Companies Purchase Tax 
Green Car Congress
OCTOBER 22, 2020
The Volvo XC40 Recharge, the company’s first fully electric vehicle, will carry an MSRP of $53,990 when it arrives in US showrooms later this year. The purchase of an XC40 Recharge may qualify for a federal tax credit of up to $7,500. The two companies have been development partners for the past several years.
Green Car Congress
APRIL 11, 2019
US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp.,
Green Car Congress
OCTOBER 9, 2020
Self Financial, a fintech company, has compared the running costs of electric and non-electric vehicles in each state. However, these annual costs don’t take into account the purchase cost of the vehicle itself and are purely the ‘running’ costs annually. per year to run—a difference of $633.94
Green Car Congress
MARCH 5, 2014
UPS plans to purchase 1,000 propane package delivery trucks and install an initial 50 fueling stations at UPS locations. States that attract this type of investment with tax incentives and grants will factor into the UPS deployment strategy. The investment in propane vehicles and infrastructure is approximately $70 million.
Green Car Congress
AUGUST 21, 2022
In the US, demand for new energy vehicles is set to increase as the newly passed “Inflation Reduction Act” extends tax breaks for new electric vehicle purchases—although eligibility for the tax break will be determined by the sourcing of critical materials, including lithium. Earlier post.). Source: Statista.
Green Car Congress
AUGUST 9, 2022
The Inflation Reduction Act , which the Senate passed last week, revamps the electric vehicle Federal tax credit of $7,500 ( earlier post ). Among the changes are an extension of the tax credit through 2032, the removal of the unit-sales cap of 200,000 per OEM, and a new mandate for qualified cars being assembled in North America.
Teslarati
AUGUST 1, 2022
Tesla China will likely see its momentum in the domestic EV market accelerate, thanks to the country’s NEV purchase tax exemption being renewed next year. The NEV purchase tax exemption, which was launched in 2014, allowed most consumers who purchase green vehicles to save about RMB 10,000 (around $1,500).
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