Tax credit countdown: 14 EVs you can still get a deal on

As the world becomes more aware of the environmental impact of fossil fuels, electric vehicles (EVs) are becoming increasingly popular. To encourage the shift towards EVs, many governments have introduced tax credits and other incentives. However, these incentives often have a limited timeframe, and it can be difficult for consumers to know which models still qualify.

If you’re in the market for an EV, there’s no time like the present to take advantage of the tax credits on offer. Here are 14 EVs you can still get a deal on:

1. Tesla Model S: This luxury sedan has been a favorite of EV enthusiasts for years, and it’s still eligible for a $1,875 federal tax credit. However, this tax credit will expire at the end of 2021.
2. Tesla Model X: Another popular luxury EV from Tesla, the Model X also qualifies for a $1,875 federal tax credit until the end of 2021.
3. Tesla Model 3: The Model 3 is Tesla’s most affordable EV, and it still qualifies for the full $7,500 federal tax credit. However, this tax credit will expire for Tesla vehicles at the end of 2021.
4. Chevrolet Bolt: The Bolt was one of the first mainstream EVs on the market, and it still qualifies for the full $7,500 federal tax credit.
5. Nissan Leaf: The Leaf has been a popular EV since its launch, and it still qualifies for the full $7,500 federal tax credit.
6. Ford Mustang Mach-E: Ford’s latest EV is a stylish crossover that qualifies for the full $7,500 federal tax credit.
7. Audi e-Tron: Audi’s first all-electric SUV is a luxurious and capable vehicle that still qualifies for the full $7,500 federal tax credit.
8. Porsche Taycan: The Taycan is Porsche’s first all-electric vehicle, and it qualifies for a $7,500 federal tax credit.
9. Kia Niro EV: The Niro EV is a spacious and practical crossover that qualifies for the full $7,500 federal tax credit.
10. Hyundai Kona Electric: The Kona Electric is a versatile and affordable EV that still qualifies for the full $7,500 federal tax credit.
11. Volkswagen ID.4: Volkswagen’s first all-electric SUV is a stylish and practical vehicle that still qualifies for the full $7,500 federal tax credit.
12. BMW i3: The i3 is BMW’s quirky and distinctive EV, and it still qualifies for a $7,500 federal tax credit.
13. Mini Cooper SE: The Cooper SE is a fun and funky EV from Mini, and it still qualifies for a $7,500 federal tax credit.
14. Mustang Mach-E GT: The high-performance version of Ford’s Mustang Mach-E qualifies for a $7,500 federal tax credit.

It’s worth noting that the federal tax credit for EVs is subject to a phase-out period. Once a manufacturer sells 200,000 qualifying EVs, the tax credit begins to phase out. Tesla and General Motors have already reached this threshold, which is why the tax credit is lower for their models.

In addition to the federal tax credit, many states offer their own incentives for EVs, such as tax credits, rebates, and reduced registration fees. These incentives vary by state, so it’s worth checking what’s on offer in your area.

Overall, there are still plenty of EVs on the market that qualify for tax credits and other incentives. With more models hitting the market every year, there’s never been a better time to switch to an electric vehicle.