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When the number of electric vehicles (EVs) that qualify for a full or partial federal income tax credit of up to $7,500 decreased from 43 in 2023 to 13 in 2024, many consumers switched from owning...
4. Hyundai Kona Electric. Price: $24,350 to $33,400. The Hyundai Kona Electric is a small SUV that offers practicality. It is perfect for first-time EV buyers because it can be used for daily ...
Modern electric vehicles aren't like the small and low-range models of the past, but few are truly affordable. Only five new 2024 EVs list for under $40,000. ... Opt for the 6's available 77.4-kWh ...
Which EVs Qualify for $7,500 Tax Credits? EV incentives restrict qualifying vehicles to American-made electric vehicles or plug-ins with MSRPs of up to $80,000 for SUVs and light duty trucks and ...
Currently the standard credit for a qualified alternative fuel vehicle is $4,000. Other than the Civic GX, a number of models produced after 2004 may qualify for tax credits. [13] Electric vehicles: Government tax credit programs are planned for electric and plug-in hybrid vehicles, but no specific models have yet been certified. [14]
The good news is that not all electric cars come with a Mercedes E-Class sticker price. There are a half-dozen battery-powered vehicles new for 2023 that start at less than $40,000 -- two for less ...
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