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81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China.

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Hertz Trims EV Fleet With Massive Sell-Off

The Truth About Cars

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. The company blamed EVs’ high repair costs and expensive collision repairs as part of its decision.

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Feature: Top 6 Reasons Why an EV Is the Right Choice

Clean Fleet Report

It has fewer parts that would need constant maintenance and replacement. Car dealerships will advise you on the frequency of maintenance needed at the time of purchase. With more users gearing towards purchasing electric vehicles, a surge in demand has drastically hit the electric automobile industry. High Resale Values.

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Blink’s 2023 Year in Review

Blink Charging

In a wave of announcements, legacy automakers including Ford, General Motors, BMW, and Nissan announced their intention to use the NACS connector in future EVs. However, these additions are only part of the picture. Like the tax credit for new EVs, the used EV tax credit included an AGI cap and must be sold by a licensed dealer.

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Best lease-to-own EV deals

Baua Electric

We found that current factory lease offers on 22 different EV models dispel that myth with terms that pass the entire commercial clean vehicle Federal tax credit to the lessee, enabling the lessee to eventually own the vehicle for thousands of dollars less than paying cash upfront or taking out a loan.

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What’s up with the BMW MINI E?

Plugs and Cars

The BMW Mini E has hit the streets. In June about 500 cars were placed in consumer and fleet hands in Los Angeles and New York and New Jersey for what BMW calls a " field trial." Like all the automakers, BMW dabbled in concept electric cars over the years. They produced a small fleet for the Munich Olympics in 1972.

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UC Davis ITS study suggests hastening consumer adoption of plug-ins will require innovation on the sales side

Green Car Congress

A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.

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