“Most” 2023 and 2024 VW ID.4s shall be eligible for the complete U.S. electrical car tax credit score in 2024. Right here you will see that an outline of its suitability.
VW 2023 and 2024 ID.4s with U.S.-made SK On battery elements that enter service in 2024 are eligible for the complete $7,500 federal tax credit score. SK On is the battery division of South Korea’s SK Innovation, and SK Battery America’s manufacturing unit is positioned in Commerce, Georgia.
Which means the 2023 ID.4 Commonplace mannequin, with a 62 kWh battery, an EPA-estimated vary of 205 miles and a beginning MSRP of $38,995, would price $31,495 after the tax credit score is utilized.
As we reported in December 2022, some 2023 fashions can have LG battery elements as a result of VW has entered right into a battery provide contract with each SK and LG Chem for RWD ID.4s with the bigger 82 kWh Professional bundle. Vehicles with AWD and normal and S variations of 62 kWh have batteries equipped by SK.
Mannequin 12 months 2023 ID.4s made with LG elements usually are not eligible for the complete tax credit score, so that buyers can verify the automotive’s window sticker (Monroney label) to establish the producer of the battery elements.
VW has a caveat in qualifying the 2024 ID.4 mannequin, saying it’s primarily based on present battery energy and is due to this fact topic to vary because it depends on batteries that haven’t but been produced. Nevertheless, the automaker says it’s “optimistic that MY24 ID.4 automobiles shall be eligible all through 2024 and supply updates as they’re acquired.”
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Picture: Volkswagen of America
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