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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 owed. 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 Nissan Is Here To Help Let the sales professionals at Wallace Nissan in Stuart help answer any questions you may have on new or used electric vehicles and plug-in hybrids.  You can also find answers to many of your questions at the Wallace Nissan EV Center.  Ready to explore a new or used electric vehicle, contact Wallace Nissan today.

The Benefits Of Driving Electric Going 100% electric is a rush!  You will love the performance of pure torque off the line every time you hit the accelerator.  The floor mounted battery pack gives you a low center of gravity which makes cornering a breeze with reduced body roll.  Saving money on gas is not the only money you will save by driving electric.  No more oil changes or tune-ups are required when you switch to a Nissan Electric car or Nissan Electric SUV.  Electric vehicle drivers also get the benefits of HOV lane access, preferred parking and best of all, no tailpipe emissions.  So what are you waiting for?  Checkout the all electric Nissan Leaf and Nissan Ariya today. more Nissan Leaf Electric Vehicle Has A Proven Track Record Now is the time to go electric with a Nissan electric car like the Nissan Leaf.  With over two billion EV miles driven in the US alone by Nissan Leaf owners, there is not a better EV track record out there.  The 2023 Nissan Leaf is available with two battery options for the range you need.  The standard 40 kWh battery provides 147 horsepower and 123 MPGe.  The available 60 kWh battery pumps out 214 horsepower and has an impressive 121 MPGe.  The battery is also covered by a 96-month/100,000 mile warranty.  Charging your new Leaf is easy.  Charge at home or on the go with a 240V outlet and portable charging cable.   You can also take advantage of the nearly 6,000 public DC quick charging stations across the country for an even quicker charge.  The Nissan Leaf also features a 120 V charging cable so if you are in a pinch, you can charge your Leaf from a standard 120 V outlet.  Nissan has teamed up with Wallbox to help with you with home charger installation. You can feel safe when driving the Nissan Leaf with the standard Safety Shield 360 safety features.  Automatic Emergency Braking with Pedestrian Detection, Rear Automatic Braking, Rear Cross Traffic Alert, Blind Spot Warning, Lane Departure Warning and High Beam Assist are all standard features included on every Nissan Leaf.  There are also several additional driver assistance technologies available on the Nissan Leaf like ProPilot Assist.    Nissan Connect lets you instantly sync your smart phone with the 8 inch customizable touch-screen display.  Apple CarPlay and Android Auto lets you bring your favorite apps and entertainment to your Nissan Leaf. Wallace Nissan in Stuart is your Treasure Coast dealer for the Nissan Leaf.  Visit us today, or schedule a test drive appointment online.  The sales team at Wallace Nissan near Fort Pierce is ready to show you why driving an electric vehicle will leave you wanting one. 2023 Nissan Ariya Continues The All Electric Experience The all new Nissan Ariya gives you all the benefits you would expect from an electric vehicle plus the freedom to choose.  Two different battery sizes along with two different drivetrains provides for different vehicle ranges depending on which trim level you choose.  The Nissan Ariya Engage FWD with 214 horsepower and a 66 kWh battery gives you a range of 215 miles per charge, while the Nissan Ariya Venture+ FWD with a 238 horsepower and a 91kWh battery will provide you with a range of 304 miles.  You can choose the battery and drivetrain that best suits your daily driving habits. The new Nissan Ariya is packed with the latest safety and driver assist features.  Every Ariya comes with ProPilot Assist 2.o or ProPilot Assist with Navi-link.  Nissan ProPilot Assist offers hands-off single-lane highway driving, lane change assistance, and guided exits.  When the information display shows a blue interior light and an icon, you can take your hands off the wheel and feet of the pedals and let ProPilot 2.0 take over.  The in car ProPilot parking system will also help you navigate tight parking spaces.  Push the ProPilot Park button and your Nissan Ariya will take over steering, accelerator, brakes and gear shift so you slide into a parking spot.  Some other safety features of the Nissan Ariya are an Intelligent Rear View Mirror, Intelligent Around View Monitor, Intelligent Forward Collision Warning, Rear Automatic Braking, and Intelligent Blind Spot Detection. Carefree charging is also made easy with one year unlimited EVgo charging.  Charging at home is made possible through a partnership with Wallbox.  Installing your home charging equipment with Wallbox home charging solutions will let you plug in your Nissan Ariya when parked at your home.  Don't wait, contact Wallace Nissan near Jupiter for the latest information on the 2023 Nissan Ariya. Why Buy A Hybrid Vehicle From Wallace Nissan In Stuart There are a ton of benefits to owning a plug-in hybrid car or pure electric vehicle. Saving money on gas is what first comes to mind. What about doing your part to help improve the environment? Keeping the Treasure Coast beaches and air clean should be a priority to all of us that live and work here! Whether you are looking for a new Nissan Leaf or a used hybrid car for sale, Wallace Volkswagen near Fort Pierce is here to help you. Browse our inventory, then contact Wallace Nissan or schedule a test drive appointment online.