Remove Cost Of Remove Sale Remove Tax Credit
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EIA: California home to almost half of US plug-in electric vehicles

Green Car Congress

Total US sales of plug-in electric vehicles (PEVs)—battery electric and plug-in hybrid electric—have increased in recent years, but still represent only about 0.7% of new vehicle sales in 2014 so far, up from 0.6% Several states offer tax incentives to reduce the upfront cost of PEVs to consumers.

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Tesla Model 3 LR AWD now qualifies for Point of Sale $7,500 EV tax credit

Teslarati

Tesla’s Model 3 Long Range All-Wheel-Drive configuration has appeared on the list of vehicles qualifying for the IRS’s $7,500 electric vehicle tax credit, enabling carbuyers to get their rebate in a new Point of Sale method that the agency announced late last year. I’d love to hear from you!

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ICCT study finds state EV incentives playing a significant role in driving sales

Green Car Congress

A study by a team from the International Council on Clean Transportation (ICCT) shows that state electric vehicle incentives are playing a significant early role in reducing the effective cost of ownership and driving electric vehicle sales. Source: ICCT. Click to enlarge. —Jin et al. Earlier post.).

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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.

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Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.

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UC Davis ITS study suggests hastening consumer adoption of plug-ins will require innovation on the sales side

Green Car Congress

Limited engagement by dealers, poor purchase experience, or efforts to block innovations in the automotive retail sector could adversely impact sales and slow the growth of the nascent PEV market. Power 2013 Sales Satisfaction Index (SSI) study data on customer satisfaction with new car dealerships and Tesla stores.

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General Motors sidesteps loss of EV tax credit to offer big discounts for customers

Teslarati

General Motors is sidestepping the loss of the electric vehicle tax credit on its vehicles and will still offer a big $7,500 discount on cars for customers. In December, GM said it would temporarily lose eligibility for the credit on some of its cars. can qualify for EV tax credits. Now, just 19 EVs in the U.S.