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Volkswagen says most Chattanooga-made ID.4s eligible for EV tax credit | Chattanooga

January 25, 2024 at 9:00 p.m.

Mike Pare

Staff photo by Matt Hamilton / Volkswagen ID.4 all-electric SUVs roll off the assembly line during the vehicle’s launch at the Chattanooga production plant in 2022. The Chattanooga-made EV is now eligible for a federal tax credit.

Volkswagen is the first international automaker to qualify for a $7,500 federal tax credit in 2024 for a full-battery electric vehicle with the company’s Chattanooga-made ID.4 leading the way.

According to the company, most 2023 and 2024 model year ID.4 SUVs are eligible for the full federal tax credit this year.

The ID.4 already is one of the lowest-priced electric SUVs on the market, and the $7,500 tax credit makes it even more attainable, Pablo Di Si, president and chief executive of Volkswagen Group of America, said in a statement.

“This shows that we made the right decision to localize assembly of the ID.4 in Tennessee and invest even further in battery production, components and innovation,” he said.

The ID.4 is assembled at Volkswagen’s 5,500-worker plant alongside the conventionally powered Atlas and Atlas Cross Sport SUVs.



This article was originally published by a www.timesfreepress.com . Read the Original article here. .

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