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How Do the Used and Commercial Clean Vehicle Tax Credits Work?

Blink Charging

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.

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Nikola marks 100-salesorder milestone for Nikola Tre Hydrogen FCEV Class 8 truck; bolstered by HVIP

Green Car Congress

Nikola announced that Nikola and its dealer network have received orders for 100 Class 8 Nikola Tre hydrogen fuel cell electric vehicles (FCEVs). Customers will also be eligible for a $40,000 clean commercial vehicle tax credit from the federal government due to the passage of the Inflation Reduction Act.

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The 2024 Chevy Silverado EV lease price costs more than two Rivian trucks

Baua Electric

The folks at CarsDirect report that a Chevy bulletin sent to dealers lists the Silverado EV at $1,449 for 39 months, with $5,679 due at signing. That makes the effective cost of the lease an eye-watering $1,595 per month… and that’s before taxes & fees. Yet the latter costs more to lease. That’s a bit.

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The 2024 Chevy Silverado EV lease price costs as much as two Rivian trucks [update]

Baua Electric

Chevy Silverado EV RST (Source: GM) The 2024 Chevy Silverado EV lease price is so expensive that it costs about as much as leasing two Rivian R1T Adventure trucks. That means the Silverado EV’s effective monthly cost is now $1,554 per month – $41 per month less than before. Yet the latter costs more to lease. That’s a bit.

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What EV Drivers Should Know About Leasing an EV This Year

Blink Charging

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.

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Lease Buyout Offers Loophole to EV Incentive Restrictions

EV Life

The most significant incentive, outlined in the Inflation Reduction Act of 2022 , comes in the form of a $7,500 tax credit for eligible drivers and vehicles. As with most government incentive programs, there are a lot of rules and restrictions regarding who qualifies for the credit. However, there’s a catch.

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Congressional Budget Office estimates US federal policies promoting EVs and other fuel-efficient vehicles will cost $7.5B through 2019; little or no impact on gasoline use and GHG in the short term

Green Car Congress

Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. That finding takes into account both the higher purchase price of an electric vehicle and the lower fuel costs over the vehicle’s life. Source: CBO. Click to enlarge.