Most 2023 and 2024 Volkswagen ID.4 EVs are Now Eligible for Full $7,500 Federal Tax Credit in 2024

Several models fell out of eligibility as the government updated their requirements for 2024

Volkswagen announced that most 2023 and 2024 Volkswagen ID.4 EVs will be eligible for full $7,500 federal tax credit.

The Volkswagen ID.4 was already known as one of the more affordable EVs sold in the United States. Now, with this federal tax credit, along with other discounts, the ID.4 is even more compelling. The current base model Volkswagen ID.4 Standard comes in at just over $40,000 MSRP. That model has a 62-kWh battery and an EPA-estimated range of 209 miles. If you go bigger with the ID.4 Pro, it comes with a 82-kWh battery that allows for an EPA-estimated range of 275 miles.

No word if this tax credit will be available for the long anticipated Volkswagen ID.Buzz.

From the automaker’s statement:

Pablo Di Si, President and CEO of Volkswagen Group of America

Keep in mind: this tax credit is available for most 2023 and 2024 ID.4s. As an example, vehicles with LG components do not qualify. Volkswagen says to apply tax credit as a down payment, the purchaser must elect to transfer the entirety of the allowable credit. Then they have to complete a buyer attestation. Plus, additional documentation to a participating dealer that has been approved by the IRS for Energy Credits Online.

The potential for savings is beginning to look very promising. As an example, if you add up all the potential savings for a base model ID.4 in California, you could see savings bringing the price down to the $25,000-ish-zone. This could help sales.