Electric vehicles from Volkswagen Group of America and some EVs made by Rivian Automotive will qualify for tax credits under the newly effective battery sourcing rules, the two automakers confirmed Wednesday.
All variants of VW’s 2023 ID4 are eligible for the full $7,500 tax credit this year.
“The ID4 is already one of the lowest-priced electric SUVs on the market, and the $7,500 federal tax credit makes it even more attainable,” Pablo Di Si, CEO of VW Group of America, said in a statement. “This shows that we made the right decision to localize production of the ID4 in Tennessee and invest even further in battery production, components and innovation.”
As of Wednesday, VW was the only international automaker to have a battery-electric vehicle eligible for the full credit.
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