Baua Electric

JANUARY 23, 2024

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.

Tax Credit 52

Tax Credit Tax PHEV 2018 52

EV Adoption

JANUARY 8, 2022

In the coming weeks, EVAdoption will release our (for purchase) Q4 and full-year 2021 US EV Sales Report which will include estimated and reported sales for all BEVs and PHEVs with sales in the US in 2021. What is a surprise to us, was the rebound in sales of the Prius Prime, which was up 128% YOY. 4 (16,742) BEVs.

Sale 52

Sale PHEV Mazda Audi 52

EV Adoption

NOVEMBER 26, 2021

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

Tax Credit 116

Tax Credit Tax F-150 PHEV 116