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How to Get the Federal Clean Vehicle Tax Credit This Year

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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. The Clean Vehicle Tax Credit for new EVs is worth up to $7,500 and the Previously Owned Clean Vehicle Tax Credit is worth up to $4,000. Here’s what you need to know.

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What EV Drivers Should Know About Leasing an EV This Year

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Although the $7,500 consumer tax credit for buying an electric car is becoming more restrictive for new vehicles adhering to specific manufacturing requirements , there’s a provision enabling consumers to still enjoy the credit when leasing an EV assembled outside of North America.

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What You Need to Know About Owning Versus Leasing Fleet EVs

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In this blog, we will explore the advantages of both owning and leasing a commercial electric fleet. Advantages to buying EVs for your fleet There are three main benefits to buying EV fleet vehicles: tax incentives, asset control, and no restrictions on mileage. In addition, beginning on Jan.

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Four Major Trends in the eMobility Industry in 2021

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The “carrot” typically takes the form of incentives such as subsidies and tax credits. The German government offers grants up to €9,000 plus tax reductions for fully electric passenger vehicles, €40,000 for small to medium-sized electric trucks and up to €500,000 for heavy-duty trucks. Looking ahead.

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Workplace EV Charging: Business Benefits and Considerations for Success

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Incentives ease the burden of providing workplace EV charging Government agencies at the country, region, state, and municipality levels typically offer incentives ranging from grants to tax credits to help defray the cost of installing workplace EV charging infrastructure. Operational excellence.

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

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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. Use Form 8911 to claim your credit.

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

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Whether you are looking to purchase your first electric vehicle (EV), your next EV, or electric vehicle supply equipment (EVSE) for your home, the United States has incentives, rebates, grants, and programs to help. From 2026-2029, the minimum battery component requirement increases 10% each year. Must be sold by a licensed dealer.