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BMW CEO urging tax subsidies for electric vehicles in Germany to bolster sales

Green Car Congress

BMW CEO Norbert Reithofer is calling for tax subsidies in Germany to help meet the federal government’s target of having 1 million electric cars on the road in eight years. Because of the high purchase prices for electric cars, there is a need for incentives. for example, the tax law.”.In Financial Times Deutschland.

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BMW i3 REx Range-Extended Electric: No NJ Sales-Tax Exemption, Costing Owners Extra $3,000-Plus

Green Car Reports

Electric cars enjoy many incentives, from tax credits and purchase rebates through carpool-lane access, to encourage buyers to give them a try.

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T&E study finds plug-in hybrids show higher CO2 emissions than claimed

Green Car Congress

T&E said governments should therefore end the purchase subsidies and tax breaks for plug-in hybrids. T&E has commissioned Emissions Analytics to test three of the most popular PHEVs sold in 2019: a BMW X5 (longest EV range PHEV available), a Volvo XC60 and the Mitsubishi Outlander.

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Which EVs Still Qualify for Federal Tax Credits?

The Truth About Cars

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. Formerly eligible models from BMW, Audi, Volkswagen, and Volvo have been bumped off the list.

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Tips for purchasing a new EV amid a vehicle shortage

Plug in America

High demand/brand new models such as the BMW i4, Ford Mustang Mach-E, and Hyundai IONIQ 5 are in extremely high demand and short supply on dealership lots. If you are open to colors and options and want your EV sooner, a good dealership will keep your information and notify you when a unit is available for purchase. .

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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. Lease-to-own savings: $15,366.

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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. Critical minerals.