The adoption of plug-in electric vehicles in the United States is supported by the American federal government, and several states and local governments.As of August 2020, cumulative sales in the U.S. totaled 1.6 million highway legal plug-in electric cars since 2010, of which, 1 million are all-electric cars. Update, Feb. 21: Adds Tesla Model Y. Update, April 17: Adds Porsche Taycan 4S. These years refer to the year yo… 67912V. The most important of all the updates, however, have to do with Tesla's new claimed ranges for the Model S (it cracks the 400-mile barrier) and the introduction of the new, 1,080-hp Model S Plaid. When you consider its size and the competition, a range of just 89 miles is unacceptable. Unfortunately, it's also $79,990 before adding things like different wheels, paint or Tesla's dubiously named Full Self-Driving feature. Size and battery capacity are the primary influencing factors. Power and torque mostly. With a price tag starting at $36,990, you're getting a lot for your money. Originally published Apr. What's more is they're better to drive, offer better range, and are better built than the EVs of yesteryear, and we've run down every single one of them for you here—with a few key stats for each, too. More EVs might be in the news, but they will not be added to this compilation until they're officially about to go on sale in the US. Oh, and let's not forget to mention there are bumps in driving range for every trim level. Roadshow editors pick the products and services we write about. A qualified electric vehicle is a motor vehicle that meets the requirements of section 30(c). The Hyundai Ioniq is one of the most affordable EVs on sale today. Electric vehicles aren't a new phenomenon. The i3 makes just 168 horsepower and its range is on the low side, so it's definitely more of an urban commuter than a highway blaster; even the edgier i3S isn't much tougher, pumping out only 181 horses and offering the same middling driving range as the regular i3. The Mini Electric is only estimated at 110 miles of range, about as short an e-leash as you'll find today. Colorado has a phaseout plan implemented for this tax program, so if you live in Colorado and are considering purchasing an electric vehicle, be sure to do it sooner rather than later. When you buy through our links, we may get a commission. After a couple of years, it gave up on the tech, and it's taken until now for the brand to offer a BEV for sale. Ah yes, the granddaddy of all affordable electric cars. Base: 406 miles, $77,400. Plaid: 520+ miles (range numbers for Plaid are yet to be verified by EPA), $139,990. This is a list of production electric cars … The Mini Cooper SE takes a title no electric car wants. plug-in electric vehicle to a tax-exempt organization, governmental unit, or a foreign person or entity, and the use of that vehicle is described in section 50(b)(3) or (4), you can claim the credit, but only if you clearly disclose in Jan 12, 2021 Cat. Electric vehicle tax credits can be highly valuable, but there are a lot of confusing rules regarding how they work. Grand Touring: 517 miles, $139,000 Sonata Plug-in Hybrid Electric Vehicle: $4,919: 2017, 2018, 2019, 2020: Ioniq Electric Battery Vehicle: $7,500: 2018, 2019, 2020: Ioniq Plug-In Hybrid Electric Vehicle: $4,543: 2019, 2020, 2021: Kona Electric Vehicle: $7,500 Tax Credit for At-Home Electric Vehicle Charging Outlets. It has the Leaf line's best range yet at 226 miles, and while it's not as cheap as the standard leaf, it offers you more for your money. Additionally, some states offer cash rebates as an incentive for its taxpayers to invest in a plug-in electric vehicle. Nissan Leaf SL Plus: 215 miles, $45,520, By clicking Sign Up, you agree to the  Terms of Use. Not all electric cars qualify, so be sure to check your potential tax rebates before you buy. The 4S is the least-expensive model, at $103,800. As the cost of batteries comes down and automakers begin making EVs in larger quantities, prices should drop to reach parity with traditional cars. Namely, any SUV, pick-up truck, or another transportation tool that weighs between 6,000 and 14,000 pounds will qualify for a Section 179 deduction that carries a $25,000 ceiling. Form 8936 is used to figure credits for qualified plug-in electric drive motor vehicles placed in service during the tax year. This bad boy lists for just a hair over $30K and that makes it a decent deal. It will also answer some of the most common questions people have. According to the IRS, the maximum tax break that you will receive for placing a “heavy” vehicle in use will be $25,000. Plus, there are minimal scheduled maintenance costs, zero vehicle emissions, available tax incentives and plenty of other incentives that make for a seamless switch into electric energy. Standard Range Plus: 263 miles, $39,190* Hyundai is getting way more into the electric vehicle game, but the car that started it out for them was the Ioniq Electric, and you can still get it. The federal electric car tax credit is an incentive to encourage Americans to buy hybrid and electric vehicles by lowering the up-front costs of buying one. Yes, most electric car tax credits are available, if they qualify. Outside, the Model 3 has been made to look sleeker, and on the inside the car has been made more functional than before, sporting a redesigned center console and an extra USB port. Edmunds expert reviewers rank the best electric cars of 2020 and 2021 on a 10-point scale that includes performance, comfort, interior, technology, and value. The I-Pace looks like nothing else, drives like a Jag and offers a real alternative to the Tesla Model X. The Honda Clarity Electric is available, it's spacious and those are kind of … Internal Revenue Code Section 30D provides a credit for Qualified Plug-in Electric Drive Motor Vehicles including passenger vehicles and light trucks. Nissan Leaf SV Plus: 215 miles: $40,675 A quick note: The prices you see here are what you'll pay before applicable state and federal incentives are applied. Taycan 4S Performance Battery: 203 Miles, $105,150 The Kona EV is a lot quicker and more fun to drive than you'd expect, while its range of 258 miles puts it among the upper-echelon of modern battery-electrics. So the funky, not-quite-a-crossover, not-quite-a-sedan Polestar 2 is just the start. Honda Clarity Electric. The 2020 Toyota Highlander gets a new platform... 2020 Hyundai Sonata brings arresting style... we found the Turbo's EPA numbers to be a bit conservative. But it did, and the decision ended up working in its favor. For 2021, the Model 3 receives a raft of updates to both its interior and exterior. Accordingly, a qualified electric vehicle does not include any motor vehicle that has ever been used (for either personal or business use) as a non-electric vehicle. Smaller than the Model X, the Model Y still offers seating for seven (somehow) and the same powerful electric powertrain. It may not be the most handsome electric vehicle, nor does it offer the most range, but it does serve as a noteworthy alternative to gas-powered vehicles in its price range. Nissan Leaf SV: 149 miles, $35,115 We'll start from the most expensive EV on sale today and work our way down the pecking order to the more affordable offerings; if you're looking for an electric SUV, we have that covered with a separate list. Signature: 110 miles, $30,750 It's more fun than its looks or specs would suggest and it's packed with a deep roster of standard features that make modern Kias so hard to beat for value. It is a Porsche, after all. What's new is that EVs now compete for market share with traditional fossil-fuel models. We have tried to make the list as exhaustive as possible; however, you can check the car manufacturer’s website to determine how much the vehicle weighs or you can look inside the driver’s door to verify the GVW rating of the vehicle. Federal EV Tax Credit. Still, it's a Honda and all the stuff that Honda does well -- like build quality -- is up there, so that counts for something. 2019:$5,000 for purchase, $2,500 for lease 2. 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