EV Tax Credits 

Coming soon, the EV tax credits we have been enjoying will be subjected to a more rigorous and confusing vetting process. 

In an effort to bring more manufacturing of batteries and vehicles in the US, the Biden Administration proposed tax credits based on where the materials were sourced, where vehicles were manufactured… etc. This is an important factor!   

But wait!  Starting April 18th, the potential for a $7500 rebate is going to be a toughie:

Make sure you check out what could be available to you…

“Vehicles placed in service (delivered) on or after April 18, 2023, must meet critical mineral and/or battery component requirements to be eligible for this credit. These requirements apply even if the vehicle was purchased prior to April 18, 2023—unless it was purchased on or before August 16, 2022.

Therefore, some vehicles on this list, if placed into service on or after April 18, 2023, may qualify for a smaller credit amount or may not qualify for the credit at all. This page will be updated with qualifying vehicles and credit amounts on April 17, 2023.

Check with dealers for final vehicle eligibility confirmation.

For more information, visit IRS issues guidance and updates frequently asked questions related to the new clean vehicle critical mineral and battery components.” Go here to stay updated.  There are numerous ways to be unqualified.

This site seemed easiest to follow.  https://fueleconomy.gov/feg/tax2023.shtml

There ya have it.  Head spinnin’ yet?  

Go electric ✌️