The Truth About Cars

DECEMBER 7, 2023

Earlier this year, the rules around EV tax credits seemed to be changing every other week. While Ford is telling its dealers that this is an opportunity to move some Mach-Es before the end of the year, it’s a troubling reversal from the automaker. The new tax credit guidance includes stricter requirements on battery sourcing locations.

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Blink Charging

OCTOBER 6, 2023

As both EV adoption increases and internal combustion engine vehicles have become more fuel efficient, states are seeking to offset lost revenue from the gas tax. With states enacting new kWh taxes on EVs and EV charging, we want to make sure you have the right information. Kentucky will implement the kWh tax starting in January 2024.

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The Truth About Cars

SEPTEMBER 17, 2024

In addition to opening a new configuration tool on its website, Dodge said prospective buyers could head to DodgeGarage.com to view dealers with inventory in stock or on the way. The cars are expected to start landing on dealers’ lots in the fourth quarter of this year. Images: Dodge] Become a TTAC insider.

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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

NOVEMBER 1, 2023

Even with government tax credits and other incentives, electric models are out of reach for many buyers, and the seemingly constant pricing fluctuations aren’t helping. Frustratingly, the SUV hasn’t even hit dealers’ lots yet, and Chevy’s already cut the originally planned base trim, raising the starting price by more than 10 percent.

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The Truth About Cars

OCTOBER 10, 2024

CarsDirect found the offer, which became public in an October 8 dealer note. It’s also worth noting that these incentives would be on top of state and federal tax credits and other offers. The Blue Oval has an existing offer for Tesla drivers that provides up to $1,500 off the truck.

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The Truth About Cars

JANUARY 19, 2024

Electric vehicle demand was off the mark across the board last year, with new EVs spending way longer sitting on dealers’ lots than many expected. Even with tax credits for some models, many EVs are significantly more expensive than their gas-powered counterparts.

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The Truth About Cars

JUNE 30, 2023

Canadian dealers of Mercedes-Benz vehicles are reporting that the automaker is considering revising its strategy for North America. The dealers attended a market-wide retailers meeting in Vancouver held in May and noted that the automaker was fretting about consumer hesitancy over expensive electric vehicles.

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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. How Does Obtaining a Tax Credit for a Leased EV Work?

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The Truth About Cars

FEBRUARY 12, 2024

After taxes, that amounted to $71,208 and that’s before anyone bothered to factor in labor. From CarBuzz : Some Reddit users believe the dealer is unwilling to carry out the repair. Dealers are already fractured on whether or not to spend loads of money refurbishing their facilities to better handle EVs.

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The Truth About Cars

NOVEMBER 22, 2023

An Alabama Ford dealer has a solution , however, in the form of a base F-150 XL with a Roush supercharger and other upgrades. Town and Country Ford buyers can get into the truck for $46,998 plus taxes and other fees. The entry-level XL trim can be outfitted with cloth or vinyl seats and comes powered by a 5.0-liter liter V8.

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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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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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The Truth About Cars

OCTOBER 22, 2024

Buying a house costs more upfront and incurs property taxes. But it does offer additional data points and helps underscore some of the reasons why dealers aren’t terribly optimistic about vehicle sales moving forward. Renters never own the places they live and are subject to shifting rates.

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The Truth About Cars

NOVEMBER 21, 2023

Ford’s battery manufacturing is supposed to be done by licensing technology from China’s Contemporary Amperex Technology Co (CATL) and the issue has raised questions about national security and whether or not subsequent Ford products would be eligible for federal tax credits that are now tied to regional content requirements.

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Blink Charging

SEPTEMBER 1, 2023

Used EVs can qualify for tax incentives While new EV owners can take advantage of the New Clean Vehicle Credit that is worth up to $7,500, used EV owners can now receive the Used Clean Vehicle Credit that is worth 30% of the sales price up to a maximum of $4,000 if buying in 2023 or later. Learn more about the Used EV Tax Credit.

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Blink Charging

DECEMBER 19, 2023

There were also two new EV tax credits that began in 2023 : the Used Clean Vehicle Credit, worth 30% of the purchase price up to $4,000, and the Commercial Clean Vehicle Credit, which is worth 30% of the total cost of the vehicle, up to $7,500 for light-duty vehicles under 14,000 pounds and $40,000 for all other EVs.

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Blink Charging

JANUARY 4, 2024

These tax credits, worth up to $7,500 and up to $4,000, respectively, can be used as a down payment on a vehicle, helping to lower your monthly payments if you get financing. And, if you use them, they don’t cancel out any other dealer or manufacturer incentives that may apply to the vehicle. Considering a home charger?

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The Truth About Cars

SEPTEMBER 25, 2023

Nobody likes bureaucratic red tape or waiting on payment and this seems to have become a sticking point for retailers nervously waiting to see how the United States’ updated EV tax credit scheme plays out. Treasury Department said participating dealers will be able to register via an online IRS portal in the next few months.

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The Truth About Cars

AUGUST 7, 2024

Based on leaked screenshots of dealer allocation forms shared by Butter da Insider , and subsequent reporting from Mopar Insiders , the resulting vehicle could cost upwards of $10,000 more than what you would have paid for an equivalent V8-powered Charger last year. The manufacturer claimed that it would run 0-60 mph in 3.3

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The Truth About Cars

SEPTEMBER 29, 2023

But it should be good enough to warrant government incentives under the EV tax credit scheme. However, dealers are going to price them based on demand and we’ve seen some EVs being discounted. If it’s a flop, then dealers are going to be discounting them heavily to get them off the lot. Images: Honda] Become a TTAC insider.

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Drive Electric

JANUARY 6, 2021

Financial incentives for battery electric vehicles will remain, including a rate of just 1% Benefit in Kind (BIK) company car tax from April 2021 for a period of 12 months.

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Tony Karrer Delicious EVdriven

APRIL 16, 2009

February 17, 2009 9:43 am Link No matter how you slice it we need a carbon TAX to accelerate all these important projects. The only question is a carbon TAX the kind of change Obama believes in. dealer network. I liken electric grid and renewable to the economic and political and military fiasco of the Iraq war.

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My Energi

NOVEMBER 10, 2023

According to the results of a new YouGov survey commissioned by the National Franchised Dealers Association (NFDA), consumer acceptance of electric vehicles (EVs) continues to grow. To date this year, more than 260,000 BEVs alone have driven off dealer forecourts, with the Tesla Model Y now the fifth most popular new car in the UK.

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Tony Karrer Delicious EVdriven

APRIL 21, 2009

The high cost of manufacturing the Volt is exactly why the tax credits of $2500 for a vehicle with 4 kWh of battery capacity and $417 for every kWh over 4 (so that there is a $7500 credit for the Volt) were legislated. April 17, 2009 8:00 pm Link I also think that the task force is being short-sighted in their comments on the Volt.

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My Energi

NOVEMBER 16, 2022

There is such an expansive selection of listings, from both approved dealers and private sellers, that it’s difficult to know what the best buy for the average UK motorist is, what you get for your money and what sort of real-world range you should expect.

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My Energi

JULY 18, 2024

According to the results of a YouGov survey commissioned by the National Financed Dealers Association (NFDA), for example, 62% of survey respondents still considered EVs far too expensive, while 54% had concerns over their battery life and 57% faced reservations over insufficient charging infrastructure. 5] Is the additional £3.71

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EV Adoption

MARCH 9, 2021

According to a price survey conducted by BloombergNEF , automakers soon will be producing models that are “as affordable—and as profitable—as comparable combustion engine models, and without the help of tax subsidies.” Source: EVAdoption/Loren McDonald.

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Current EV

SEPTEMBER 7, 2020

With a federal tax deduction of $7,500 and a California State Rebate of $1,000, the base SE can be had for under $30K. Demand for the RAV4 Prime is already so intense that dealers in certain states have tried slapping $10,000 markups on it, shenanigans you’d more expect to find surrounding high-hype cars like the new Supra.

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Plug In India

FEBRUARY 18, 2022

Atul Gopal I went on a cycling trip from Agra in UP to Bikaner in RJ this winter and here is my blog on it. Here is the blog - [link]. Plan B was to have a buyback deal from a local Agra cycle dealer.) 75 + taxes. Then there was the Finance Minister, Toda mal, the brains behind the Jaziya tax.

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The Truth About Cars

AUGUST 10, 2023

Those who follow the automotive industry will have undoubtedly noticed that dealer inventories are slowly approaching levels that would have been considered normal before the pandemic. However, government incentives (EV tax credits) have made them more attractive in the general sense.

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Tony Karrer Delicious EVdriven

APRIL 21, 2009

Drivers of converted cars have received high levels of cooperation from dealer service departments so far. PITCH: If you support our goals, you could support CalCars with a tax-deductible donation in any amount by credit card, check, PayPal or Google Checkout. $25 See also Hymotions comments on the subject.

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Tony Karrer Delicious EVdriven

APRIL 21, 2009

Until then, we also recommend you look at the FAQ at the Climate Progress Blog and the FAQ by Hybrids-Plus , an after-market converter of hybrid cars, for answers to many questions! We wont know how dealers will respond to service requests until we start driving converted cars. Better yet, make a tax-deductible contribution.

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Tony Karrer Delicious EVdriven

APRIL 21, 2009

Establishing dealer network. People will likely not buy plug-ins without big federal tax breaks." ( Reuters ) 11/29/06 [In response to GMs announcement at the LA Auto Show], Ford Group marketing manager Cisco Codina said the answer for now is full hybrids, like the latest version of its Ford Escape hybrid SUV unveiled at the show. (

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Cars That Think

OCTOBER 26, 2021

There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment. It doesn't cover the whole thing, but you do get a chunk of it back as a tax credit. Learn more about simulation apps and find this and other case studies at comsol.com/blog/apps. So that's what it takes.

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Cars That Think

OCTOBER 26, 2021

There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment. It doesn't cover the whole thing, but you do get a chunk of it back as a tax credit. Learn more about simulation apps and find this and other case studies at comsol.com/blog/apps. So that's what it takes.

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EV Match

AUGUST 29, 2022

In our latest blog post, EVmatch advisor Jeff Pickett takes a deep dive into the landmark bill, looking at what the IRA means for climate change mitigation and the EV industry. And what about changes to the EV tax credit? Taking an even more granular view, changes to the longtime $7,500 EV tax credit are welcome, but quite complex.

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