential Federal tax credit of up to $7,500, and include three years of unlimited public DC fast charging on the Electrify America network at no additional cost. Volkswagen revealed the new ID.4 seconds for the AWD Pro model, the ID.4

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Alfa Romeo starts production of its first plug-in hybrid; Tonale offers 30 miles electric range

Green Car Congress

The Tonale PHEV will begin arriving at dealers in June. US customers who choose to lease their all-new Alfa Romeo Tonale can take advantage of a $7,500 federal EV tax credit. The plug-in hybrid powertrain features a 15.5-kWh kWh lithium-ion battery and 90 kW electric motor.

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Cadillac ELR EREV goes on sale in January, starting price $75,995

Green Car Congress

The 2014 ELR has a starting price of $75,995, including a $995 destination charge but excluding tax, title, license and dealer fees. Base price of a 60 kWh Tesla Model S—without Federal tax incentive, but with destination fee—is $71,070.) Official EPA estimates are not yet available. 2014 Cadillac ELR.

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2023 Hyundai Ioniq 5 price hiked $1,500ā€”before the $10,000 dealer markups

Green Car Reports

The 2023 Hyundai Ioniq 5 gets a roughly $1,500 price hike for its sophomore model year, but that could prove insignificant next to loss of eligibility for the federal EV tax credit and persistent dealer markups.

Dealers 170
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2024 LEAF pricing starts at $28,140 for 149 miles of range

Green Car Congress

MSRP excludes applicable tax, title, license fees and destination charges. Dealer sets actual price. The 2024 Nissan LEAF is on sale now with a starting manufacturerā€™s suggested retail price (MSRP) of $28,140. Prices and specs are subject to change without notice. Destination and handling $1,095.)

Miles 368