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The Polestar 3 has a base price of $74,800 that’s under the $80,000 federal tax-credit cap for electric SUVs. This allows use of a provision intended for commercial vehicles by automakers with captive financing arms to claim a credit and pass the savings on to customers even if vehicles don’t otherwise qualify.
However, some automakers have indicated that they will make the necessary changes to their pricing, sourcing, or manufacturing in the coming year to place some models back on the list. The EV Climate Loan When you apply for the EV Climate Loan with EV Life, here’s how it works: Pre-qualify for more than financing. One low payment.
1, any vehicles with key battery components sourced from a “foreign entity of concern”—China, Russia, Iran, or NorthKorea— will be disqualified in 2024 , as will corporate subsidies if a “parent entity” from one of those countries directly holds more of 50% of the automaker’s interest. Starting Jan.
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