Is the Kia EV6 Eligible for the Federal EV Tax Credit?
If you’ve been on the EV fence for a while, some incentives might sway your decision. Not only do electric vehicles sound appealing to avoid high fuel costs, but tax credits can help you recoup the money you spend on purchasing specific EVs. So the big question is, which models are eligible? The all-new 2022 Kia EV6 is a top contender among electric vehicles. But does it qualify for the federal EV tax credit? And what about state incentives? Here’s what you should know.
What does the federal EV tax credit include?
Before you buy a 2022 Kia EV6 or any other EV, you’ll want to explore the potential savings in the form of federal tax credits. Any fully electric or plug-in hybrid car purchased new during or after 2010 can qualify. If the vehicle is eligible, the federal tax incentive will credit buyers a dollar amount, up to $7,500 when they file their taxes for that year. Also, your state might also provide additional tax credits, which you can explore via the U.S. Department of Energy.
The amount of credit will be based on various criteria. According to the IRS, the vehicle must have four wheels, weigh less than 14,000 pounds, and have the ability to charge with a plug. The EV must also have a battery capable of providing at least 4 kWh of power. So, does the 2022 Kia EV6 meet the criteria?
Is the Kia EV6 eligible for EV tax credits?
The 2022 Kia EV6 comes in three variations, the RWD standard, the RWD Long Range, and the AWD Long Range. According to the official FuelEconomy.gov site, all three models qualify for the full federal tax credit of $7,500.
In addition, FuelEconomy.gov also says the 2022 Kia EV6 AWD Long Range can save the owner as much as $8,500 in fuel costs over five years of ownership. And the RWD Long Range variation can provide fuel cost savings of up to $8,750 over five years of ownership.
If those cost savings and tax credits don’t help you make up your mind, check out what else the 2022 Kia EV6 offers below.
The 2022 Kia EV6 is an excellent option
The 2022 Kia EV6 deserves a look if you want a five-passenger crossover with up to 310 miles of range on a full charge and compatibility with the latest, high-output DC fast-charging stations. Kia says this EV will bank 217 miles of range with just 18 minutes of charging, too, making it convenient to keep charged.
This crossover is no slouch in the performance department either. It can scoot from a standstill to 60 in a zippy 4.6 seconds, making it faster than even the Porsche Cayenne Coupe. But if that’s not fast enough, a 576-hp GT model is in the works. You’ll enjoy the driving dynamics and interior comforts with its driver-centric cabin, available augmented reality head-up display, and dual panoramic screens.
You can buy the 2022 Kia EV6 for a starting MSRP of $40,900. Subtract from that amount the federal tax credit and any qualifying state credits, and you have yourself a pretty good value proposition. Knowing how much you can save over the ownership experience, you might be wondering why you haven’t considered an EV6 already.
Now that you know the 2022 Kia EV6 qualifies for the federal EV tax credit, you can add it to your list of vehicles to test drive. This cost-saving EV doesn’t compromise style or comfort.