
Only 16 models are now eligible for a full or partial tax credit, which will factor into the vehicle choices for private- and public-sector fleets as well as the vast American retail vehicle market.
Only 16 models are now eligible for a full or partial tax credit, which will factor into the vehicle choices for private- and public-sector fleets as well as the vast American retail vehicle market.
Ford is helping commercial EV customers using F-150 Lightning trucks, E-Transit vans, and Mustang Mach-E SUVs, better understand Inflation Reduction Act EV tax credits up to $7,500 per EV for which they may qualify.
What tax credits are available to fleets as they consider commercial EVs? Get the scoop in this video interview with the Alliance for Automotive Innovation’s chief policy officer.
The new-generation model will be offered in four variants: all-electric, hybrid electric, internal combustion engine, and sporty N Line.
The only EVs eligible for the tax credit are those assembled in North America. Another condition requires batteries be built with rare earth metals that are extracted or processed in a country where the U.S. has a free trade agreement.
The Inflation Reduction Act changes the availability of electric vehicle tax credits to only those assembled in North America. Several popular EVs — Hyudai Ioniq 5, Kia EV6, and BMW — i4 aren't eligible.
A bill that would terminate the $7,500 federal tax credit for electric vehicles was introduced by U.S. Sen. John Barrasso (R-Wyo.), chairman of the Environment and Public Works committee.
The state will hold a hearing on offering a $4,500 subsidy for electric vehicles that are sold in the state.
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