Was excited about the electric vehicle rebate. Initially articles stated the Chevy Spark was in the running for the rebate, and I quickly took a test drive. Met an amazing young saleswoman who was helpful, and I liked the ride. Electric cars are quiet.
Then reading further found the Chevy Bolt was the car with a rebate, but then another article stated no.
Finally, I went to the IRS site and found these are the cars with the $7500. rebate.
According to the IRS, the models that may now qualify for a tax credit after the Inflation Reduction Act was signed on Aug. 16, 2022, include:
2022 Audi Q5 PHEV
2022 BMW 3 Series PHEV, BMW X5 PHEV
2022 Chrysler Pacifica PHEV
2022 Ford Escape PHEV, F-150 Lightning, Mustang Mach-E, Transit Van
2022 Jeep Grand Cherokee PHEV, Wrangler 4xe PHEV
2022 Lincoln Aviator PHEV, Corsair PHEV
2022 Lucid Air
2022 Nissan Leaf
2022 Rivian R1S, R1T
2022 Volvo S60 Recharge PHEV
2023 BMW 3 Series PHEV
2023 Mercedes-Benz EQS
2023 Nissan Leaf
These are all pricey, except for the Nissan Leaf which runs high 20’s to early 30’s, however if one is able to obtain this pick there would be the rebate, and trade in making the car within reach.
The rebate comes in the form of a tax credit, and after 2024 it is given in cash under agreements with the car dealership.
So, in the meantime.. am in search of a Leaf – 239 miles for recharge and 5 out of 5 overall ratings.
Love that blue color.
Used Electric Vehicles also have a rebate of $4000. Haven’t located the law regs, but stay tuned if interested.