Teslarati

DECEMBER 12, 2023

Tesla updated its configuration page recently, informing customers that select Tesla Model 3 variants will not qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit in 2024. The Tesla Model 3 Rear-Wheel Drive (RWD) and the Long Range variant qualify for the IRA’s $7,500 tax credit until December 31, 2024.

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Green Car Congress

APRIL 11, 2019

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp., ITC Holdings Corp.,

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CleanTechnica EVs

NOVEMBER 24, 2022

to be a bit loose in determining whether EVs comply with new EV tax credit requirements. By mining rare-earth minerals, we are then able to obtain the rare-earth elements needed for renewable energy, mobile devices, and […]. Ford wants the U.S. Read on for what’s going on here.

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Teslarati

APRIL 17, 2023

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. The Chevrolet Silverado EV will be equipped with GM’s Ultimum Platform and probably the Ultium battery pack. Treasury’s proposed guidance on critical minerals and battery component requirements.

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Teslarati

JANUARY 27, 2023

Michigan Senator Debbie Stabenow successfully opposed a proposal by fellow Democrat Joe Manchin of West Virginia to eliminate certain electric vehicle models from being eligible for the Inflation Reduction Act’s (IRA) $7,500 tax credit. It also introduced new regulations for sourcing EV batteries.

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CleanTechnica EVs

JANUARY 5, 2024

continued] The post Don’t Worry If Your Favorite GM EV Doesn’t Qualify For A Federal Tax Credit appeared first on CleanTechnica. You’ve probably been frustrated this week if you were waiting for 2024’s cash rebate program to buy a General Motors.

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Baua Electric

APRIL 4, 2024

Battery materials and technology company NOVONIX has been selected to receive a $103-million tax credit under section 48C of the Qualifying Advanced Energy Project Allocation Program, to support production of critical battery materials at its Riverside facility in Chattanooga, Tennessee.

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Blink Charging

APRIL 13, 2023

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.

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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. The IRA tax credits are new, so it’s good to have a tool to refer to during tax preparation. Tesla drivers, this pertains to you, too.)

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Baua Electric

MAY 3, 2024

In a coordinated push through federal agencies, the Biden administration on Friday released a revised set of regulations applying to the EV tax credit that will ultimately make the credit easier to claim for a wider range of vehicles in 2025 and 2026 but no easier for Chinese companies to gain a foothold on the market.

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Green Energy Consumers

DECEMBER 20, 2023

The transition to electric vehicles (EVs) is a central pillar of the Biden administration’s commitment to reducing carbon emissions and combating climate change and the federal Clean Vehicle Tax Credit is a key part of the administration’s approach.

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Green Energy Consumers

FEBRUARY 7, 2023

Last week, the Internal Revenue Service (IRS) and Treasury Department made a change to the federal tax credit for electric vehicles (EVs) that changes the list of eligible vehicles for 2023.

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EV Adoption

NOVEMBER 26, 2021

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

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Green Car Reports

DECEMBER 13, 2022

The IRS starts detailing what it needs for the revamped EV tax credit. And the DOE backs the batteries for GM’s EV plan. Department of Energy on Monday confirmed a $2.5 Some Kia Niro EV models have been recalled. We look at what didn’t make the finals for Best Car To Buy. billion.

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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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CleanTechnica EVs

JUNE 4, 2023

billion in Inflation Reduction Act production tax credits this year. That will put the two companies far ahead of the estimated $480 million that General Motors and LG Energy Solution are expected to receive. Benchmark Mineral Intelligence is reporting that Tesla and Panasonic are expected to receive about $1.8

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Baua Electric

MAY 3, 2024

Manufacturers may temporarily exclude certain impracticable-to-trace battery materials from FEOC compliance until 2027 as long as they demonstrate how they plan to comply by then, Treasury said. 1 restricting Chinese content in batteries eligible for EV tax credits of up to USD 7,500, which sharply cut the number of eligible vehicles.

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EV Life

JUNE 29, 2023

The bill puts forth several measures aimed at advancing decarbonization in the state, including tax credits for industrial facilities to implement emission-reducing improvements, new spending for geothermal energy projects and geothermal electricity generation, the construction of sustainable aviation fuel production facilities, and more.

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Setec Powerr

APRIL 26, 2023

The global push towards sustainable energy and reducing carbon emissions has given rise to the popularity of electric vehicles (EVs). One such incentive is the electric car tax credit, designed to help offset the initial cost of EVs for buyers. Section 1: Overview of the Electric Car Tax Credit in 2023 1.1

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Baua Electric

JANUARY 26, 2024

Photo: NextEra Energy Republicans have vowed to tear apart the Inflation Reduction Act, but the chief executive of NextEra Energy, the US’s largest renewable developer, says that’s “unlikely” if they win the election. It saw record renewables and battery storage orders in 2022 and 2023 that totaled 17,000 megawatts of capacity.

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Blink Charging

DECEMBER 15, 2023

Opting for an electric vehicle and leveraging the EV tax credit to help with your next electric vehicle purchase is a smart move. One such incentive is the Clean Vehicle Credit , a key component of the Biden administration’s Inflation Reduction Act. View IRS instructions for claiming credit.

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EV Life

JANUARY 11, 2024

Colorado is one of the newest states looking to accelerate widespread EV adoption through aggressive financial incentives, introducing an electric vehicle tax credit for its residents in 2023. This is great news for Tesla fans, as many Tesla models qualify for the credit. And the federal tax credit just got even easier to use.

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Teslarati

MAY 27, 2021

The United States Senate Finance Committee is looking to boost the possible Electric Vehicle Tax Credit to $12,500 for manufacturers that have assembled union workers within the U.S. will still qualify for tax credits but will not receive the full amount. Other companies that do not have unionized workers in the U.S.

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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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Clean Fleet Report

SEPTEMBER 2, 2022

One of the most intriguing of these changes for car buyers is a revamped electric vehicle (EV) tax credit. How Much Can You Get from the EV Tax Credit? The new EV tax credit, like the one that preceded it, offers up to $7,500 for electric passenger cars and light trucks. However, these will change.

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Baua Electric

JANUARY 2, 2024

The list of electric vehicles qualified for the EV tax credit in calendar year 2024 has been released. Also of note: No Rivian electric truck qualifies for the full $7,500 tax credit amount in 2024, at this time. The credit amount on these models has fallen to $3,750. And as expected, it’s very short.

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Green Energy Consumers

APRIL 21, 2023

Earlier this month, we published a blog warning that the list of electric vehicles (EVs) that qualify for the federal tax credit would change on April 18, when the battery requirements written into the Inflation Reduction Act (IRA) finally kicked in.

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EV Adoption

AUGUST 18, 2021

When Congress comes back in September from its August recess, members will be faced with legislation that needs to be finalized and then voted on, including the Clean Energy Act for America (CEAA). It is unclear how Tesla and GM will address this retroactive credit availability for leased EVs.

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Baua Electric

JANUARY 24, 2024

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. AWD cars and 62 kWh Standard and S trims have SK-supplied batteries.

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Baua Electric

JANUARY 23, 2024

January 1, 2023, kicked off a fresh start of new tax credits for vehicles, both new and used. Since then, much of the dust has settled on the Capitol as it continues to implement qualifying terms for tax credits , continuously shifting what used EVs do and do not qualify. Here’s the latest list. Here’s how it works.

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Electric Auto Association

APRIL 5, 2023

Many Americans want to know if their next EV purchase qualifies for a full, half, or any tax credit. kWh battery pack Est. 0-62 mph time is 9.4 kWh battery pack Est. 0-62 mph time of 8.2 kWh battery pack The “e” symbol designates that the cars qualify for the U.S. EV tax credit.

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Baua Electric

JANUARY 3, 2024

As sales of electric vehicles continue to grow in 2024, many new and prospective customers have questions about qualifying for a federal tax credit on electric vehicles. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place. More on that below.

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EV Life

JANUARY 4, 2024

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?

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EV Life

OCTOBER 7, 2023

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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Green Energy Consumers

APRIL 4, 2023

Back in January, we reported that the federal government was delaying the implementation of the complicated new battery and mineral requirements for the federal tax credit for electric cars, known as the Clean Vehicle Credit. Here’s what you need to know about these upcoming changes to the federal tax credit.

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EV Adoption

FEBRUARY 23, 2021

On February 5, Mike Thompson , Chairman of the House Ways and Means Subcommittee on Select Revenue Measures announced the introduction of the Growing Renewable Energy and Efficiency Now (GREEN) Act (PDF). Buyers can claim a base credit of $1,250 for the purchase of qualifying used EVs, with additional incentives for battery capacity.

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Plug in America

AUGUST 17, 2022

What the new EV tax credits in the Inflation Reduction Act mean for you. You may have heard about the Inflation Reduction Act (IRA) which includes the new federal EV tax credit and has now been signed into law by President Biden. . The new EV tax credit has spurred confusion among interested consumers.

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