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Treasury lifts EV tax credit confusion over SUV price cap

Green Car Reports

Treasury Department on Friday announced an update on how vehicles will qualify as a car or an SUV under the revamped EV tax credit, now known as the clean vehicle tax credit.

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VW ID.4 tax credit, Porsche SUV price, Model Y tops sales charts, Lucid rival: Today’s Car News

Green Car Reports

Porsche puts a price on its electric SUV. 4 EV buyers will be able to claim the full EV tax credit. 4 models qualify for the $7,500 EV tax. Tesla has the top-selling vehicle on the planet, it claims. Lucid teases a Model Y rival. And many VW ID.4 This and more, here at Green Car Reports.

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2024 Honda Prologue electric SUV starts under $40,000 with full EV tax credit eligibility

Electrek

The 2024 Honda Prologue, the brand’s first all-electric SUV, qualifies for the full $7,500 EV tax credit. With the added credit, the Honda Prologue hits the “sweet spot,” with starting prices under $40,000. Who says electric cars are too expensive?

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Tesla Model Y tax credit, Cadillac Vistiq EV reveal, Hyundai Ioniq 6: Today’s Car News

Green Car Reports

Cadillac has revealed yet another electric SUV, on the way to a fully electric lineup. And which Tesla models will keep the EV tax credit in 2024? The Hyundai Ioniq 6 is one of our top picks of the year. This and more, here at Green Car Reports.

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IRS invites consumers to comment on EV tax credit qualifications

Teslarati

The Internal Revenue Service (IRS) is inviting consumers to share comments on the electric vehicle tax credit qualifications. In December, the IRS announced the vehicles that qualified for the 2023 EV tax credit. The graph below shows which Tesla vehicles qualify for the EV tax credit. Credit: IRS.

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Tesla starts applying EV tax credit at time of purchase

Baua Electric

Fewer Tesla EVs now qualify for the $7,500 federal EV tax credit, but for those that do, Tesla is now applying the credit at the time of purchase. The automaker’s website now says that eligible buyers will have the full $7,500 credit applied when they purchase their vehicles. Tesla started warning customers in Dec.

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These are the EVs that still qualify for the $7,500 tax credit in 2024

Teslarati

New rules for the U.S. electric vehicle (EV) tax credit have taken effect, significantly limiting the number of qualifying options in 2024. Tesla is one of many automakers that saw some of its vehicles excluded at the turn of the new year, and only a handful remain across the industry. What are your thoughts?