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

EV Life

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?

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2025 Polestar 3 starts at $74,800 and 315 miles, US deliveries in Q2

Baua Electric

They’re due to be part of “additional production,” as Polestar put it, that’s due to start at a Volvo plant in South Carolina in “the middle of 2024.” Rounding up the lineup, you can add the Plus Pack extras to this for a total of $86,300. built versions of the Polestar 3. Polestar has said that U.S. market but for export to some markets.

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

Baua Electric

The list of electric vehicles qualified for the EV tax credit in calendar year 2024 has been released. Also of note: No Rivian electric truck qualifies for the full $7,500 tax credit amount in 2024, at this time. In 2025, the tax credit rules will be extended to mining, processing, and recycling of critical minerals.

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Chilean lithium to be eligible for U.S. tax break – ET Auto

Baua Electric

The IRA tax breaks will incentivize Chile’s export of raw lithium materials as well as costlier cathode material and lithode byproducts, the economy ministry said. tax benefits, the Andean country’s government said on Thursday. tax benefits, the Andean country’s government said on Thursday.

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How New Eligibility Criteria for the Electric Vehicle Tax Credit Affects You

Blink Charging

Opting for an electric vehicle and leveraging the EV tax credit to help with your next electric vehicle purchase is a smart move. This tax credit is applicable to qualifying clean vehicles placed into service within the current year, and it’s claimed in the year you take delivery. free-trade agreement partner country.