The Truth About Cars

JANUARY 4, 2024

The EV tax credit rules changed again at the beginning of 2024, and stricter requirements on battery materials sourcing cut several previously qualified models from the list. A spokesperson told the publication, "The Cadillac Lyriq and Chevrolet Blazer EV will temporarily lose eligibility for the clean vehicle credit on Jan.

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The Truth About Cars

APRIL 17, 2023

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. But there are a few more hoops to jump through if you want the government to offer some cash back on your EV purchase.

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The Truth About Cars

MAY 4, 2023

Though their electric vehicle lines are among the most compelling new zero-emissions models, Kia and Hyundai’s EVs don’t currently qualify for federal tax credits because of where they’re built. Both are working toward bringing EV production to the U.S., Both are working toward bringing EV production to the U.S.,

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EV Club of CT

AUGUST 19, 2022

Post by Barry Kresch Tax Credit for Purchase and Installation of an EV Charger The recently passed Inflation Reduction Act has amended US Code 26, Section 30C to reinstate a tax credit for the purchase. Read more.

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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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Blink Charging

APRIL 4, 2023

Thanks to new tax credits for EVs and EV charging stations as well as lower fuel and maintenance costs for EVs, fleet managers can now save money while setting an example for other organizations. Limited time to claim tax credits for EV fleets There are currently numerous incentives to purchase EVs and EV charging equipment.

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Blink Charging

OCTOBER 31, 2023

Whether you are looking to purchase your first electric vehicle (EV), your next EV, or electric vehicle supply equipment (EVSE) for your home, the United States has incentives, rebates, grants, and programs to help. Must not be claimed as a dependent on another person’s tax return.

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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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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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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. Rebates – Incentives that return cash to you if you purchase a specified item. The Internal Revenue Service administers this commercial EV tax credit.

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Blink Charging

NOVEMBER 9, 2023

The decision to purchase or lease electric vehicles (EVs) for your commercial fleet depends on several factors, such as whether you want to own your capital assets versus maintaining a more flexible cash flow. In this blog, we will explore the advantages of both owning and leasing a commercial electric fleet.

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The Truth About Cars

MAY 31, 2024

Jeep will launch the Wagoneer S at its EV-certified dealerships later this year, with a starting price of $71,995, and it said that the SUV would qualify for federal tax credits. Jeep will also include public charging credits or a 48-amp Level 2 home charger with every purchase. second 0-60 mph time.

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EV Connect

SEPTEMBER 11, 2023

In this blog post, we will provide an overview of these incentives, including eligibility requirements and application procedures. However, the upfront costs associated with purchasing an EV and installing charging infrastructure can be a barrier for many individuals and businesses.

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The Truth About Cars

AUGUST 23, 2023

Kia currently builds the EV6 in South Korea and needs a North American manufacturing location for its vehicles to qualify for federal tax credits. Average vehicle purchase prices in the U.S. have ballooned, reaching nearly $50,000, out of reach for a significant chunk of the country.

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Blink Charging

MARCH 31, 2022

Credits and rebates are likely to cover any difference in the initial price. Tax credits and rebates are usually available on the purchase of an EV. Those credits often go as high as $7,500. Is purchasing an EV a good way to handle soaring gas prices? Purchasing an EV enables drivers to take back control.

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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

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.” This credit extends until the end of 2032. Read our deep dive about how this EVSE tax credit works.

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Driivz

FEBRUARY 26, 2023

In this blog, we’ll look at five things you can do decrease EV Charging station costs and cut OPEX and CAPEX so you can offer affordable pricing to customers, attract more drivers to your network, and minimize upfront costs. In the U.S.,

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Blink Charging

OCTOBER 27, 2023

We’ve discussed on this blog the numerous advantages of installing EV chargers at your commercial property. The United States is on its way to becoming an electric vehicle-first (EV) country, meaning you will start to mostly see EVs on the road within this decade.

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Blink Charging

FEBRUARY 2, 2023

Purchase incentives Not every vehicle is one that the government will “pay” you to buy, but many EVs fall into this category. Of course, you still have to purchase the vehicle, but the federal government will give you a tax credit of up to $7,500 if you and the vehicle both qualify for it.

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Blink Charging

SEPTEMBER 1, 2023

And while used EV owners can benefit from the lower fuel and maintenance costs , the federal government is making used EV purchases even more affordable. Learn more about the Used EV Tax Credit. How do you claim the Used Clean Vehicle Credit?

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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. consumers surveyed by Boston Consulting Group in January said they intend to purchase an EV as their next vehicle.

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The Truth About Cars

JUNE 12, 2024

Regardless of how you feel about EVs and the tax credits offered by the federal government, the truth is that people are using the incentives. Since January 1, EV buyers have seen more than $1 billion in savings on their purchases, with around 150,000 new and used vehicle sales so far this year.

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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? This may include tax credits, rebates, or reduced registration fees for EV owners. This reduces the cost of purchasing and maintaining an EV significantly.

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The Truth About Cars

SEPTEMBER 22, 2023

While the ChargePoint device is framed as being free, it does require the purchase of a new automobile through the automaker’s captive finance arm Hyundai Capital America. 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.

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The Truth About Cars

SEPTEMBER 5, 2023

Power looked into the latter issue, hoping to identify purchasing trends around the United States. Power expects this to even out in the coming years, it’s still supposed to require increased infrastructure spending and government purchasing incentives. There’s plenty of overlap between the two groups.

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Driivz

JULY 2, 2023

This is particularly true for cargo vans and similar medium-duty vehicles, driven by purchase commitments from large fleet operators, with heavy-duty fleet operators committing as well. Timelines for electrification of heavy duty vehicles tend to range from 2030 outwards and cover only percentages of new trucks purchased. and Europe.

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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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Blink Charging

MARCH 8, 2023

We haven’t even touched on how an electric vehicle saves you money in fuel costs , the long-term savings for vehicle ownership, the numerous purchase incentives and EV tax credits, or environmental sustainability. Of course, cheaper maintenance, better performance, and quieter ride aren’t the only benefits.

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Plug In Partners

MARCH 1, 2006

The Grist Magazine blog has posted the complete speech here. Second, Washington should lead the way on energy independency by making sure that every single automobile the government purchases is a flexible-fuel vehicle - starting today. Barack Obama (D-Ill.) delivered a major speech on energy independence yesterday.

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Plug In Partners

AUGUST 4, 2006

T his story comes from the Energy Blog. Tax credits to cover up to 50 percent of the cost of purchasing alternative fuel vehicle refueling equipment that would be used by facilities selling E85, biodiesel, CNG, hydrogen, natural gas, liquefied or petroleum gas. * Pataki and Senate Majority Leader Joseph L.

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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

DECEMBER 18, 2023

On Monday, Japan's Nippon Steel expressed its intention to purchase the United States Steel Corporation. Japan’s Nikkei reported that this would represent the largest ever purchase made by the Nippon Steel Corporation (NSC). The iconic American business supplies numerous industries, with the automotive sector being one of the largest.

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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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Tony Karrer Delicious EVdriven

APRIL 28, 2009

Tax credit incentives are also available to consumers in the U.S. market for sustainable “green” energy purchases. What are the chances that a $40K Chevy Volt would ever be purchased much less make $$. Feature your company/blog/book Interview a contributor Whats New? Whats new at Seeking Alpha?

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Tony Karrer Delicious EVdriven

APRIL 16, 2009

Governor Kulongoski is currently pushing a plan before the state legislature to cut some hefty tax breaks for electric vehicle manufacturers who choose to come to Oregon, as well as provide huge tax credits to purchasers of electric cars. “My Read more in this blog post: [link] — Gregory Hancock 5.

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