"Most" 2023 and 2024 VW ID.4s will qualify for the full US EV tax credit in 2024 – here's the lowdown on eligibility.

“Most” 2023 and 2024 VW ID.4s will qualify for the full US EV tax credit in 2024 – here’s the lowdown on eligibility.

VW 2023 and 2024 ID.4s with US-manufactured SK On battery components placed in service in 2024 will be eligible for the full $7,500 federal tax credit. SK On is the battery division of South Korea’s SK Innovation, and its SK Battery America plant is in Commerce, Georgia.

That means that the 2023 ID.4 Standard model, with a 62 kWh battery, an EPA-estimated range of 209 miles, and a starting MSRP of $38,995, would cost $31,495 after the tax credit is applied.

  • Earthwormjim91@lemmy.world
    51·
    9 months ago

    That means that the 2023 ID.4 Standard model, with a 62 kWh battery, an EPA-estimated range of 209 miles, and a starting MSRP of $38,995, would cost $31,495 after the tax credit is applied.

    Key to mention that the credit is not refundable. It can only take your income tax burden down to $0, and not below. So for the typical family with a couple of kids, making 75k or so, chances are you won’t get the full credit.