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Colorado becomes the #1 state for EV sales, beating California

Teslarati

Colorado beat California in the electric vehicle (EV) race. This new data shows that demand for EVs continues to increase, especially with competitive state and federal rebates, drastically cutting the cost of an EV and saving people money, said Colorado Governor Jared Polis. of new vehicle sales in Colorado in Q3 2024.

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Colorado introduces tax credit to help slash cost of new EVs by one quarter

The Driven EV News

Colorado has introduced a new EV tax credit which combined with federal incentives will reduce the cost of a Model Y by one quarter. The post Colorado introduces tax credit to help slash cost of new EVs by one quarter appeared first on The Driven.

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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

Green Car Congress

The first evidence can be seen in consumer interest in the Ford Mustang Mach-E and the Tesla Model Y following the reclassification of both vehicles as SUVs, which made them eligible for a $7,500 federal tax credit under the Inflation Reduction Act. Likewise, the Bolt EUV has seen its total cost of ownership fall to $30,900.

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Two case studies outline how Houston and Loveland are saving money with EVs in their fleets

Green Car Congress

The Electrification Coalition released two case studies outlining how two cities— Houston, Texas and Loveland, Colorado —are saving money by using electric vehicles (EVs) in their vehicle fleets. Earlier post.). Each of these vehicles are estimated to save the city $7,000 in fuel and maintenance over a three-year period.

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Study finds solo hybrid drivers in California HOV lanes amplify congestion, create up to $4,500 per car in adverse social costs annually

Green Car Congress

Thus, carpooler congestion costs substantially outweigh the green benefits of hybrids, the researchers concluded. The economists suggested several alternatives: Instead of letting the solo-driver hybrids into rush-hour carpool lanes, the state should provide a tax credit for hybrid vehicles, much like the federal government.

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Electric Motors Corporation (EMC) Receives First Indiana Incentives to Launch Electric Automotive Technology

Green Car Congress

million in tax credits and up to $200,000 in training grants to Electric Motors Corporation (EMC), based on the company’s plans to establish an electric vehicle industrial development park the state. a Colorado holding company, which changed its named to Electric Motors Corporation. The State of Indiana is offering $4.6

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A Guide to Colorado EV Incentives for Business Owners

EV Connect

Federal tax credits for electric vehicles have been extended through 2021, and the Clean Energy for America Act would extend those credits even further. Additionally, the tax credit would only expire once 50% of new cars sold in the US are EVs. Colorado offers nice incentives for EV owners through its Income 69 program.