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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

When you finance your purchase through EV Life, we’ll help you determine your eligibility, not just for the federal EV tax credit, but also any of the numerous state and local incentives, rebates, and grants designed to help drivers save money on the purchase of an electric vehicle. EV Life’s application process is easy and fast.

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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.