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Polestar delivers brand’s first EVs not made in China

Baua Electric

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.

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

EV Life

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.

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Which 2024 EVs qualify for the $7,500 EV tax credit?

Baua Electric

1, any vehicles with key battery components sourced from a “foreign entity of concern”—China, Russia, Iran, or North Korea— 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.