The Truth About Cars

FEBRUARY 1, 2024

According to the 2024 Dealer Outlook Survey, 83 percent of respondents said the government was pushing the transition toward EVs too quickly and mucking up the auto market. About half of all dealerships also said they never bothered to register with the IRS to more easily facilitate EV tax credit exchanges.

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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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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

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

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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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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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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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

JANUARY 4, 2024

Starting this year, the Clean Vehicle Credit for new or used EVs can now be applied at the point of sale. 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. Considering a home charger?

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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.

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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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Blink Charging

SEPTEMBER 1, 2023

Be an eligible fuel cell vehicle or plug-in EV with a battery capacity of least 7 kilowatt hours Be for use primarily in the US Be purchased from a licensed automotive dealer You can see if a vehicle is eligible for the used clean vehicle credit by visiting [link]. Learn more about the Used EV Tax Credit.

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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. For more information, please see our Comments FAQ.

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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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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.

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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.

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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? only when by car dealers, not private parties. carbon sequestration (capture and storage, i.e.).

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The Truth About Cars

MAY 14, 2024

While EVs are starting to see some pretty juicy discounts on dealer lots, they’re still saddled with above-average MSRPs. However, there’s still a good bit of infighting within the Republican party on this due to the fact that there’s a lot of industrial lobbying taking place.

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