Remove Auto Remove Grant Remove Tax Credit Remove United States
article thumbnail

How to Get the Federal Clean Vehicle Tax Credit This Year

Blink Charging

The United States federal government has made it even easier to buy a new or used electric vehicle (EV). The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. Here’s what you need to know.

article thumbnail

81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China.

article thumbnail

Lucid Motors to further localize supply chain under materials agreement with Graphite One

Baua Electric

Furthermore, localizing supply chains is another way automakers like Lucid Motors are utilizing to cut costs and potentially qualify for Federal tax credits. The United States currently imports 100% of its natural and synthetic graphite – a critical material in BEV battery technology.

article thumbnail

Progress! IRA signed into law

Electric Auto Association

EV provisions The legislation creates a new and used EV tax credit, extending the tax credit on some new EVs to 2032 while shifting tax incentives to more affordable models that are manufactured in North America. This will support millions more low- and middle-income families than the original credit.

article thumbnail

Nonprofits Fueling the EV Industry

Clean Fleet Report

Inflation Reduction Act passed in August 2022 contains several points concerning EVs, including: Tax credits: Until 2032, buyers can receive a $7,500 tax credit on a list of approved American-made EVs. Used cars, commercial EVs and charging station equipment are also officially eligible for the credit.

article thumbnail

Electric Vehicle Spotlight: Financing Chevrolet Equinox EV

EV Life

EV Tax Credit Equinox LT $30,000 250 miles 210 hp $7,500 Equinox RS $40,000 300 miles 290 hp $7,500 How to Save Money on Your Chevy Equinox EV Americans looking to save money on their EV purchase will find no shortage of programs designed to incentivize the switch to electric. Colorado Electric Vehicle Tax Credit.

article thumbnail

What You Need to Know About Owning Versus Leasing Fleet EVs

Blink Charging

Tax incentives are easier There are federal tax incentives for new, used, and commercial electric vehicles. In addition to those, there are also hundreds of state and local EV purchasing incentives across the United States.

Fleet 52