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How to Get the Federal Clean Vehicle Tax Credit This Year

Blink Charging

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.

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How Do the Electric Vehicle Tax Credits Work?

Blink Charging

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. The good news is that there are now tax credits for individuals and businesses that buy or lease a new or used electric vehicle! First, the easy part: How do I claim the $7,500 EV tax credit?

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How Do the Used and Commercial Clean Vehicle Tax Credits Work?

Blink Charging

Usually when discussing federal electric vehicle tax credits in the United States , most people are referring to the Clean Vehicle Credit (formerly the Qualified Plug-in Electric Drive Motor Vehicle Credit) for new EVs. But that’s not the only federal tax credit for buying an EV. What is the federal US Used Clean Vehicle tax credit?

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Which EVs Still Qualify for Federal Tax Credits?

The Truth About Cars

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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Driving Dystopia: Pickup Sales Are Probably Going to Decline in the UK

The Truth About Cars

What I assumed would be a quick chat quickly devolved into my being educated on British tax codes, especially the benefit-in-kind (BIK) taxes applied to any items of value provided to employees. For corporate automobiles that also see private use, benefit-in-kind taxes are calculated as a perk on top of the base salary.

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BMW’s 2021 luxury sedan, the 745e PHEV, comes with 16 pure-electric miles

Current EV

The 4-wheel ventilated disc brakes use an anti-lock braking system (ABS) and Brake Energy Regeneration to charge the e-battery. Using electric power only, the car will take you 16 miles before the 12.0kWh Lithium-ion battery needs to be recharged. A Level 1 wall socket replenishes the battery in around 10 hours.

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2021 Toyota RAV4 Prime PHEV: 42 mile EV range/600 total miles! A smash hit!

Current EV

Its 42-mile EV range, its 600-mile total range and relatively low price tag have made the PHEV an instant smash hit. Due to “unforeseen battery supply constraints,” fewer than expected RAV4 Primes have gotten to the USA. The obvious next step after creating a popular RAV4 PHEV would be stepping up to an all-electric version.

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