VW has turn into the primary non-US automaker that qualifies for the complete $7,500 US federal EV tax credit score.
VW ID.4 federal tax credit score eligibility
Volkswagen made its announcement of eligibility yesterday, two days after the US Treasury Division introduced an inventory of qualifying EV fashions that had been all made by US corporations. VW was late to announce its eligibility as a result of it was awaiting documentation from its battery provider to ship to the Treasury Division. The ID.4 fashions at the moment are listed on the fueleconomy.gov web site as eligible.
All mannequin yr 2023 ID.4 fashions positioned in service this yr are eligible as a result of they’re manufactured in Chattanooga, Tennessee. VW can also be sourcing the ID.4 batteries within the US.
Pablo Di Si, president and CEO of Volkswagen Group of America, stated:
The ID.4 is already one of many lowest-priced electrical SUVs in the marketplace, and the $7,500 federal tax credit score makes it much more attainable. This reveals that we made the precise choice to localize manufacturing of the ID.4 in Tennessee and make investments even additional in battery manufacturing, parts, and innovation. Each ID.4 bought helps 1000’s of American jobs and helps advance our aim of a carbon-neutral future.
The 2023 ID.4 is available in two battery sizes and two powertrains.
The ID.4 Normal mannequin has a beginning MSRP of $38,995 that has a 62kWh battery and an EPA-estimated vary of 209 miles. The ID.4 Normal is $31,495 after the $7,500 tax credit score is utilized.
The ID.4 Professional has an 82 kWh battery with an EPA-estimated vary of 275 miles. A single everlasting magnet synchronous motor powers the rear wheels and offers 201 horsepower.
The ID.4 AWD Professional mannequin provides an asynchronous motor to the entrance axle, leading to a bump to a max of 295 horsepower in addition to AWD functionality, and it has an EPA-estimated vary of 255 miles.
Electrek’s Take
I purchased a 2023 VW ID.4 AWD Professional late final yr, and I actually prefer it. It’s dependable, enjoyable to drive, and it felt strong within the snow. My automobile certified for the complete $7,500 tax credit score. That was a terrific feeling.
Should you determine to purchase or lease an ID.4, verify to see when you qualify for a state rebate or tax credit score, too – I obtained a beneficiant rebate from my utility, Inexperienced Mountain Energy in Vermont, for going absolutely electrical.
Keep in mind that when you purchase a automobile that qualifies for the complete tax credit score, discuss to a tax adviser about how to make sure you get that credit score. Should you owe lower than $7,500, then any unused tax credit score simply disappears – it doesn’t roll over to the following yr.
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