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Electric vehicle tax credit eligibility changes for BMW, Nissan, Hyundai, and Volkswagen

1 min read
Source: The Verge
TL;DR

Volkswagen's ID.4 electric SUV is now eligible for the full $7,500 federal EV tax credit, making it one of the more affordable EVs on the market. The ID.4 is the only international automaker's EV that qualifies for the full credit, and it is assembled in Chattanooga, Tennessee, which is a prerequisite for eligibility. The ID.4 comes in two battery sizes and two powertrains, and its battery is now supplied by SK Innovation, a South Korean company with a factory near VW's plant in Chattanooga.

Topics:businessautomotive#automotive#electric-vehicles#ev-tax-credit#id4#sk-innovation#volkswagen
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  1. Volkswagen ID.4 electric SUV will qualify for the full $7500 tax credit, automaker says  The Verge
  2. Some electric vehicles from BMW, Nissan, Hyundai and Volkswagen will no longer get federal tax credits  CNBC
  3. BMW Among Automakers to Lose Federal Tax Credit in the U.S. Market  BMWBLOG
  4. Tax Strategy: Proposed regs for the Clean Vehicle Credit  Accounting Today
  5. Hyundai EVs Don't Qualify for the Tax Credit. Why It Says They Should.  Barron's

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