Just want to double check I'm not missing anything- A new Honda Accord Hybrid Sport 2025 won't qualify for this credit does it need to fit all the below requirements? I checked it's assembled in USA, I thought this was one of the requirements for getting credit. If I do qualify, please let me know how to enter it in TT as I followed the steps didn't get anything unless I missed something. I'm using windows desktop version.
I bought it late Dec so I guess I won't qualify for Car Loan Interest?
Qualified four-wheel vehicle
To be considered a qualified energy-efficient vehicle, it needs to meet these criteria:
- Have a battery storage capacity of 7 kilowatt-hours (kWh) or more.
- Weigh less than 14,000 pounds in gross vehicle weight.
- Be produced by a qualified manufacturer (fuel-cell vehicles excluded).
- Undergo final assembly in North America.
- Have 50% or more of the value of the battery components manufactured or assembled in North America (required for one of the $3,750 credits).
- Have 40% or more of the value of the minerals contained in its battery mined or processed in countries with which the US has a free trade agreement, or recycled in North America to receive the remaining $3,750 credit.
- Have a manufacturer suggested retail price that doesn't exceed $80,000 for SUVs, pickups, and vans or $55,000 for other vehicles.
