Volkswagen (VW) is one of the biggest and most popular automotive manufacturers in the world. As the world moves towards electric vehicles (EVs), VW has been quick to embrace the technology and offer a range of EVs. But does VW have an EV tax credit?
The answer is yes. VW offers a federal EV tax credit on select models. The amount of the credit will depend on the model and when it was purchased. The credit can range from up to $7,500 for certain models purchased between October 1, 2019 and June 30, 2020, to a smaller credit for other models purchased between January 1, 2020 and June 30, 2020. The credit is available for both new and used EVs.
In addition to the federal tax credit, some states also offer additional EV incentives. These incentives can vary from state to state, so it’s important to check with your state to see what programs and incentives are available. For example, California offers a Clean Vehicle Rebate Program, which provides up to $7,000 in rebates for the purchase or lease of certain new EVs.
When it comes to EVs, there are a variety of models available from VW. The 2020 VW e-Golf is a popular model, with a range of up to 125 miles per charge and a starting price of $32,895. The 2020 VW ID.4 is the brand’s first all-electric crossover, with a range of up to 250 miles per charge and a starting price of $39,995. And the 2021 VW ID.4 Pro is the range-topping model, with a range of up to 300 miles per charge and a starting price of $43,995.
If you’re looking for an EV, VW has a range of models to choose from. And with the federal tax credit and additional incentives from some states, it’s possible to save even more money when buying a VW EV.
Tax Credit For Volkswagen Electric Vehicle Owners
The Volkswagen Group is actively working to reduce the environmental impact of road transport, and to this end, the company has both committed to, and is actively creating, electric vehicles. In the United States, electric vehicle owners are eligible for a federal tax credit of up to $7,500. This tax credit is available for Volkswagen electric vehicles sold in the United States, including the e-Golf, e-up!, and e-Tron.
The amount of the Volkswagen electric vehicle tax credit will depend on the type and size of the battery in the electric vehicle. For Volkswagen vehicles, the tax credit ranges from $3,750 for electric vehicles with a battery capacity of 5 kilowatt-hours up to $7,500 for electric vehicles with a battery capacity of 16 kilowatt-hours or more.
In addition to the federal tax credit, some states offer additional incentives for electric vehicle owners. In California, for example, you may be eligible for a Clean Vehicle Rebate of up to $2,500. The amount of the rebate depends on the size of the battery in the electric vehicle.
| Battery Capacity (kWh) | Federal Tax Credit | California Clean Vehicle Rebate |
|---|---|---|
| 5 kWh | $3,750 | Up to $2,500 |
| 16 kWh or more | $7,500 | Up to $2,500 |
In addition to the federal tax credit and state incentives, Volkswagen also offers its own incentives for electric vehicle owners. Volkswagen offers a lease credit of up to $3,000 and a loyalty credit of up to $1,000 on select Volkswagen vehicles. For more information on Volkswagen electric vehicle incentives, please visit Volkswagen’s website.
Exploring Volkswagen EV Tax Incentives For 2020
When it comes to electric vehicles, Volkswagen (VW) has been one of the leading manufacturers in the automotive industry. Volkswagen EVs have gained popularity due to their efficiency, affordability, and range. With the 2020 VW EV tax incentives, it is now more affordable than ever to switch to electric.
The Volkswagen EV tax incentives are designed to help lower the purchase cost of a new electric vehicle. The incentives are available for all new Volkswagen electric vehicles purchased in 2020. This includes the all-electric Volkswagen e-Golf, the plug-in hybrid Volkswagen Passat GTE, and the all-electric Volkswagen ID.3.
For those who purchase a new Volkswagen EV in 2020, there are two types of incentives. The first is a federal tax credit of up to $7,500. This credit is based on the battery capacity of the vehicle and is applied to the purchase price. The second type of incentive is the state of California clean vehicle rebate. This rebate is available to California residents and can be up to $2,000 depending on the vehicle.
In addition to the federal and state EV tax incentives, Volkswagen also offers additional incentives for purchasers of new Volkswagen EVs. These include Volkswagen’s Drive Electric Program, which offers up to $1,000 in discounts and incentives, and the Volkswagen Home Charging Program, which provides up to $500 in discounts and incentives for the installation of a home charging station.
In order to take advantage of the Volkswagen EV tax incentives, buyers should research their state and federal tax credits and rebates. They should also be aware of any additional incentives that may be available through Volkswagen. Below is a summary of the incentives currently available.
| Federal Tax Credit | Up to $7,500 based on VW EV battery capacity |
|---|---|
| California Clean Vehicle Rebate | Up to $2,000 based on vehicle |
| Volkswagen Drive Electric Program | Up to $1,000 in discounts and incentives |
| Volkswagen Home Charging Program | Up to $500 in discounts and incentives for the installation of a home charging station |
The 2020 VW EV Tax Incentives are a great way to save money when purchasing a new Volkswagen electric vehicle. With the combination of federal and state incentives, as well as additional incentives from Volkswagen, it has never been more affordable to switch to electric.
Yes, Volkswagen provides federal tax credits on many of their EV models.
The maximum federal tax credit amount for Volkswagen EV models is up to $7,500.
Yes, the credit begins to phase out for a particular model when that manufacturer has sold 200,000 EVs.
No, the credit is only available for new vehicles.
You will need your vehicle registration, purchase contract, and other supporting documents.
Anyone who purchases a qualifying Volkswagen EV is eligible for the federal tax credit.
The tax credit is claimed on IRS Form 8936 when filing your taxes.
The Volkswagen e-Golf, Volkswagen e-Up!, and Volkswagen ID.3 are all eligible for the tax credit.
Yes, the tax credit can be combined with other incentives, such as state or local incentives.
It may take up to 8 weeks to receive the tax credit after filing your taxes.
