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Toyota EVs and plug-in hybrids: Full $7,500 EV tax credit will likely phase out October 1

Green Car Reports

It appears that sales of Toyota’s plug-in models in recent months were enough to trigger the automaker’s phaseout period for the federal EV tax credit this past quarter—leaving buyers less than nine months to buy a vehicle like the BZ4X electric car or RAV4 Prime plug-in hybrid and be able to claim the full $7,500 amount.

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EV tax credit leases, cold-weather charging, PHEVs not plugged in: Today’s Car News

Green Car Reports

The EV tax credit continues to take form, and it may mean cheaper leases. Washington and Oregon join California in banning EV-only cars by 2035. EV drivers are charging more in the winter, but are plug-in hybrid drivers charging often enough? And what can we see in all of our past Best Car To Buy winners?

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McLaren takes hybrid approach to super EVs

EV Central

Ferrari’s first EV has been spotted in testing, Lamborghini says it is working “full throttle” on one of its own, but at British dream-car maker McLaren, a fully electric super car has been pushed to the back of the garage, due to “lack of demand”. In markets like Thailand and Vietnam, they even have a hybrid tax benefit.

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EVs dominate list of efficient cars in ORNL 2022 Fuel Economy Guide

Green Car Congress

The site provides consumers with information to help guide buying decisions for all types of vehicles, including current EV federal tax credits, as well as operation and maintenance tips to save drivers money. Of the top 50 vehicles searched on fueleconomy.gov in fiscal year 2021, 44 were hybrids or all-electric.

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Carvana Launches Streamlined Shopping & Checkout Experience for Used EV Buyers

CleanTechnica EVs

Customers Can Now Realize Upfront Savings with Clean Vehicle Tax Credit Integration at Point of Sale Carvana (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today announced the launch of new features that make shopping for and buying a used electric vehicle (EV) or plug-in hybrid.

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Millennials Really Do Intend to Buy Cars. Thank the Pandemic.

The Truth About Cars

COVID-19 has changed that, as 31 percent of those without a car intend to buy one in the next six months, and 45 percent of them are Millennials. EY, a global leader in assurance, tax, strategy, and consulting services, and […]. The post Millennials Really Do Intend to Buy Cars. Thank the Pandemic.

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Is A Tax On Electricity (kWh) Consumed The Best Way to Supplement the Fuel Tax for Electric Vehicles?

EV Adoption

As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fuel taxes as drivers of gas-powered cars do at gas stations. Unfortunately there is currently no simple and agreed upon best replacement for the fuel tax.