New Federal Tax Credit Makes Electric Vehicles and PHEVs More Affordable Than Ever. If you’re in the market for a new electric vehicle or plug-in hybrid electric vehicle the federal tax credit is back and better than ever. Check out the full list of EVs and PHEVs that qualify for the full $7,500 or a deduction that can get you an immediate new car. With gasoline prices Now higher than ever is it time to switch to elect
Which electric vehicles are still eligible for the full $7,500 federal tax credit ?
Lucid Motors Inc. exhibited the Lucid Air Grand Touring luxury electric vehicl
A new year means new rebates! The U.S Department of Energy has a new list of federal tax credits for all-electric and plug-in hybrid vehicles. There are more than 30 new EVs on the list for 2022 and some of them are great deals. 2022 Audi e-tron GT (e-tron GT and RS e-tron GT models) are eligible for the full $7
Most affordable evs
The 2022 A7 TFSI e Quattro and 2022 Q5 TFSI e Quattro are also eligible for the full award. BMW has a few options including the 2022 i4 eDrive40 Gran Coupe and i4 M50 Gran Coupe. The new 2022 iX xDrive50 also gets $7
But the really exciting news is that the 2021-22 Ford Mustang Mach-E Premium (AWD RWD) Mustang Mach-E Select (AWD RWD) and Mustang Mach-E GT EVs still qualify for $7,500. This probably won’t last long so if you’ve been thinking about it take advantage of it. Do not Forget the 2022 Ford E-Transit van is also elegit
What other EVs and plug-in hybrids are eligible.
Hyundai has plenty of options on the New Year’s list. The 2022 Hyundai Ioniq 5 and 2022 Kona Electric still save buyers a lot of money with a $7,500 federal tax rebate. The 2022 Ioniq plug-in hybrid qualifies for $4,543 because it’s a PHEV. Tucson and Santa Fe PHEVs are eligible $6587 in reba
2022 Jaguar I-Pace and Jeep Wrangler are eligible for the full $7,500. Plus the Kia Niro EV and EV6 qualify for the total. The Kia Niro PHEV is $4543 and the Sorento plug-in is $6587. That brings its total cost to less than $40,000 instead of saving on f
Land Rover has some SUV options that are eligible for federal tax rebates. The 2022 Range Rover PHEV (HSE Autobiography model) is a plug-in hybrid that can go up to $6,295. The 2022 Range Rover Sport PHEV and HSE are discounted to $6
Looking for a luxury EV or PHEV? there are many opt
Looking at some luxury options the Lexus NX PHEV ($7,500) Lincoln Aviator Grand Touring ($6,534) and Lincoln Corsair Grand Touring PHEV ($6,843) are on the list. The 2022 Lucid Air Dream Edition and Air Grand Touring are all-electric cars that set you back $7500 but Doesn’t have much effect on these two. Prices start at $77,400 for the Lucid Air and $169,000 for the Air Dream Edit
Porsche has some luxury options on the list including the 2022 Cayenne in various trim levels. The Panamera and Taycan are still eligible for the full $7,500. The Rivian R1T truck and R1S SUV are on the list but those are hard to come by. 2022 EQS for the Mercedes-Benz brand The 450+ and 2022 EQS 580 4Matic are new and still meet all $7500 crite
Best affordable evs
As always federal tax rebates expire after a certain number of EVs are sold. Since the brand has sold 200,000 electric vehicles Tesla no longer has any vehicles eligible for the rebate. But with so many new brands and models to choose from there is a wide variety of brand new vehicles to choose from 2022.