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January 1, 2023, kicked off a fresh start of new tax credits for vehicles, both new and used. Since then, much of the dust has settled on the Capitol as it continues to implement qualifying terms for tax credits, continuously shifting what used EVs do and do not qualify. Here’s the latest list.

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A used EV might be the way to go in 2024

Although the $7,500 federal tax credit has been extended for new EV purchases under revised qualifying terms, those current requirements leave a very limited the number of current EVs that qualify.

Many automakers are already pivoting their business strategies to move EV and battery assembly to US soil to once again qualify, but it will take time to establish those facilities and get them up and running.

In the meantime, it might be worth considering a used EV in order to take advantage of the revamped federal tax credit up to $4,000. Here’s how it works.

How the current tax credit works for used EVs

In a perfect world for consumers, any and all used EV purchases would qualify for tax credits from the US government, but that’s unfortunately not the case. As part of revised terms in the Inflation Reduction Act signed by President Biden, federal tax credits have been extended and include revamped benefits for used EV purchases. As long as they fit certain criteria. Per the IRS:

Beginning January 1, 2023, if you buy a qualified previously owned electric vehicle (EV) or fuel cell vehicle (FCV) from a licensed dealer for $25,000 or less, you may be eligible for a previously owned clean vehicle tax credit under Internal Revenue Code Section 25E.

Used EVs no see revised terms that offers a credit equal to 30% percent of the sale price (up to $4,000). That should help consumers like yourselves get some change back in your pocket at the end of the fiscal year. As long as you stick to these terms as outlined by the IRS.

To qualify as a customer, you must:

  • Be an individual who bought the vehicle for use and not for resale
  • Must be an individual (no businesses)
  • Not be the original owner
  • Not be claimed as a dependent on another person’s tax return
  • Not have claimed another used clean vehicle credit in the 3 years before the EV purchase date
  • Modified adjusted gross income must not exceed $75k for individuals, $112,500 for heads of households, and $150k for joint returns

Additionally, in order for used EV to qualify for federal tax credits, it must:

  • Have a sale price of $25,000 or less
  • Have a model year at least 2 years earlier than the calendar year when you buy it
    • For example, a vehicle purchased in 2023 would need a model year of 2021 or older
  • Not have already been transferred after August 16, 2022, to a qualified buyer
  • Have a gross vehicle weight rating of less than 14,000 pounds
  • Be an eligible FCV or plug-in EV with a battery capacity of least 7 kilowatt hours (kWh)
  • Be for use primarily in the United States
  • Purchased from a certified dealer:
    • For qualified used EVs, the dealer reports required information to you at the time of sale and to the IRS
  • A used vehicle qualifies for tax credit only once in its lifetime
Used EV tax credit
A 2020 Nissan LEAF SV Plus. Definitely worthy of used EV tax credits

Here are all the Used EVs that qualify for tax credits

As promised, here is the current list of used EVs that qualify for tax credits in the US, per the IRS, separated by all-electric BEVs and plug-in hybrids (PHEVs).

It’s important to note that this is not the end all, be all list of used EVs that qualify for tax credits in the US. Once again, per the IRS:

Manufacturers of the vehicles listed below have provided appropriate information and have indicated that the vehicles are eligible for the credit provided other requirements are met. 

This is simply the list provided by the government which will be continually updated by both them and us. Additionally, some of these EVs especially are 2021 or 2022 models, and it will be nearly impossible to find them on sale below $25k. If you do somehow luck out, more power to you, because you may qualify for additional savings.

As always, we recommend speaking with a tax professional and EV dealer directly in order to ensure what you and your new vehicle qualify for. Without further adieu, here are the all-electric models that currently qualify:

All-electric models

Make/Model/Year(s) Full Tax Credit
AUDI
e-tron (2019, 2021-2022) $4,000
e-tron Sportback (2020-2022) $4,000
BMW
i3 (with or without range extender) (2014-2021) $4,000
i3 (60Ah) (2017) $4,000
i3s (with or without range extender) (2018-2021) $4,000
i4 Gran Coupe (2022) $4,000
iX xDrive50 (2022) $4,000
CHEVROLET (GM)
Bolt (2017-2021) $4,000
Bolt EV (2022) $4,000
Bolt EUV (2022) $4,000
Spark EV (2014-2016) $4,000
FIAT
500e (2013-2019) $4,000
FORD MOTOR COMPANY
E-Transit (2022) $4,000
F-150 Lightning Standard/Extended Range (2022) $4,000
Focus Electric (2012-2018) $4,000
Mustang Mach-E (2021-2022) $4,000
GENESIS
G80 (2022) $4,000
HYUNDAI
IONIQ 5 (2022) $4,000
Ioniq BEV (2017-2021) $4,000
Kona Electric (2019-2022) $4,000
JAGUAR TBD
KIA
EV6 (2022) $4,000
Niro EV (2019-2022) $4,000
Soul EV (2015-2020) $4,000
LAND ROVER TBD
LUCID MOTORS
Air (all trims) (2022) $4,000
MAZDA TBD
MERCEDES-BENZ
B250e (B-Class) (2014-2017) $4,000
EQB SUV (all trims) (2022) $4,000
EQS Sedan (all trims) (2022) $4,000
MINI
Cooper S E Hardtop (2020-2022) $4,000
MITSUBISHI
i-MiEV (2012-2014, 2016-2017) $4,000
NISSAN
LEAF (all models) (2011-2022) $4,000
POLESTAR
2 (2021-2022) $4,000
PORSCHE
Taycan (all models) (2020-2022) $4,000
RIVIAN
EDV (2022) $4,000
R1T (2022) $4,000
R1S (2022) $4,000
smart
Coupe EV (2013-2018) $4,000
EQ Fortwo Coupe (2019) $4,000
Cabrio EV (2013-2015, 2017-2018) $4,000
EQ Fortwo Cabrio (2019) $4,000
SUBARU TBD
TESLA
Model 3 (2017-2022) $4,000
Model S (2012-2021) $4,000
Model X (2016-2021) $4,000
Model Y (2020-2022) $4,000
Roadster (2009-2011) $4,000
TOYOTA
RAV4 EV (2012-2014) $4,000
VOLKSWAGEN
e-Golf (2015-2019) $4,000
ID.4 (all models) (2021-2022) $4,000
VOLVO
C40 (2022) $4,000
XC40 Recharge (2021-2022) $4,000
Last updated 1/23/2024, most recent changes in bold
Used EV tax credit
The Audi Q5 TFSI e Quattro. Currently qualified for used EV tax credits as a PHEV / Source: Audi

Used plug-in hybrids EVs that qualify for tax credits

Make/Model/Year(s) Full Tax Credit
AUDI
A3 e-tron/ultra (2016-2018) $4,000
A7 55 TFSI e Quattro (2021-2022) $4,000
A8L PHEV (2020) $4,000
A8L 60 TFSI e Quattro (2021) $4,000
Q5 PHEV (2020) $4,000
Q5 55 TFSI e Quattro (2021-2022) $4,000
BENTLEY MOTORS
Bentayga Hybrid SUV (2020-2021) $4,000
BMW
i8 (2014-2017) $4,000
i8 Coupe/Roadster (2019-2020) $4,000
330e (2016-2018, 2021-2022) $4,000
330e xDrive (2021-2022) $4,000
530e/xDrive (2018-2022) $4,000
740e (2017) $4,000
740e xDrive (2018-2021) $4,000
745e xDrive (2020-2022) $4,000
X3 xDrive30e (2020-2021) $4,000
X5 xDrive40e (2016-2018) $4,000
X5 xDrive45e (2021-2022) $4,000
CADILLAC (GM)
ELR (2014-2016) $4,000
CHEVROLET (GM)
Volt (2011-2019) $4,000
CHRYSLER TBD
FORD MOTOR COMPANY
C-Max Energi (2013-2017) $4,000
Escape Plug-In Hybrid (2020-2022) $4,000
Fusion Energi (2013-2020) $4,000
HONDA
Clarity Plug-in Hybrid (2018-2021) $4,000
HYUNDAI
Ioniq PHEV (2018-2022) $4,000
Santa Fe PHEV (2022) $4,000
Sonata PHEV (2016-2019) $4,000
Tucson PHEV (2022) $4,000
JAGUAR TBD
JEEP
Grand Cherokee 4xe (2022) $4,000
Wrangler 4xe (2021-2022) $4,000
KIA
Niro PHEV (2018-2022) $4,000
Optima PHEV (2017-2020) $4,000
Sorento PHEV (2022) $4,000
LAND ROVER TBD
LEXUS
NX PHEV (2022) $4,000
LINCOLN
Aviator Grand Touring (2020-2022) $4,000
Corsair Grand Touring (2021-2022) $4,000
MAZDA TBD
MERCEDES-BENZ
S550e PHEV (2015-2017) $4,000
S560e EQ PHEV (2020) $4,000
GLC350e 4M (2018-2020) $4,000
GLE550e 4M (2016-2018) $4,000
MINI
Cooper S E Countryman ALL4 (2018-2022) $4,000
MITSUBISHI TBD
Outlander PHEV (2018-2022) $4,000
POLESTAR
1 (2020-2021) $4,000
PORSCHE
Cayenne E-Hybrid (all models) (2015-2022) $4,000
Panamera E-Hybrid (all models) (2014-2016, 2018-2022) $4,000
SUBARU
Crosstrek Plug-In Hybrid (2019-2022) $4,000
TOYOTA
Prius Prime PHEV (2017-2022) $4,000
RAV4 Prime PHEV (2021-2022) $4,000
VOLKSWAGEN TBD
VOLVO
S60 (2019-2022) $4,000
S90 (2018-2022) $4,000
V60 (2020-2022) $4,000
XC60 (2018-2022) $4,000
XC90 (2016-2022) $4,000
Last updated 1/23/2024, most recent changes in bold

Other resources for EV tax credits

While tax credits for used EVs are newly revamped and may be the way to go for you personally, there are plenty of other options to get money back from Uncle Sam at the end of the fiscal year.

For instance, revised terms outlined in the Inflation Reduction Act went into affect January 1, 2023 and enable the extension of federal tax credits for new EV purchases through the next decade, while once again allowing EVs from American automakers like Tesla and GM to once again qualify.

That being said, the capitol is still trying to settle a lot of these terms to determine what vehicles qualify, so things are a bit cloudy at the moment, but you may be able to take advantage of tax credits before battery assembly requirements kick in later this year.

Learn more about federal tax credits for new EV purchases here.

Whether it’s a new or used EV purchase that ends up being right for you, you may still be able to take advantage of additional perks at the state level, depending where you live. Credits, exemptions, and other benefits could be available for an EV purchase, lease, or for relevant equipment like home charger installation.

You can check out what EV-centric benefits may be available to you, sorted by state, here.

We’d like to reiterate once last time that we recommend doing your own research and speaking with a tax professional and EV dealer directly in order to ensure exactly what you and your vehicle purchase qualify for.

Good luck in EV your search!

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Peak Energy’s $500M deal will deploy the world’s largest sodium-ion battery system

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Peak Energy’s 0M deal will deploy the world’s largest sodium-ion battery system

Burlingame, California-based Peak Energy just scored a huge win for sodium-ion batteries. The company announced a multi-year deal with utility-scale battery storage developer Jupiter Power to supply up to 4.75 GWh of sodium-ion battery systems between 2027 and 2030.

Under the agreement, Peak will deliver 720 MWh of storage in 2027 – the largest single sodium-ion battery deployment announced so far. The deal also includes an option for an additional 4 GWh of capacity through 2030, bringing the total contract value to more than $500 million.

Sodium-ion vs. lithium-ion

Peak Energy says its sodium-ion batteries degrade less over time and have lower operations and maintenance costs than lithium-ion systems. Because the batteries don’t degrade as quickly, operators don’t need to add more capacity later in a project’s life to maintain performance. They also use a fully passive cooling system that eliminates pumps, fans, and other components used in lithium-ion setups, reducing maintenance and safety risks.

The company claims its grid-scale sodium-ion system uses up to 97% less auxiliary power, offers about 30% better cell degradation performance over 20 years, and comes with a lower total cost of ownership.

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Why this deal matters

The agreement marks a significant step forward for the emerging sodium-ion sector, which has been gaining momentum as a safer and lower-cost alternative to lithium-ion for long-duration and grid-scale energy storage. It also underscores the growing effort to build a domestic sodium-ion battery supply chain in the US.

“From day one, we’ve believed sodium-ion will be the winning technology for grid-scale storage, which is essential to meet rising demand from hyperscalers and AI,” said Landon Mossburg, Peak Energy’s CEO and cofounder. “Deploying the world’s largest sodium-ion energy storage system with one of the nation’s top independent power producers proves that sodium is ready for today and will dominate the future.”

Mike Geier, CTO at Jupiter Power, said the company is “excited to support domestic battery energy storage manufacturing as we continue to increase the deployment of firm, dispatchable energy when and where it’s most needed,” and called Peak’s approach to sodium-ion “a potential game changer for the industry.”

Read more: The US’s first grid-scale sodium-ion battery is now online


The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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The new 2026 Lexus ES is an upgrade in just about every way [Video]

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The new 2026 Lexus ES is an upgrade in just about every way [Video]

Lexus claims the new ES “takes sedan styling, luxury, and refinement to a higher level” with a complete redesign. With the 2026 ES arriving soon, Lexus offered a closer look at the upgrades inside and out.

The new 2026 Lexus ES debuts in EV and hybrid forms

The eighth-gen ES is bringing more than a sharp new style. Lexus overhauled its flagship sedan from the ground up for the 2026 model year, which will include battery electric (BEV) and hybrid (HEV) powertrain options.

Inspired by the radical LF-ZC show car, the 2026 ES has been fully redesigned with what Lexus calls the “Experience Elegance and Electrified Sedan” concept, aimed at further refining the driving experience.

The new design centers on a redesigned “spindle body” that extends from the hood to the bumper. It also features a redesigned grille, replacing the signature Lexus spindle grille as the brand looks for a new identity in the electric era.

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Inside, the new 2026 ES features the latest version of the Lexus Interface multimedia system. The setup includes a 14″ touchscreen with wireless Apple CarPlay and Android Auto, and a 12.3″ driver display cluster.

new-2026-Lexus-ES-EV
The 2026 Lexus ES 350e (Source: Lexus)

Based on the redesigned TNGA GA-K platform, the new ES will be available in battery electric (BEV) and hybrid (HEV) powertrains for the first time.

The 2026 Lexus ES lineup consists of two models: the ES 350e, a front-wheel-drive (FWD) model, and the ES 500e, an all-wheel-drive (AWD) model.

2026-Lexus-ES-EV-interior
The 2026 Lexus ES 350e interior (Source: Lexus)

Lexus expects the ES 350e to have a driving range of 300 miles when fitted with 19″ wheels, while the ES 500e has an estimated driving range of 250 miles.

Both the ES 350e and 500e feature a built-in NACS port to recharge at Tesla Superchargers. Using DC fast charging, it can recharge from 10% to 80% in about 30 minutes under “ideal conditions,” according to Lexus.

With its debut just around the corner, Lexus offered a closer look at the new 2026 ES inside and out in a new video.

Lexus has yet to announce prices, but the redesigned ES is expected to start at about $45,000 to $50,000, or slightly more than the outgoing model.

After launching the upgraded RZ earlier this month, Lexus said the ES would be next. It’s expected to go on sale in Spring 2026.

What do you think of the redesigned 2026 ES? Do you like the new Lexus design? Let us know your thoughts in the comments below.

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Tesla launches new Model Y+ with 510 miles (821 km) of range

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Tesla launches new Model Y+ with 510 miles (821 km) of range

Tesla has launched a new version of the Model Y in China, and it’s achieving an impressive new range rating – thanks to a new battery cell from South Korea’s LG.

The new variant, a five-seat, rear-wheel drive long-range model, has been released with an 821-km range based on China’s CLTC standard.

While the CLTC rating is known to be optimistic, 821 km (about 510 miles) is an impressive number and the longest range Tesla has offered in its Model Y lineup to date, which is going to help it be more competitive in the Chinese market.

This new extended range Model Y version is made possible by using the 78.4-kWh ternary lithium-ion battery pack from LG Energy Solution, the same pack found in the also recently launched 830-km range Model 3 variant.

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The new long-range RWD Model Y starts at RMB 288,500, which translates to just over $40,500 USD.

The launch comes at a critical time for Tesla in China, which has seen its sales slump in recent months. The automaker recorded its lowest monthly sales in October since November 2022, falling out of the top 10 list for new energy vehicle (NEV) sales.

That’s despite a continued surge in electric vehicle sales in China. Tesla is not benefiting from it amid strong competition.

According to local Chinese media reports, the new 821-km Model Y is already gaining traction with some anecdotal reports of enthusiasm at Tesla stores.

The reports are partly supported by Tesla quickly extending delivery timelines from 2-4 weeks to 4-6 weeks just hours after launch.

Electrek’s Take

I think this is going to be suitable for a decent short-term bump in demand, but it’s still on the expensive side for the Chinese market.

For example, now the Model Y beats the Xpeng G6’s max range of 755 km, but the G6 with this range costs 234,900 RMB (approximately $32,900 USD), which is significantly cheaper.

Every 10,000 RMB tranche lower means a lot more demand in China.

Tesla needs to launch its new “standard” versions to start making a difference with demand long term in China.

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