The Truth About Cars

NOVEMBER 30, 2020

COVID-19 has changed that, as 31 percent of those without a car intend to buy one in the next six months, and 45 percent of them are Millennials. EY, a global leader in assurance, tax, strategy, and consulting services, and […]. The post Millennials Really Do Intend to Buy Cars. Thank the Pandemic.

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The Truth About Cars

OCTOBER 22, 2024

While the study is broad in scope, encompassing some similarly bleak news about home buying, the two issues seem closely related as rising costs don’t appear to be doing the economy any favors. Buying a house costs more upfront and incurs property taxes. Renters never own the places they live and are subject to shifting rates.

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Blink Charging

NOVEMBER 9, 2023

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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The Truth About Cars

APRIL 29, 2024

That price hike will come as a disappointment to hopeful buyers, but it’s still the only car in the Model 3 line that qualifies for federal tax credits, which can make it less expensive than the Long Range variant in some configurations.

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Blink Charging

JANUARY 19, 2024

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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The Truth About Cars

JANUARY 11, 2024

The company announced that it would buy tens of thousands of electric vehicles from Polestar, BMW, Chevrolet, Tesla, and others and had aimed to purchase 100,000 Teslas by the end of 2022. While that splashy announcement likely netted the company new customers, it now has hundreds of EVs on sale as it moves to scale back its fleet.

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The Truth About Cars

FEBRUARY 13, 2024

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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The Truth About Cars

FEBRUARY 9, 2024

but it’s clear we should all be thankful that we’re not facing steep taxes and penalties for continuing to buy gas vehicles. Electric vehicles have become an unnecessarily politicized product in the U.S.,

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The Truth About Cars

APRIL 19, 2023

Though it’s now cheaper to buy a new Tesla Model 3 or Model Y, some are eligible for federal tax credits, making them even more appealing. Some Tesla rivals’ vehicles qualify for tax credits, but many do not. The Model Y saw prices fall across the board by $3,000, bringing the base price to $46,990.

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The Truth About Cars

MAY 11, 2023

That said, the expansion is aimed at the company’s Japanese operations, so it’s not a promising sign for buyers wanting a federal EV tax credit. I wonder if American consumers choose their cars solely based on tax credits. We have a higher ratio of customers buying Subarus with cash, and we also have low loan and lease rates.

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The Truth About Cars

MARCH 6, 2024

BMW is hoping to take some of the shine off of Tesla’s crown with a new incentive that gives buyers a $1,000 discount to buy one of its new EVs. While not currently eligible for federal tax credits, BMW’s EVs can be leased to receive the $7,500 discount others get.

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Blink Charging

SEPTEMBER 1, 2023

Statistics show that “Americans buy more than twice as many cars used as new,” which means that as the EV market matures, more used EVs originally bought by early adopters are making their way to a new demographic of car owners. Now can buy a used EV and get used to it without having to commit to the higher price point.

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The Truth About Cars

DECEMBER 14, 2023

While a roughly $4,000 walk from the starting cost of last year’s rig, the extra cheddar buys a far better vehicle. The delightfully angular new Lexus GX, planned for deliveries early next year, has been given a price tag by the company’s pencil-necked accountants.

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The Truth About Cars

APRIL 18, 2024

Automotive News reported that the country would not offer tax incentives or land discounts to Chinese automakers. That said, people there don’t buy that many of them, with EVs comprising just 0.5 Chinese automakers are expanding into Mexico, with companies like BYD opening dealerships across the country. It noted that the U.S.

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Blink Charging

FEBRUARY 15, 2024

A couple of federal funding programs that pertain to truck stops and roadside convenience stores are: Alternative Fuel Vehicle Refueling Property Tax Credit National Electric Vehicle Infrastructure Formula Program (NEVI). Businesses claiming the federal EV charging station tax credit should use IRS Form 8911 when filing their business taxes.

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The Truth About Cars

APRIL 24, 2024

The recently updated Model 3 lost tax credit eligibility in lower configurations, but the fresh Performance variant qualifies. The Model Y also saw a remarkable price cut to just $29,420 to start, and it qualifies for tax credits, making it a compelling buy against the exceedingly expensive competition.

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The Truth About Cars

JUNE 8, 2023

Should you buy a Camry, or should you buy a car from Elon Musk? The base Model 3 starts at $40,240, which can drop as low as $25,240 after accounting for the $7,500 federal EV tax credit and the $7,500 California tax credit. The Camry starts at more than $26,000 for comparison.

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The Truth About Cars

DECEMBER 28, 2023

EVs are entirely too expensive, and tax credit rules are confusing, making it difficult for the general car-buying public to afford an electric car and then understand how it impacts them financially going forward. Image: Iryna Imago via Shutterstock] Become a& TTAC insider.

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Blink Charging

OCTOBER 31, 2023

Federal Incentives for Purchasing an EV Among the federal government’s incentives for drivers, you can find tax breaks for both new and used EVs that are in place until the end of 2032. Beginning in 2024, the consumer clean vehicle tax credits can be available at the point of sale by transferring your credit to the dealership.

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Driivz

JULY 3, 2024

This blog explores the costs and processes involved in setting up, operating and maintaining EV charging networks, as well as the revenue models that make EV charging a viable business. Also critical is the cost per square foot or meter of useful land to buy or lease. These infrastructure investments can be considerable.

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The Truth About Cars

JULY 12, 2023

We’ve been hearing about the rise of electric vehicles for years, but while they are growing rapidly in number, there’s still a disconnect between an auto industry hell-bent on electrification and the desires of the people they rely on to buy new cars.

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The Truth About Cars

APRIL 23, 2024

At around $70,000 to start, the brand’s R1T pickup and R1S SUV are out of reach for most buyers, even after the $3,750 federal tax credits for some models. You’ll still have to plop down a $1,000 non-refundable deposit to buy one, and the discounts are applied at the point of sale on the site.

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Blink Charging

MAY 1, 2023

The White House recently implemented rules for various federal funding opportunities requiring companies to be Buy America compliant. The Buy America standards require that all steel and iron incorporated into a project must be produced in the United States. The EV charging industry is no different. For Blink, this means: U.S.

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The Truth About Cars

AUGUST 27, 2024

With modern infotainment systems proven to be more taxing to use than the interfaces found on older vehicles (using buttons, knobs, and switches), many automakers have leaned into voice controls. It’s certainly worth a read if you’re considering buying any GM product playing host to its latest UX.

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The Truth About Cars

MARCH 21, 2024

Boston Consulting Group, an American-based global management consulting firm that issued the report, said the figure accounts for customer tax credits — painting a rather bleak picture for the future of EVs. Assuming production continues and the public ends up buying them in meaningful numbers, EV profitability should improve over time.

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The Truth About Cars

SEPTEMBER 22, 2023

Hyundai is offering customers willing to buy an all-electric vehicle a Level 2 home charger for no extra cost. That makes the $33,550 (before any federal tax credits or state incentives) Kona Electric the most affordable way to take advantage of the deal. or from a free-trade agreement partner. or from a free-trade agreement partner.

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Blink Charging

JANUARY 4, 2024

I resolve to… take advantage of incentives For anyone who is considering buying an EV or a Level 2 EV charger for their home , make sure you use all the incentives that are available to you. Thinking of buying an EV? Note that new eligibility criteria restrict certain EVs from qualifying for this tax credit.

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Blink Charging

OCTOBER 11, 2023

You can find incentives such as: Tax credits – These incentives lessen the amount of taxes that must be paid to the government for specific purchases. Government agencies at all levels provide incentives for buying EVs and/or installing electric vehicle infrastructure. 40,000 for all other vehicles.

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Baua Electric

OCTOBER 23, 2024

But Tesla still has a blog post on its site announcing this vehicle’s availability. More realistically, the cheapest available Tesla has been the $38,990 Model 3 from last year , which was available with an upfront $7,500 federal tax credit. And you will be able to buy one exclusively if you want.” So it is a 25k car.

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Blink Charging

JULY 5, 2023

The cost of buying an electric vehicle is slowly coming down, making it easier for more drivers to go electric. EV drivers can enjoy tax credits and lower maintenance costs. Charging Cost Formula In a blog on this topic, Investopedia suggests using this formula: Charging Cost = (VR/RPK) x CPK. Here’s what the math says.

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The Truth About Cars

FEBRUARY 1, 2024

About half of all dealerships also said they never bothered to register with the IRS to more easily facilitate EV tax credit exchanges. & Section 30D) issued by the federal government designed to help localize electric vehicle production and ensure wealthy shoppers (who tend to buy more EVs) weren’t being overly advantaged.

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My Energi

NOVEMBER 16, 2022

You might have to compromise a little when it comes to colour, features or mileage, but the listings are packed with brilliant buys. 40 i (40 kWh) – Cheap to run, cheap to buy, the Renault Zoe is the perfect all-rounder. So, what’s the right car to buy right now? Renault ZOE Z.E.40

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Blink Charging

NOVEMBER 15, 2023

As mentioned in an International Parking and Mobility Institute (IPMI) blog , “parking revenues can return 50 to 65 percent net margins and can provide a much-needed cushion for an ailing budget.” Read our deep dive about how this EVSE tax credit works. But it’s not just about attracting new visitors to your healthcare facility.

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Get Electric Vehicle

OCTOBER 27, 2023

How to Win the EV Race –  Blog Series This is the second part of How to Win the EV Race blog series As An EV Maker, What Does It Take to Win the EV Race? 4 Incentives and Subsidies Providing incentives for consumers to buy EVs can stimulate demand. What Does It Take To Win The EV Race As A Country?

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The Truth About Cars

SEPTEMBER 21, 2023

Manufacturers aren’t producing these vehicles in sufficient quantities, the supportive infrastructure isn’t in place, and there's a significant portion of consumers that appear disinterested in buying non-traditional powertrains. You'll still be able to buy a combustion-engined vehicle until 2035,” he explained, noting that the U.K.

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Blink Charging

FEBRUARY 2, 2023

For the time being, some electric vehicles (EVs) are more expensive to buy than their internal combustion engine (ICE) counterparts. Purchase incentives Not every vehicle is one that the government will “pay” you to buy, but many EVs fall into this category. However, that higher upfront cost is mitigated in other ways.

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The Truth About Cars

JUNE 3, 2024

For example, fuel taxes (which are accounted for when you pay at the pump) are responsible for funding anywhere from a quarter to a third of all roadway maintenance — which would evaporate as more people started driving electric vehicles. But let’s not presume that the industry is exclusively the victim here.

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