The Truth About Cars

APRIL 3, 2024

As more electric vehicles hit the roads, states are grappling with the change in tax revenues they’re seeing as a result. EV buyers don’t pay gas taxes, slashing millions out of state highway budgets and making it hard to afford planned improvements.

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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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The Truth About Cars

MAY 19, 2023

Many states and municipalities are all-in on EVs, but the shift has some wondering how they’ll make up for the tax shortfall from falling gasoline sales. A popular solution that gets tossed around is to add a tax to EV registrations to help recoup the lost revenues, and Texas recently passed a new law to remedy the problem.

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Blink Charging

JANUARY 11, 2024

The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. The Clean Vehicle Tax Credit for new EVs is worth up to $7,500 and the Previously Owned Clean Vehicle Tax Credit is worth up to $4,000.

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Green Car Reports

AUGUST 3, 2022

As Congress moves to extend and expand the federal EV tax credit for passenger cars, it's also considering a bill that would add a first-ever tax credit for electric commercial vehicles.

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Teslarati

OCTOBER 7, 2021

Thanks once more for staying with us for this Live Blog. 15:14 PT – Elon proposes the carbon tax. Can there be a carbon tax, what the hell?” The post Live Blog: Tesla (TSLA) 2021 Annual Meeting of Stockholders appeared first on TESLARATI. Credit: Tesla/YouTube. 15:51 PT – And that’s a wrap! Now signing off!

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The Truth About Cars

MARCH 6, 2024

The automaker recently announced that its upcoming Prologue EV would be eligible for federal tax credits of $7,500, meaning buyers can get around 15 percent off the SUV’s purchase price at the point of sale. Tax credits bring the Prologue’s starting price down to $41,295 after a $1,395 destination charge.

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The Truth About Cars

JUNE 17, 2024

Tesla recently released the updated Model 3 sedan, but the refreshed model lost eligibility for federal tax credits in all but the top Performance trim. It’s worth noting that Tesla’s website does not reflect the change, only the Model 3 Performance available with a tax credit. second 0-60 mph time. second 0-60 mph time.

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EV Club of CT

FEBRUARY 14, 2024

Federal Tax Credit for Buying/Installing EV Chargers Before the passage of the Inflation Reduction Act, every residence was eligible for a tax credit of 30% of the cost of the purchase and installation of residential. Read more

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The Truth About Cars

DECEMBER 29, 2023

GM has paid San Francisco $108 million in taxes and $13 million in interest since 2016 and now wants it back. Rather than taxing GM and Cruise separately, as the automaker claims it should, the city lumped them together, resulting in higher tax bills.

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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. The good news is that there are now tax credits for individuals and businesses that buy or lease a new or used electric vehicle! First, the easy part: How do I claim the $7,500 EV tax credit?

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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. What is the federal US Used Clean Vehicle tax credit?

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The Truth About Cars

MARCH 7, 2024

The automaker announced that the car has regained eligibility for federal tax credits, though for only half of the maximum $7,500. It’s followed not-so-closely by the Mini Cooper SE, but regaining tax credit eligibility is a significant boost. has a free-trade agreement.

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Drive Electric

MAY 25, 2021

The UK government slashed electric company car tax, instantly making EVs much more attractive for businesses and employees. Here we take a look at what company car tax is, what’s changed, and how it compares between different types of cars. What is company car tax? How much is company car tax? Company Car Tax bands.

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The Truth About Cars

MAY 27, 2021

Changes include raising the federal EV tax rebate ceiling to $12,500 and opening the door for automakers who already exhausted their production quotas. The post Senate Finance Committee Approves $12,500 EV Tax Credit Bill appeared first on The Truth About Cars.

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Noodoe

MAY 1, 2023

Back to Articles Tax and EV Charging Last Updated: May 2nd, 2023 | EV Charging Management Platform Tax season is a busy time for everyone even when you schedule enough time to power through filing your documents. "Keeping up with changing tax laws in multiple states is taxing.

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The Truth About Cars

DECEMBER 7, 2021

Elon Musk has continued bashing the Biden administration’s tax credit legislation designed to spur electric vehicle adoption, this time suggesting that the entire bill be scrapped. The post Elon Musk Continues Insulting Biden Admin’s EV Tax Credit Scheme appeared first on The Truth About Cars. “Honestly, I […].

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Blink Charging

NOVEMBER 16, 2023

To encourage clean and energy-efficient vehicle adoption, the United States government has made significant changes to the Clean Vehicle tax credit, to take effect from January 1, 2024. These changes make it easier for drivers to access tax credits when purchasing clean vehicles. What Is the Clean Vehicle Tax Credit?

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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. Most GM models failed to make the cut, at least temporarily, and the automaker is offering $7,500 compensatory discounts to keep sales flowing.

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The Truth About Cars

DECEMBER 7, 2023

Earlier this year, the rules around EV tax credits seemed to be changing every other week. The new tax credit guidance includes stricter requirements on battery sourcing locations. The Ford Mustang Mach-E is one of them, as it may lose the partial credit it currently qualifies for.

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Blink Charging

AUGUST 11, 2023

To address this challenge, federal tax credits that offer elective pay , commonly known as direct pay, can be a valuable tool to help communities finance climate change mitigation and resilience projects that were previously too expensive. Once the project is completed and in operation, note the relevant tax year.

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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

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.

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Clean Car

SEPTEMBER 23, 2020

There have been some MAJOR changes to the company car tax treatment of battery electric vehicles (BEV) this year. Company car tax rates are designed to encourage company car drivers to choose cars with lower levels of CO2 and (from April 2018) NOx emissions. The post We need to talk about tax… appeared first on CleanCar.

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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., has a free-trade agreement, and the EV has a North American final assembly location.

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EV Club of CT

APRIL 28, 2024

All graphics from CT Department of Transportation The Next Shoe to Drop? Once upon a time, there was free public charging. Well, there wasn’t that much charging infrastructure, but there were grants available for level. Read more

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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

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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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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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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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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National Green Transportation

OCTOBER 26, 2011

On monday, Justin Horner in a post on the Natural Resources Defence Council Switchboard blog called attention to Congressional inaction on a commuter tax benefit which will expire if a bill remains stuck in committee. The employer sponsored tax.

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Baua Electric

FEBRUARY 29, 2024

Hyundai IONIQ 5 (left) and IONIQ 6 (right) at Tesla Supercharger (Source: Hyundai) Hyundai is “pulling ahead” to gain access to the $7,500 federal EV tax credit. The plant’s manager revealed a “super-large” Genesis electric SUV will be produced for the first time, according to The Korean Car Blog.

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The Truth About Cars

FEBRUARY 12, 2024

Though it’s eligible for federal tax credits, Tesla is temporarily decreasing pricing on the SUV, dropping it to $42,990 for the base model and $47,990 for the Long Range model. Tesla also lists the post-tax credit prices, which can be applied at the point of sale starting this year. Image: Tesla] Become a& TTAC& insider.

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The Truth About Cars

NOVEMBER 8, 2024

The Cybertruck has never been as cheap as Tesla originally promised, but the new lease deals at least open the door to federal tax credits. Pricing starts at $79,990 for the AWD variant and $99,990 for the Cyberbeast. Lessees get the $7,500 credit for vehicles that would otherwise not qualify for one.

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National Green Transportation

OCTOBER 26, 2011

On monday, Justin Horner in a post on the Natural Resources Defence Council Switchboard blog called attention to Congressional inaction on a commuter tax benefit which will expire if a bill remains stuck in committee. The employer sponsored tax.

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The Truth About Cars

AUGUST 26, 2024

The rules around federal EV tax credits changed at the beginning of this year, making it more difficult for vehicles to qualify. While leasing may be a popular way around tax credit restrictions, it’s also a good way to get behind the wheel of a new EV without a long-term commitment. are leased.

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