Teslarati

JANUARY 2, 2024

electric vehicle (EV) tax credit have taken effect, significantly limiting the number of qualifying options in 2024. Despite the list of qualifying EVs getting shorter , the 2024 guidance also lets sellers offer the rebate at the point of sale , rather than buyers being forced to wait until doing their taxes.

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Baua Electric

JANUARY 17, 2024

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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The Truth About Cars

MARCH 6, 2024

The automaker recently announced that its upcoming Prologue EV would be eligible for federal tax credits of $7,500, meaning buyers can get around 15 percent off the SUV’s purchase price at the point of sale. Tax credits bring the Prologue’s starting price down to $41,295 after a $1,395 destination charge.

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Teslarati

JANUARY 25, 2024

4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal tax credit for electric vehicles. 4 units with batteries from SK On qualify for federal tax credits. 4 EV may choose to apply the tax credit as a down payment for the vehicle. The 2023 ID.4 Only VW ID.4

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Teslarati

FEBRUARY 7, 2023

The Tesla Model Y complete lineup was recently added to the IRS list of qualifying vehicles that will give buyers a $7,500 tax credit. While it may seem like the company’s huge price cuts coupled with the tax credit would be good for everyone, it spells bad news for competitors that offer comparable EVs in the same category.

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The Truth About Cars

DECEMBER 7, 2023

Earlier this year, the rules around EV tax credits seemed to be changing every other week. While things have calmed down since then, we’re about to see more action on the topic, as the Treasury recently released new guidance on battery materials sourcing that will upend credits for some EVs.

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Teslarati

AUGUST 17, 2022

Department of Energy’s Alternative Fuels Data (DOE) published a list of electric vehicles that are immediately available for the new $7,500 EV tax credit. Under the new law, only EVs assembled in North America qualify for the credits. Under the new law, the manufacturer’s sales cap is lifted. GMC Hummer SUV.

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Green Car Congress

AUGUST 7, 2009

The first character of the scenario represents the price of gasoline at simulation termination, the second represents “yes” or “no” on a manufacturer subsidy, and the third represents “yes” or “no”on a sales tax exemption. By 2020, sales could reach around 4% – 5% with fleet penetration a little more than 2%. Click to enlarge.

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Green Car Congress

JULY 20, 2021

The Volvo C40 Recharge pure electric will start at an MSRP of $58,750 in the United States before tax credits. This newest addition to the Volvo electric line-up has all the benefits of an SUV but with a lower and sleeker design. This will enable drivers to charge at discounted rates of $0.31/min,

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Teslarati

FEBRUARY 3, 2023

Tesla’s complete lineup of Model Y trim levels now qualifies for electric vehicle tax credits through the Inflation Reduction Act, as the Internal Revenue Service (IRS) has increased the applicable MSRP limit to $80,000 across each of the all-electric crossover’s configurations.

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Electrek

NOVEMBER 18, 2024

Kia is hitting the brakes on production of its first three-row electric SUV in the US. Despite the EV9’s successful debut, new concerns about the EV tax credit are reportedly causing Kia to scale back — at least for now.

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Green Car Congress

SEPTEMBER 22, 2021

Audi’s entry electric SUV Q4 e-tron lineup ( earlier post ) is ready for configuration by US buyers. Anticipated potential federal tax credit. Prices exclude $1,095 destination charge, sales taxes, title, options, and dealer charges. The Q4 e-tron family—the MEB siblings to Volkswagen’s ID.4 Starting MSRP.

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Blink Charging

FEBRUARY 23, 2023

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. First, the easy part: How do I claim the $7,500 EV tax credit?

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Green Car Reports

APRIL 8, 2023

Which models will be eligible for the full $7,500 of the revamped EV tax credit? Are recent rounds of Tesla price cuts spurring stronger EV sales? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending April 7, 2023.

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Electrek

SEPTEMBER 6, 2024

Although its first three-row electric SUV has been a hit in the US so far, Kia will wait until next year to scale up production. Kia is easing the EV9 into production at its West Point, Georgia, plant as it waits for it to qualify for the $7,500 federal EV tax credit.

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Green Car Congress

JANUARY 12, 2023

Sales volumes in December were up year-over-year by more than 5% but down from November, due in part to improved supply. Elevated prices and high loan rates are putting downward pressure on sales. Truck sales were particularly strong last month, and with many trucks selling for more than $60,000, a new record was all but inevitable.

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Teslarati

JULY 11, 2023

A survey from Cox Automotive estimates that electric vehicle sales in the US auto market could surpass 1 million units for the first time in 2023. Audi’s Q4 e-tron and Q8 e-tron, as well as the GMC Hummer EV SUV, have inventories that are well above 100 days. Electric cars currently account for about 6.5%

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Teslarati

JANUARY 12, 2023

Tesla’s aggressive sales strategy has been implemented in the United States. With these price adjustments in place, Tesla has ensured that the Model Y Long Range would qualify for the Inflation Reduction Act’s $7,500 federal tax credit. Wow, Tesla just announced massive price drops in the US across the board.

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Teslarati

FEBRUARY 6, 2023

tax credit program that qualifies the Model Y’s entire lineup for the full amount, have resulted in “clear demand drivers” for the automaker. On Friday, the IRS reclassified the vehicle as an SUV , which shifted its MSRP limit from $55,000 to $80,000, qualifying the car for the total credit amount.

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Baua Electric

MARCH 8, 2024

The Chevy Blazer EV stop-sale finally ended Friday after almost three months. With drastically lower starting prices, the Blazer EV now starts at just over $50,000 and qualifies for the full $7,500 federal tax credit. The company confirmed it was temporarily pausing sales to fix a software quality issue.

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Teslarati

JULY 16, 2024

Hyundai announced the debut of an all-electric 3-row IONIQ SUV later this year. At the top of the list was the South Korean automaker’s electrified 2025 3-row IONIQ SUV. Hyundai Metaplant America to boost its EV sales in the US Besides the 3-row IONIQ EV, Hyundai included the IONIQ 5N EV in its 2025 model year lineup.

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Baua Electric

MARCH 7, 2024

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. Honda announced the 2024 Prologue is eligible for the full $7,500 EV tax credit.

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The Truth About Cars

JUNE 18, 2024

Cars.com’s recent American-Made Index placed the Tesla Model Y as the most American vehicle on sale today. federal government’s EV tax credits, half of which depend on the final build location. Note that “all-American” vehicles like full-size trucks and SUVs haven’t made the list.

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The Truth About Cars

OCTOBER 10, 2023

Kia equips an 800-volt electrical architecture to enable fast charging, and the SUV promises up to 300 miles of range in the Light Long Range RWD model. The EV9 will go on sale later in 2023, and Kia will start manufacturing the SUV domestically in 2024 at its plant in Georgia.

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The Truth About Cars

NOVEMBER 29, 2023

The automaker is eying plans to move production of the flagship EQS electric SUV to Germany to make room at its Alabama facility for a higher-volume EV. Sources told Automotive News that the automaker is clearing the way for the GLC EV, an SUV scheduled to start production in early 2026.

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The Truth About Cars

FEBRUARY 12, 2024

Though it’s eligible for federal tax credits, Tesla is temporarily decreasing pricing on the SUV, dropping it to $42,990 for the base model and $47,990 for the Long Range model. Tesla also lists the post-tax credit prices, which can be applied at the point of sale starting this year.

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Teslarati

JANUARY 11, 2024

Fisker is scrapping plans for direct sales to customers. The startup is now turning to auto dealerships for sales and services. In September 2023, Fisker shared that it ramped production of the all-electric Ocean crossover SUV to 300 units per day. I think we just went that route because everyone does when you are a startup.

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The Truth About Cars

JANUARY 30, 2024

Photo credit: Volkswagen Volkswagen has recently announced that their MY23 and the upcoming MY24 models of the ID.4, 4, equipped with SK On battery components, will be eligible for the full $7,500 Federal Tax Credit. that qualifies for the full Federal Tax credit. Sales Performance and Impact of the ID.4

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Teslarati

NOVEMBER 11, 2023

Tesla has announced its latest round of free Supercharging, this time going to buyers of either the Model 3 sedan or the Model Y SUV located in North America. Tesla CEO Elon Musk also predicted sales would drop in Q3 during the second-quarter earnings call , highlighting production upgrades causing temporary factory shutdowns.

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Teslarati

MAY 11, 2024

Tesla has launched its latest buying incentive for the Model Y, this time offering a special, super-low interest rate for those who purchase the SUV by the end of this month. The move comes as high interest rates have been a headwind for the auto industry over the past few years, and as electric vehicle (EV) sales have been slowing this year.

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EV Life

OCTOBER 7, 2023

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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Baua Electric

MAY 3, 2023

Kia The united states will incline aggressively into an Inflation Relief Office provision that permits it to go ailing a $7,500 federal incentive to electrical automobile shoppers who choose to hire as opposed to purchase, in line with Eric Watson, the automaker’s gross sales leading. or in a rustic the place the U.S. now to 30 to 40 p.c,

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Tax Credit Tax Kia South Korea 52

Clean Fleet Report

DECEMBER 27, 2021

The number of plug-in electric cars nearly doubled from 40 to more than 70 vehicles this year, including attractive SUV crossovers in the $40,000 range like the Ford Mustang Mach-E and the Volkswagen ID4. Rebates & Tax Credits Don’t Help Most Americans. Put all together, the customer saves up to $200 a month.

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Affordable Tax Credit Climate Tax 110

The Truth About Cars

MAY 24, 2024

Ford cut Mustang Mach-E pricing earlier this year, achieving its intended result of boosting demand for the electric SUV. The Blue Oval discounted some Mach-E variants by more than $8,000, pushing sales by 86 percent in the first quarter of 2024. That said, Ford’s EV business hasn’t done it many favors in recent times.

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Baua Electric

JANUARY 3, 2024

GM is offering a $7,500 incentive for EVs that lost eligibility for the EV tax credit. GM to give $7,500 incentive for non-qualifying EVs Two weeks ago, GM said the new Chevy Blazer EV and Cadillac Lyriq would lose eligibility for the US EV tax credit at the beginning of 2024. 4, Ford Mustang Mach-E, and Nissan LEAF.

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EV Life

JANUARY 4, 2024

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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The Truth About Cars

SEPTEMBER 11, 2024

Company CEO Antonio Filosa recently outlined his vision for the SUV, saying that he wants “perfect quality” and acknowledging that the vehicle’s development hasn’t yet reached that point. “I The SUV is expected to offer a strong list of specs, including more than 300 miles of range and a 0-60 mph time in the mid-three-second range.

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