this post was submitted on 25 Jan 2024
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[Dormant] Electric Vehicles

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VW says 'most' 2023, 2024 ID.4s will get full $7,500 EV tax credit (electrek.co)
submitted 10 months ago by MicroWave@lemmy.world to c/evs@lemmy.world
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“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.

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[–] Earthwormjim91@lemmy.world 5 points 10 months ago (2 children)

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.

[–] sven@l.mchome.net 10 points 10 months ago

This is no longer the case in 2024. The dealer can apply to get the federal $7,500 credit directly and take it off the sale price.

https://www.npr.org/2023/12/28/1219158071/ev-electric-vehicles-tax-credit-car-shopping-tesla-ford-vw-gm

[–] partial_accumen@lemmy.world 3 points 10 months ago

Also for clarity from the top end, there are income limits to the tax credit too:

  • SINGLE Modified AGI over $150,000
  • MARRIED (Filing Jointly) Modified AGI over $300,000
  • HEAD OF HOUSEHOLD Modified AGI over $225,000
  • ALL OTHER FILERS Modified AGI over $150,000

...so this isn't just a tax break for the uber rich people that have a higher tax burden.

[–] gravitas_deficiency@sh.itjust.works 5 points 10 months ago (2 children)

Too bad everything about the user interface outside of the pedals and steering wheel rim are godawful touch interfaces.

[–] sour@feddit.de 3 points 10 months ago (1 children)

Don't forget about VW software being a steaming pile of unresponsive, buggy trash.

[–] gravitas_deficiency@sh.itjust.works 0 points 10 months ago (1 children)

Of course; the software was implicitly included. I’ve read some horror stories about how that shit will just randomly crash and become unresponsive. And then there’s the constant interface lag.

[–] sour@feddit.de 2 points 10 months ago (1 children)

Can confirm, driving one. It also doesn't save some settings...

[–] stinkycheese@lemm.ee 1 points 10 months ago

I think you're onto something here. Make steering and acceleration touch controls too!