Some VW ID.4 EVs Qualify for Full Federal Tax Credit

VW ID.4 Full Electric Compact SUV – courtesy of and copyright Volkswagen of America – January 2024

Ken Zino of AutoInformed.com on Some VW ID.4 EVs Qualify for Full Federal Tax Credit

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Potential Federal Tax Credit of up to $7500.

• Not all vehicles or customers will qualify. Only MY24 and MY23 ID.4 vehicles with SK components qualify.
• MY23 ID.4 vehicles with LG components do not qualify.
• See vehicle Monroney label (window sticker) for battery component manufacturer.
• Vehicle must be purchased and placed in-service in 2024.
• Tax credit applies only on the original purchase of a qualifying vehicle and is not available in a lease transaction. The tax credit referenced is for informational purposes only.
• This information does not constitute tax or legal advice.
• All persons considering use of available tax credits should consult a tax advisor to determine eligibility based on their specific tax situation.
• Tax credits are subject to various limitations not within Volkswagen’s control and are subject to change without notice.
• To apply tax credit as a down payment, purchaser must elect to transfer the entirety of the allowable credit and complete a buyer attestation and provide additional documentation to a participating dealer that has been approved by the IRS for Energy Credits Online.

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