Does the Volkswagen ID.4 Qualify for the Federal EV Credit?

May 6th, 2024 by

2024 VW ID.4

It wasn’t so long ago that all-electric vehicles were fascinating but ultimately impractical gadgets for the rich. With the release of the Volkswagen ID.4, those days are over; not only does this electric SUV deliver exceptional performance and functionality, but thanks to federal and state benefits, it can help you save money. Courtesy of North Penn Volkswagen, here’s what you need to know about this cutting-edge EV and the government programs it qualifies for.

Federal and State EV Tax Credits

The United States government is doing a great deal to incentivize investment in electric vehicles, with a partial $3,750 or full $7,500 tax credit available to people who buy qualifying vehicles. How a car qualifies for those incentives depends on various factors, including its price and where its components and manufacturing are based. Since the new Volkswagen ID.4 cost falls below that threshold and the revolutionary SUV is manufactured in the United States, yes, it does qualify for the full $7,500 tax credit!

On top of that, with the Pennsylvania Department of Environmental Protection offering $750 rebates for EVs through the Alternative Fuel Vehicle Rebate Program, our customers at North Penn Volkswagen may be eligible for even more savings on a new Volkswagen ID.4. Our sales team will be happy to walk you through the application process for these credit programs and others for which your new EV SUV may be suited.

Test Drive the 2024 Volkswagen ID.4 in Colmar, PA

Over and above the advantages of driving a vehicle that cuts carbon emissions and gas bills down to zero, qualifying for the federal EV credit is a significant draw of the Volkswagen ID.4. Contact North Penn Volkswagen today to learn more about federal EV incentives or to schedule a test drive in Colmar, Pennsylvania!

Posted in Volkswagen EV