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New Alfa Romeo qualifies for EV tax credit under Inflation Reduction Act

PORTLAND, Ore. (KOIN) – The Inflation Reduction Act passed in 2022 brought some new rules for 2023 when it comes to electric vehicles.

Only 14 electric and hybrid vehicles are eligible for the $7,500 tax credit when purchased or leased, including the 2024 Alfa Romeo Tonale — which qualifies for the credit because of a loophole in the law.

“The all new 2024 Alfa Romeo Tonale spearheads a new era of luxury, electrification and connectivity while remaining faithful to the race-inspired DNA that Alfa Romeo is known for,” auto expert Nik Miles said.

The car is the automaker’s first plug-in hybrid vehicle and will be the last with a gas engine as Alfa Romeo moves into all-electric.

With a starting price at $42,995, the Tonale features standard all-wheel drive and a 15.5 kilowatt-hour battery providing an electric range of more than 30 miles.

The 2024 Alfa Romeo Tonale will start drifting into showrooms in the next few months.

Watch the video above to learn more.