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.

Tax Credit 73

Tax Credit Tax Electric Cars Electric 73

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.

Tax Credit 95

Tax Credit Tax Clean Cleaning 95

The Truth About Cars

DECEMBER 7, 2023

Earlier this year, the rules around EV tax credits seemed to be changing every other week. While things have calmed down since then, we’re about to see more action on the topic, as the Treasury recently released new guidance on battery materials sourcing that will upend credits for some EVs.

Tax Credit 103

Tax Credit Tax Ford Kentucky 103

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.

Tax Credit 104

Tax Credit Tax Climate Building 104

Blink Charging

FEBRUARY 23, 2023

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. First, the easy part: How do I claim the $7,500 EV tax credit?

Tax Credit 72

Tax Credit Tax Electric Vehicles North America 72

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.

Tax Credit 117

Tax Credit Financing Tax General Motors 117

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.

Tax Credit 109

Tax Credit GM Tax Cadillac 109

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?

Tax Credit 52

Tax Credit Tax Clean Cleaning 52

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.

Tax Credit 97

Tax Credit Tax North America Chevrolet 97

Green Car Reports

JUNE 18, 2024

market, a move that could allow it to be eligible for a federal tax credit and hit a $30,000 price point, reports Korean Car Blog (via Electrek). The Kia EV3 electric SUV could be assembled in Mexico for the U.S.

Mexico 148

Mexico Kia Tax Credit Price 148

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.

Congress 180

Congress Tax Credit Tax Electrical 180

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.,

Tax Credit 52

Tax Credit Kia Tax South Korea 52

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.

Tax Credit 102

Tax Credit Tax Installation Purchase 102

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. Even so, buyers can get around the rules by leasing an EV, which opens the door to the full $7,500 credit regardless of the model. are leased.

Tax Credit 104

Tax Credit America Sale Financing 104

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.

Price 109

Price Tax Credit Tesla Tax 109

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. Local governments will get their credits as long as they meet the requirements.

Tax 52

Tax Tax Credit Green Climate Change 52

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.

Tax Credit 94

Tax Credit Tax North America Clean 94

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. customers are quality customers. We also keep our incentives at low levels.

Tax Credit 98

Tax Credit Tax Buy Toyota 98

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.

Price 104

Price Tax Credit Tesla Tax 104

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.

Fleet 92

Fleet Tax Credit Vehicles Tax 92

EV Club of CT

NOVEMBER 5, 2023

IRA Incentive Update – Transfer Provision Goes Into Effect in January A Tax Credit Becomes a Point of Sale Rebate The transfer provision of the federal IRA EV incentive is scheduled to go into effect. Read more

Tax Credit 89

Tax Credit Tax Sale Electric Vehicles 89

The Truth About Cars

SEPTEMBER 11, 2024

Jeep plans to manufacture the Wagoneer S in Mexico, opening it to federal tax credit eligibility, helping put a dent in its almost $72,000 starting price. The SUV is expected to offer a strong list of specs, including more than 300 miles of range and a 0-60 mph time in the mid-three-second range.

Jeep 104

Jeep Tax Credit Mexico United States 104

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 Model 3s are only eligible for half the credit because of battery materials sourcing rules, but the automaker’s domestic battery production efforts and large U.S.

Tax Credit 98

Tax Credit Tesla Tax Kia 98

The Truth About Cars

JANUARY 11, 2024

Sales climbed just over one percent in the last quarter of 2023, but updates to the EV tax credit rules may spur more sales going forward, as buyers can now use the tax credit as a discount at the time of the sale instead of waiting for a year-end refund.

Fleet 109

Fleet Tax Credit Tax Chevrolet 109

The Truth About Cars

SEPTEMBER 17, 2024

It will also qualify for the $7,500 federal EV tax credit and may be eligible for state-level incentives to bring the price down further. This being Dodge, there will likely be tons of added-cost upgrades, including premium paints, performance options, and more. Images: Dodge] Become a TTAC insider.

Dodge 100

Dodge Tax Credit MPH Dealers 100

The Truth About Cars

MARCH 8, 2024

4 range, it remains the only European EV that qualifies for federal tax credits in the United States. VW started building the SUV in Tennessee and sources batteries from SK On, giving the vehicle full access to the $7,500 credit. Though it’s disappointing that VW didn’t make more substantive changes to the entire ID.4

Tax Credit 104

Tax Credit Tennessee Tax Affordable 104

The Truth About Cars

MARCH 6, 2024

While not currently eligible for federal tax credits, BMW’s EVs can be leased to receive the $7,500 discount others get. Kia recently announced $5,000 off the brand-new EV9, and General Motors has discounted some of its models that lost federal tax credit eligibility.

BMW 103

BMW Tax Credit General Motors Tax 103

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.

Tax Credit 86

Tax Credit Tesla Tax General Motors 86

The Truth About Cars

AUGUST 16, 2024

Polestar joins Volvo and other automakers in localizing vehicle production to cope with tariffs and tax credit eligibility. factories to open eligibility for up to $7,500 in federal tax credits. He didn’t detail production volumes but said that the factory would reach full capacity within two months.

South Carolina 57

South Carolina Tax Credit Production Volvo 57

The Truth About Cars

AUGUST 2, 2023

federal tax credits because they’re both built in Japan, making moving EV production to a domestic location the most logical next step for both. Several other automakers are considering or are in process with similar plans to meet the tax credit requirements. Neither automaker’s current EVs are eligible for U.S.

Kentucky 98

Kentucky Toyota Building Tax Credit 98

EV Club of CT

JANUARY 30, 2024

This allows the buyer to transfer the tax credit to the seller and take the incentive as, Read more Fisker Ocean pictured above Transfer Provision Details The transfer provision is now in place for the federal incentive.

Tax Credit 84

Tax Credit Fisker Tax Electric Vehicles 84

The Truth About Cars

AUGUST 28, 2024

The automaker recently confirmed that the new SUV would be built in the United States, opening it to federal tax credit eligibility. Hyundai plans to launch the three-row Ioniq 9 EV by the end of this year.

Georgia 102

Georgia Hyundai Production Tax Credit 102

The Truth About Cars

JUNE 26, 2024

EV tax credits, but Kia has begun production of the EV9 in Georgia, and Hyundai will follow suit soon. Kia recently rolled out the three-row EV9 in the United States, and Hyundai’s high-performance Ioniq 5 N is an impressively quick vehicle that still offers a decent range and nice interior. Images: Kia] Become a TTAC insider.

Kia 104

Kia Affordable Tax Credit Georgia 104

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. These prices also do not reflect incentives, such as tax and state credits, that could significantly lower the cost of entry.

Tax Credit 104

Tax Credit Tax Price Chevrolet 104

The Truth About Cars

OCTOBER 27, 2023

billion before taxes and interest, and Ford noted a $4.5 Upcoming changes to the EV tax credit rules may help, but it will likely be years before EVs reach parity with their gas counterparts. Ford said it would delay some of the planned EV investments after seeing less demand and more price pressure than expected. It lost $1.3

Ford 104

Ford F-150 Tax Credit Tax 104

The Truth About Cars

APRIL 24, 2024

If the automaker meets other requirements for federal tax incentives, the domestic output would qualify its vehicles for up to $7,500 in credits at the time of sale. Leasing EVs can also be a loophole in the federal tax credit rules, making the VF 8 slightly more attractive for buyers.

Dealers 97

Dealers North Carolina Tax Credit Vietnam 97

The Truth About Cars

MAY 24, 2024

A zero-percent interest rate will likely improve its fortunes, though it’s not eligible for federal tax credits as of the time of this article. Those numbers made it the second best-selling SUV in its class, topped only by the Tesla Model Y.

Ford 104

Ford Tax Credit Kits SUV 104