Become a member at https://CR.org/joinviaYT to find out how each vehicle we purchase performs in our tests.
The Inflation Reduction Act has introduced a number of tax incentives for those who want to drive or lease an electric vehicle, but making sense of which vehicles qualify has proven difficult. In this bonus episode, our experts explain all the current rules for new, used, and leased EVs or hybrids, and how to take full advantage of the program.
SHOW NOTES
-----------------------------------
00:00 - Introduction
01:07 - What’s new with the EV Federal Tax Credit.
01:47 - 200,000 Vehicle Cap.
02:27 - Income Caps.
03:03 - County of origin restrictions.
04:03 - Foreign Entity of Concern Rule.
04:57 - EV purchase walkthrough.
06:44 - How auto manufacturers are making their cars qualify for the Tax Credit.
08:00 - Why is the EV Tax Credit so complicated?
09:46 - Taking advantage of the Tax Credit when leasing.
10:39 - EV Tax Credit for commercial vehicles.
13:07 - Used EV Tax Credit.
14:50 - The bottom line.
----------------------------------
Electric Cars and Plug-In Hybrids That Qualify for Tax Credits Under the Inflation Reduction Act
https://www.consumerreports.org/cars/hybrids-evs/electric-cars-plug-in-hybrids-that-qualify-for-tax-credits-a7820795671/
More SUVs, Teslas Now Qualify for the New Electric Vehicle Tax Credit
https://www.consumerreports.org/cars/hybrids-evs/electric-vehicles-that-qualify-for-new-ev-tax-credit-a9310530660/
Electric Vehicle Savings Finder
https://www.consumerreports.org/cars/ev-incentive-finder/
New Cars You Can Count On: Highlights From Consumer Reports’ Latest Car Reliability Survey
https://www.consumerreports.org/cars/car-reliability-owner-satisfaction/new-cars-you-can-count-on-latest-car-reliability-survey-a9891586663/
Guide to Car Safety
https://www.consumerreports.org/cars-guide-to-car-safety/
-----------------------------------
Have a question for our experts? Leave a comment on this episode, or reach out to us directly!
From your iOS device, iMessage us at TalkingCars@icloud.com to send a photo, video, or text directly to the Talking Cars team!
We love to feature our viewers on the show, so submit video questions at https://www.consumerreports.org/cars-talking-cars/
Subscribe to Talking Cars on Spotify: https://open.spotify.com/show/4Jr8wJRJyN9v8T6LC1fQQ6
-----------------------------------
To find out how products scored in CR’s rigorous lab tests—and to access our comprehensive ratings for items you use every day—become a member. CR is a mission-driven, independent, nonprofit organization. Join now at https://www.CR.org/join
Check out https://www.ConsumerReports.org for the latest reviews, tips, and recommendations and subscribe to our YouTube Channel: http://bit.ly/1Nlb1Ez
Follow Us on Social:
TikTok: https://bit.ly/3BVzGR9
Instagram: http://bit.ly/1I49Bzo
Facebook: http://on.fb.me/1IQ2w5q
Twitter: http://bit.ly/1Yf5Fh2
Pinterest: http://bit.ly/1P37mM9
#311 2022 Nissan Pathfinder; Driving Tips to Improve Fuel Economy
#310 Should Chip Shortage Stop Me From Buying a Car? Will Lifting Suspension Affect Safety?
#309 2021 Nissan Rogue; Ford F-150 Lightning
#308 2022 Acura MDX First Impressions; Best Used and New Cars For Teens
#307 2021 Kia Sorento; Gas Shortage; RV & Camper Tire Dangers
#306 2021 Chevrolet Corvette Stingray First Impressions; Why is This Smart Car Trying to Tow Anything?
#305 We Answer Questions About Our Recent Tesla Coverage; 2021 Toyota Highlander Hybrid Test Results
#304 2022 Hyundai Tucson; 2022 Hyundai Santa Cruz Preview
#303 2021 Genesis GV80 Test Results; EV Danger in Standing Water; Comfort Pet Peeves
#302 2022 Mitsubishi Outlander; Rivian Adventure Network
#301 2022 KIA Carnival First Impressions; What Is Driving Up New Car Prices?
#300 2021 Hyundai Santa Fe; the Future of Infrastructure, Self-Driving, and EVs
#299 2021 Buick Envision First Impressions; The Rise of Destination Fees
#298 Car Lease Negotiation Tips; Is Buying A High Mileage Used Vehicle Sensible?
#297: 2021 Volkswagen ID.4 First Impressions; Kia Carnival
#296 2021 Ford F-150 Hybrid First Impressions; CR's New Green Choice Program
#295 2021 Ford Bronco Sport First Impressions; New Chevrolet Bolt EUV
#294 2021 Polestar 2 First Impressions; New Nissan Frontier & Pathfinder
#293 2021 Ford Mustang Mach-E First Impressions; Redesigned Tesla Model S
#292 2021 Toyota Sienna First Impressions; Finding Parts for Classic Vehicles
Create your
podcast in
minutes
It is Free