Remove Alternative Fuels Remove Blog Remove Plug-in Remove Tax Credit
article thumbnail

Deep Dive into the Alternative Fuel Infrastructure Tax Credit in 2022 and 2023

Blink Charging

The Section 30C Alternative Fuel Vehicle Refueling Property Infrastructure tax credit expired at the end of 2021; however, with the passage of the Inflation Reduction Act of 2022, the program was renewed for another 10 years with a few caveats. Learn more about the EV tax credit.

article thumbnail

How Government Incentives Help Convenience Stores Install Electric Vehicle Chargers

Blink Charging

With the National Electric Vehicle Infrastructure (NEVI) Formula Program and Charging and Fueling Infrastructure (CFI) Discretionary Grant Program, the United States will soon be connected from coast to coast by EV chargers. Here’s what you need to know about the new EV corridors and funding your convenience store’s EV charging project.

Store 104
article thumbnail

The 4 Types of Electric Vehicles and How to Charge Them

EV Connect

Some electric vehicles even qualify for federal tax credits, worth up to $7,500, but these depend on satisfying critical mineral and battery component criteria. Level 2 (AC) : Using the same cable, you plug into the socket at your home (if adapted), workplace, or commercial EV charging station. with 16% of new car sales in 2023.

article thumbnail

Report: Toyota To Build Subaru Three-Row EV in Kentucky

The Truth About Cars

federal tax credits because they’re both built in Japan, making moving EV production to a domestic location the most logical next step for both. federal tax credits because they’re both built in Japan, making moving EV production to a domestic location the most logical next step for both.

article thumbnail

How Federal and State Government Incentives Make It Easy to Become an EV Owner

Blink Charging

Federal Incentives for Purchasing an EV Among the federal government’s incentives for drivers, you can find tax breaks for both new and used EVs that are in place until the end of 2032. As long as your modified AGI is below the threshold in one of the two years, you can claim the credit. Must be used primarily in the US.

article thumbnail

Why Fleet Owners Are Electrifying Their Vehicles This Year

Blink Charging

Thanks to new tax credits for EVs and EV charging stations as well as lower fuel and maintenance costs for EVs, fleet managers can now save money while setting an example for other organizations. Limited time to claim tax credits for EV fleets There are currently numerous incentives to purchase EVs and EV charging equipment.

Fleet 92
article thumbnail

How to Take Advantage of EV Charging Incentives for Fleets

Blink Charging

You can find incentives such as: Tax credits – These incentives lessen the amount of taxes that must be paid to the government for specific purchases. Maryland provides grants through its Clean Fuels Incentive Program (CFIP), which is administered by the Maryland Energy Administration.

Fleet 52