EV car purchase rebate

Forum|Forum|3 years ago
September 28, 2022
1 reply
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The inflation act says only American made EV qualify for rebate but the IRS website says still available for Kia until 200000 sold or 12/31/2022. If I buy the Kia EV do I get federal rebate or not? They have not sold 200000.

KarenL4

Hi,

The requirement is not that the car be entirely made in America, rather that the final assembly occur in North America. Here is what the IRS website says:

"If you are interested in claiming the tax credit available under section 30D (EV credit) for purchasing a new electric vehicle after August 16, 2022 (which is the date that the Inflation Reduction Act of 2022 was enacted), a tax credit is generally available only for qualifying electric vehicles for which final assembly occurred in North America (final assembly requirement).

The Department of Energy has provided a list of Model Year 2022 and early Model Year 2023 electric vehicles that may meet the final assembly requirement. Because some models are built in multiple locations, there may be vehicles on the Department of Energy list that do not meet the final assembly requirement in all circumstances."

According to this article, it looks like Kia is targeting 2024 to start meeting the new requirements.

Please cheer below if this helps!

Best,

Karen

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