The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032. You may qualify for a credit up to $7,500 under Internal Revenue Code Section 30D if you buy a new, qualified plug-in electric vehicle(EV).
You don’t have to worry about the charging stations. The new Tesla plan is set to have at least 7,500 chargers from Tesla’s network available for all EVs by the end of next year. This includes at least 3,500 new and existing superchargers along highways and 4,000 slower destination chargers at locations like hotels and restaurants.
Also, you can purchase a level 2 home charger from Wattsaving if you think the portable EV charger came with your electric car charges too slowly. Wattsaving EV chargers are now compatible with all EV models sold in North America.
Besides the federal tax credit, there are 6 more compelling reasons why you might consider getting an electric car in 2023:
Environmental benefits
Electric cars produce zero emissions while driving, which can significantly reduce your carbon footprint and help mitigate the impacts of climate change. This is especially important as the world continues to prioritize sustainability and reducing greenhouse gas emissions.
Cost savings
Although electric cars can have a higher upfront cost than their gas-powered counterparts, they often have lower maintenance and fuel costs in the long run. With increasing government incentives and lower battery prices, electric cars are becoming more affordable.
Improved technology
As the demand for electric vehicles grows, technology is improving rapidly, which means that newer models may have more advanced features and longer driving ranges. This means that you can now travel further on a single charge than ever before.
Convenience
Electric cars are becoming increasingly convenient as charging stations become more widely available. Some charging stations can charge an electric car in as little as 30 minutes, and many workplaces, shopping centers, and public parking lots are installing charging stations.
Performance
Electric cars have instant torque, which means they can accelerate quickly and quietly. This can provide a fun and exciting driving experience, especially for those who enjoy driving. Additionally, electric cars tend to have a lower center of gravity, which can improve handling and stability.
In summary
Getting an electric car in 2023 can provide numerous benefits, including environmental benefits, cost savings, improved technology, convenience, and performance. With the ongoing push towards sustainability and increasing government incentives, now may be an ideal time to consider making the switch to an electric vehicle.
