Teslarati

JANUARY 2, 2024

Treasury’s updated guidance on the federal electric vehicle (EV) tax credit has officially taken effect. With some of Tesla’s vehicles losing access to the credit in 2024, one Model 3 configuration is currently looking more appealing than ever. However, sightings of the Model 3 Highland in the U.S.

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Teslarati

NOVEMBER 29, 2023

The reprieve would concern the eligibility of electric vehicles for the IRA’s tax incentives. One of the biggest concerns about the IRA’s requirements for EV tax credit eligibly regards battery packs, cells, and the materials used to manufacture them. The Teslarati team would appreciate hearing from you.

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Electrek

DECEMBER 29, 2022

The US Treasury has released new guidelines on the electric vehicle tax credit in the Inflation Reduction Act , which seem to suggest that leased vehicles can qualify for the EV tax credit even if they were assembled outside of North America, Reuters reports.

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Teslarati

JANUARY 25, 2024

4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal tax credit for electric vehicles. 4 units with batteries from SK On qualify for federal tax credits. 4 EV may choose to apply the tax credit as a down payment for the vehicle. The 2023 ID.4 Only VW ID.4

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Green Car Congress

MAY 21, 2021

Dan Kildee (MI-05) and Julia Brownley (CA-26), is supported at introduction by climate groups such as the Environmental Defense Fund and the World Wildlife Fund, and by industry groups, such as United Airlines, Airlines for America, LanzaJet, and the Airline Pilots Association. The legislation would create a tax credit starting at $1.50

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InsideEVs

NOVEMBER 20, 2024

Don't expect the move to have a big impact on gas car sales either.

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Electric Cars Report

JANUARY 26, 2024

Volkswagen of America announced that the MY23 Volkswagen ID.4 4 models (when released with SK On components) that are placed in service in 2024 will be eligible for the full $7,500 Federal Tax Credit on a purchase by a qualifying purchaser, making the ID.4 Volkswagen of America announced that the MY23 Volkswagen ID.4

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The Truth About Cars

MAY 27, 2021

On Wednesday, the Senate Finance Committee advanced the Clean Energy for America Act making a few tweaks from earlier proposals. Changes include raising the federal EV tax rebate ceiling to $12,500 and opening the door for automakers who already exhausted their production quotas.

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Teslarati

MARCH 23, 2023

government’s tax credit for consumers to buy electric vehicles has been a significant driver regarding the demand for EVs. an automaker must assemble the EV in North America, but with the expected changes, the vehicle’s batteries must also be sourced domestically. Currently, to qualify for EV incentives in the U.S.,

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Electrek

DECEMBER 2, 2022

The Inflation Reduction Act , the major climate bill, was signed today , changing the availability of electric vehicle tax credits. Now, only EVs assembled in North America qualify for the credits. Today the US government released a preliminary list of which vehicles currently qualify for the $7,500 EV tax credit.

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Teslarati

APRIL 5, 2023

Tesla will be receiving lithium supplies from Quebec, giving it an edge in meeting the Inflation Reduction Act’s battery requirements for EV tax credits. A Major Source of Li in North America In a press release , Tesla lithium supplier Piedmont Lithium Inc. Tesla Ahead of the Curve Last week, the U.S.

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Teslarati

MARCH 31, 2023

The IRS has updated its guidance relating to the Inflation Reduction Act’s (IRA) tax credit that applies to electric vehicles, with new rules coming into effect on April 18. These rules go into effect on April 18, and the IRS will publish a new list of what models will qualify for specific credits.

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Baua Electric

MARCH 19, 2024

Photo: Tesla If you bought an EV or made electric upgrades in 2023, then use this Rewiring America tool to confirm which Inflation Reduction Act (IRA) tax credits you qualify for. I wholeheartedly recommend this easy-to-use online tool from electrification nonprofit Rewiring America , which I rely on myself.

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Baua Electric

MARCH 7, 2024

The 2024 Nissan Leaf is once again eligible for a $3,750 federal EV tax credit, Nissan confirmed Wednesday in a press release. This credit—half the maximum amount of $7,500—effectively cuts the price of the Leaf to $25,485 for many households. Nissan also provides a $3,750 lease incentive for 2024 and 2023 Leaf models.

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Teslarati

MARCH 29, 2023

The United States Department of Treasury’s battery sourcing guidance might slash EV Tax credits from the Inflation Reduction Act (IRA). The Treasury will release the battery guidance for the IRA EV tax credits this Friday, April 1, 2023. The battery guidance on sourcing minerals will increase by 10% annually.

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InsideEVs

NOVEMBER 21, 2024

“You’re pulling the rug out from under the whole industry,” Kia America COO Steve Center told InsideEVs on Thursday.

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Blink Charging

FEBRUARY 23, 2023

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. First, the easy part: How do I claim the $7,500 EV tax credit?

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Baua Electric

JULY 11, 2024

Solar and battery systems provider Enphase Energy has introduced new residential and commercial products made in the United States that will help bolster the percentage of available federal tax credits available to customers installing the tech. We are helping to make a meaningful impact on the future of energy in America.

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Electrek

OCTOBER 3, 2022

Georgia Senator Reverend Warnock introduced a new bill that would expand which electric vehicles qualify for a tax credit through the Inflation Reduction Act. The post Georgia Senator introduces bill that would allow Hyundai, other automakers to qualify for EV tax credit appeared first on Electrek.

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Teslarati

DECEMBER 29, 2022

EV tax credit. The Internal Revenue Service (IRS) announced the vehicles that qualify for the 2023 EV tax credit. federal tax credit includes EVs made by fourteen manufacturers. The post Tesla, VW and several other EVs that qualify for the new 2023 US EV tax credit appeared first on TESLARATI.

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CleanTechnica EVs

JUNE 4, 2021

As we reported recently, there’s a big cleantech bill moving through the US Congress that would revive, extend, and expand the zero-emission vehicle tax credit in various ways.

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CleanTechnica EVs

APRIL 8, 2023

It has also added a RWD version of the Model Y for North America. Tesla has juggled its prices once again, lowering the price of the Model 3 RWD by $1,000 and the Model Y by $2,000.

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Electrek

AUGUST 16, 2022

The Inflation Reduction Act , the major climate bill, was signed today , changing the availability of electric vehicle tax credits. Now, only EVs assembled in North America qualify for the credits. Today the US government released a preliminary list of which vehicles currently qualify for the $7,500 EV tax credit.

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Innovation News Network

APRIL 2, 2024

The US Government has announced $4bn in tax credits for over 100 projects across 35 states to accelerate a domestic clean energy supply chain. The post US Government announces $4bn in tax credits to build clean energy supply chain appeared first on Innovation News Network.

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Electrek

NOVEMBER 7, 2022

A new bill introduced in the Senate called the Affordable Electric Vehicles for America Act would allow essentially all EVs in the US to qualify for the $7,500 tax credit if passed. The post Almost all electric vehicles would qualify for the US EV tax credit with new Congress bill appeared first on Electrek.

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EV Adoption

AUGUST 18, 2021

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.

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The Truth About Cars

JANUARY 30, 2024

Photo credit: Volkswagen Volkswagen has recently announced that their MY23 and the upcoming MY24 models of the ID.4, 4, equipped with SK On battery components, will be eligible for the full $7,500 Federal Tax Credit. that qualifies for the full Federal Tax credit. This development makes these models of the ID.4,

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Baua Electric

JUNE 12, 2024

The 2025 Nissan Leaf carries over but loses its eligibility for the federal EV tax credit this model year. After new regulations that were phased in last August, the 2024 Leaf became eligible for a $3,750 credit in October. It’s already been a roller coaster. It’s already been phased out for the U.K.

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Green Car Reports

NOVEMBER 14, 2018

As tax credits for buyers of America's two most popular electric-car brands begin to sunset, automakers and advocates are banding together to restructure the tax-credit program and extend them. Tesla, General Motors, and Nissan—the top three sellers of electric cars in the U.S.—have

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Electrek

APRIL 11, 2022

According to recent comments from Toyota North America, the automaker expects to surpass the 200,000 vehicle threshold for EV sales sometime this summer, disqualifying itself from any additional tax credits in the United States under current legislation.

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Teslarati

MARCH 28, 2024

It appears that South Korean automaker Kia is taking some steps to ensure that its EV9 all-electric SUV will qualify for the full $7,500 federal tax credit in the United States next year. James Bell, head of corporate communications at Kia America noted that EV9 production should begin by the end of May at the Georgia facility.

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Teslarati

AUGUST 17, 2022

Department of Energy’s Alternative Fuels Data (DOE) published a list of electric vehicles that are immediately available for the new $7,500 EV tax credit. Under the new law, only EVs assembled in North America qualify for the credits. Tesla and GM were disqualified since both companies have sold over 200,000 EVs.

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Electrek

SEPTEMBER 8, 2022

Magna Steyr – an Austrian-based contract manufacturer owned by Magna International – recently shared aspirations to enter the US market and produce vehicles in a climate-friendly facility in North America. Based on revised terms for US federal tax credits, could a move by Magna happen? appeared first on Electrek.

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The Truth About Cars

APRIL 17, 2023

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. Alternatively, the batteries can be produced from materials recycled in North America. or in a country where the U.S.

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Baua Electric

MARCH 7, 2024

The 2024 Honda Prologue, the brand’s first all-electric SUV, qualifies for the full $7,500 EV tax credit. With the added credit, the Honda Prologue hits the “sweet spot,” with starting prices under $40,000. Honda announced the 2024 Prologue is eligible for the full $7,500 EV tax credit.

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Baua Electric

APRIL 22, 2024

Both are eligible for the $7,500 EV tax credit, cutting the effective price for many households to just $37,130 and $42,130 respectively. The Model 3 also doesn’t qualify for the EV tax credit. In addition, the base Model Y RWD now undercuts the base Model 3 by $5,000 for the tax-credit-eligible.

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Baua Electric

JANUARY 24, 2024

Photo: Volkswagen of America “Most” 2023 and 2024 VW ID.4s 4s will qualify for the full US EV tax credit in 2024 – here’s the lowdown on eligibility. 4s with US-manufactured SK On battery components placed in service in 2024 will be eligible for the full $7,500 federal tax credit. VW 2023 and 2024 ID.4s

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