Volkswagen of America introduced that the MY23 Volkswagen ID.4 with SK On battery elements and MY24 Volkswagen ID.4 fashions (when launched with SK On elements) which might be positioned in service in 2024 can be eligible for the total $7,500 Federal Tax Credit score on a purchase order by a qualifying purchaser, making the ID.4 not solely extraordinarily reasonably priced, however aggressive with typical compact SUVs.
MY24 ID.4 qualification relies on present battery provide, however as a result of automobile qualification in 2024 relies on batteries not but produced, qualification is topic to alter. Volkswagen is optimistic that MY24 ID.4 autos will qualify in the course of the entirety of 2024, and can present updates when acquired.
Based mostly on fueleconomy.gov, up to now, Volkswagen is the one overseas automaker that has a full battery electrical automobile that’s eligible for the total Federal Tax credit score, due to native meeting and sourcing. Beginning in 2024, eligible clients could elect to use the tax credit score as a down cost on the acquisition of an eligible EV at level of sale by transferring the credit score to collaborating sellers.
Since launch, the ID.4 has proved to be a well-liked EV within the market, bringing new patrons each to the Volkswagen model and to e-mobility. In 2023, the ID.4 was the fifth best-selling EV within the U.S. market and gross sales had been up 84% over 2022.
“That is nice information for customers within the U.S. as a result of it expands the selection of really reasonably priced EVs,” mentioned Pablo Di Si, President and CEO of Volkswagen Group of America. “The ID.4 is already one of many lowest-priced electrical SUVs available on the market, and the $7,500 Federal Tax Credit score makes it much more attainable. This reveals that we made the suitable resolution to localize meeting of the ID.4 in Tennessee and make investments even additional in battery manufacturing, elements and innovation. Each ID.4 bought helps 1000’s of American jobs and helps advance our purpose of a carbon-neutral future.”
The 2023 ID.4 is on sale with two battery sizes and two powertrains, with a beginning MSRP of $38,995 for the ID.4 Customary mannequin that has a 62kWh battery and an EPA-estimated vary of 209 miles. The ID.4 Professional continues with an 82 kWh battery that enables for an EPA-estimated vary of 275 miles. A single everlasting magnet synchronous motor powers the rear wheels and offers 201 horsepower. ID.4 AWD Professional fashions add an asynchronous motor to the entrance axle, leading to a bump to a max of 295 horsepower in addition to all-wheel-drive functionality, and have an EPA-estimated vary of 255 miles.
Jan 26, 2024