Making Sense of EV Tax Credits

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 [email protected] 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