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Federal EV Tax Credit At Risk - How Much Does It Really Drive Sales?

23 Nov 2024 | Abstracted from Autoblog

"Some of the best-selling EVs on the market today - like the Ford Mustang Mach-E and the Hyundai IONIQ 5 - are ineligible for the federal tax credit...

"Across all of the electric vehicles sold in the United States, credit-eligible models sold at about 1.4 times the rate of ineligible vehicles...The difference between the two groups is likely even larger than the 1.4 times figure we found...ven before the discount from the federal EV credit, credit-eligible cars are nearly $9,000 less than their ineligible counterparts..."



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