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There has been a lot of confusion about 2023’s new federal EV tax credit law.  First of all, when it comes to the tax code, many of us find it beyond confusing.  That is why a lot of people rely on tax professionals to help them prepare their annual tax returns.  Well the new EV tax credit won’t disappoint you, it is extremely confusing. more So What Exactly Is The Electric Vehicle Tax Credit? The electric vehicle tax credit is a nonrefundable tax credit. It is offered to taxpayers who purchase a qualifying new electric vehicle or plug-in hybrid vehicle. It can also be used on qualifying used electric vehicles.  A nonrefundable tax credit will lower your tax liability by the credit amount. However, it can only be used to offset taxes you owe. If you do not owe taxes and are receiving a refund, you can not use the tax credit.  Taxpayers can only claim one credit per vehicle. The new vehicle EV tax credit is worth up to a total of $7,500. It consists of a $3,750 tax credit for the battery requirement and a $3,750 tax credit for the critical minerals requirement. The new electric vehicle must meet several other qualifications in order to qualify the full EV tax credit. You may also qualify for up to $4,000 tax credit on qualifying used electric vehicles. There is a maximum limit of 30% of the sales price of a used EV. How Will I Know If I Qualify For The Tax Credit? First, the vehicle you are purchasing must qualify for the tax credit.  The vehicle must meet several criteria such as MSRP, final assembly requirements, and battery & critical minerals requirements.  The IRS urges taxpayers to use its tool for the most up to date information on the tax credit and vehicle requirements.  You can now consult the FuelEconomy.gov website for the latest information. The purchaser of the electric vehicle must also qualify for the tax credit.  The new law sets limits on the modified adjusted gross income for taxpayers in order to qualify for the tax credit.  If both the vehicle and the taxpayer meet the requirements for the tax credit, you must file IRS Form 8936 with your tax return to claim the EV tax credit. Wallace Kia Is Here To Help Let the sales professionals at Wallace Kia of Stuart help answer any questions you may have on new or used electric vehicles and plug-in hybrids.  Ready to explore a new or used electric vehicle, contact Wallace Kia today.

Kia is leading the way to the future of driving with eight fuel efficient vehicles for 2023.  Get better gas mileage with the hybrid version of your favorite Kia Model.  In 2023, Kia is offering three hybrid vehicles with the Kia Niro Hybrid, Kia Sorento Hybrid and Kia Sportage Hybrid.  Looking for even more sustainability, a Kia Plug-In Hybrid combines an electric motor with no tailpipe emissions and a gas engine for when your battery runs out.  Kia offers the following Plug-In Hybrid models: the Kia Niro Plug-In Hybrid, the Kia Sorento Plug-In Hybrid, or the Kia Sportage Plug-In Hybrid.  Last, for the true zero gas user, the Kia Niro EV and the Kia EV6 will provide you with a pure all electric vehicle to travel the roads and help the environment. Wallace Kia in Stuart is your Treasure Coast Kia dealer to help answer all your questions about the benefits of all Kia electric vehicles. more Kia Niro EV All Electric Crossover The Kia Niro EV is an all electric crossover that provides you utility, convenience and a thrilling driving experience in a sustainable way.  The all electric powertrain will drive you down the road with zero emissions, an EPA estimated 253 mile range, and a 113 MPGe.  The 201 horsepower engine and instant torque provides for quick acceleration while a low center of gravity allows for great handling.  You will also enjoy the best in class 63.7 cubic feet of cargo space and an available smart power tailgate to make loading your gear easy.  Safety is top of the list on the Kia Niro EV with 20 standard safety assist features such as blind spot detection, rear cross-traffic collision-avoidance assist, and navigation based smart cruise control.  You will also feel safe and protected with the Kia 10 year/100,000 mile battery and powertrain warranty.  Charging the Kia Niro EV is a breeze and you can add 100 miles range in approximately 30 minutes on compatible DC fast chargers.  At home charging is made easy as Kia has partnered with ChargePoint to offer ChargePoint Home Flex EV Chargers available through the accessories department at your local Kia dealer. Kia EV6 GT, Unmatched All Electric Driving Experience The Kia EV6 GT takes the driving experience of an all electric vehicle to a whole new level!  The Kia EV6 GT is exciting to drive with a low center of gravity, a powerful all-electric engine and a sport suspension.  With 320 horsepower and 446 lb-ft. of torque, the Kia EV6 GT AWD has a 0-60 mph time of 4.6 seconds.  The Kia EV6 GT RWD has a 310 mile EPA estimated range and allows for up to an 80% charge in approximately 18 minutes at an ultra-fast DC charger relieving any range anxiety you may have.  Currently, there are over 41,400 charging stations available in the United States and more are added everyday.  Installing a Level 2 home charger allows you to conveniently charge your Kia EV6 at home.  You also get the benefit of the Kia Drive Wise package of 20 standard safety assist features such as blind spot detection, rear cross-traffic collision-avoidance assist, and navigation based smart cruise control.  The Kia 10 year/100,000 mile battery and powertrain warranty will give you piece of mind during your ownership. Why Buy A Hybrid Vehicle From Wallace Kia In Stuart There are a ton of benefits to owning a plug-in hybrid car or all electric vehicle.  Saving money at the gas pump and doing your part to improve the environment are just a few.  Keeping the Treasure Coast beaches and air clean should be a priority for all of us that are lucky enough to live and work here!  Whether you are looking for a new Kia EV6 or a used hybrid car for sale, Wallace Kia near Fort Pierce and Port St. Lucie should be your first stop.  Browse our inventory online, then contact Wallace Kia or schedule a test drive appointment today.

The all new 2022 Kia EV6 electric crossover is almost here.  Robot Dog loves the feeling of driving past the gas station and saving money at the pump.  This allows more money to go to his biscuit fund!  To see why Robot Dog is so excited about the Kia EV6, keep reading and watch the video below. more It is easy to see why Robot Dog is so excited!  The Kia EV6 has an estimated all-electric range of 310 miles, ultra-fast DC charging that adds up to 217 miles in 18 minutes, and the ability to go 0-60 MPH in 4.6 seconds with AWD.  There is also plenty of room for the whole family as the Kia EV6 has comfortable seating for five adults plus 50.2 cubic feet of maximum cargo space, making those weekend getaways fun and easy.  The Kia EV6 starting MSRP of $40,900 won't break the bank and the industry-leading Kia 10-year/100,000 mile limited battery warranty will give you piece of mind that your purchase is protected. You will be blown away by the Kia EV6 convenience and innovation that includes dual 12.3-inch panoramic connectivity displays, Apple CarPlay & Android Auto, Wi-Fi hotspot, and smart key with push button & remote start.  The Kia Drive Wise Driver Assist Technology is sure to make you feel safe as you enjoy your trip down the road in comfort and style.  You can see why Robot Dog is so excited about the all new 2022 Kia EV6 and you will be too!  Contact Wallace Kia in Stuart and let our sales staff tell you more about the Kia EV6 Electric Crossover.