On January 10, the US Treasury Department (Treasury) and the US Internal Revenue Service (IRS) released proposed regulations under Section 45W of ...

The EV tax credit was overhauled in 2022 with new rules for buyer eligibility as well as battery ... you are limited to two credits per taxpayer per year. Under IRS rules, credits are issued ...

and income eligibility for buyers. The tax credit applies at the point of purchase or can be claimed when filing taxes, providing flexibility for EV buyers looking to reduce costs. However ...

Electric vehicles from Hyundai and Kia have finally qualified for a key clean energy tax break. But is the tax credit on its way out?

As sales of electric vehicles continue ... than the full amount of tax credit you are eligible for, the IRS says that it won’t “recapture” the difference. Per the IRS, the following EVs ...

The $7,500 federal tax credit for EVs has income requirements, but car salespeople aren't accountants, so double-check that you're eligible before driving off the lot.

President Trump is clear about his opposition to “unfair” EV incentives. Tesla and General Motors stand to bear the brunt if the federal EV tax credit is eliminated.

Detroit — The CEO of the nation's top automotive lobbying group said Wednesday he expects the Trump administration will ...

President Donald Trump has signed an executive order promising to eliminate what he incorrectly labels “the electric vehicle mandate” imposed under former President Joe Biden ...

The Tesla Cybertruck Dual Motor model is now eligible for the $7,500 federal tax credit for electric vehicles in the United States. When Tesla launched the Cybertruck in late 2023, its pricing ...

General Motors, Nissan and Hyundai are among the companies that say they will match the $5,000 rebate on new electric vehicles sold during January.

As of January 1 st, 2025, the Chevy Bolt EV ... eligibility for a $3,750 tax credit. That leaves only one PHEV still eligible: the Chrysler Pacifica Hybrid minivan. We'll send you one email per ...