Teslarati

JANUARY 3, 2024

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. The Lyriq and Blazer EV will likely regain eligibility sometime early this year as GM plans to switch up sourcing so customers can take advantage of the tax credit.

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Tax Credit General Motors Tax Motor 97

Electrek

OCTOBER 6, 2023

The IRS has just released new guidelines to enable dealers to take the $7,500 electric vehicle tax credit from the buyers and apply it directly to the purchase of new and used electric vehicles. more… The post You will soon get up to $7,500 EV tax credit at purchase rather than a return appeared first on Electrek.

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Tax Credit Purchase Tax Dealers 129

Teslarati

JUNE 7, 2023

Volkswagen of America CEO Pablo Di Si warned dealers ID. The VW of America CEO revealed discussions with dealers about the ID. “We need to find a fair way … for the consumer and the dealer — there’s no overpricing, that the system doesn’t crash. Di Si said he wants dealers to make money on the VW ID.

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Dealers America North America Price 98

The Truth About Cars

JANUARY 4, 2024

The EV tax credit rules changed again at the beginning of 2024, and stricter requirements on battery materials sourcing cut several previously qualified models from the list. Currently, GM’s only qualifying models are the Chevrolet Bolt EV and Bolt EUV, which have been discontinued and are selling through the last of their dealer inventories.

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Tax Credit GM Tax Cadillac 107

Teslarati

NOVEMBER 29, 2023

The reprieve would concern the eligibility of electric vehicles for the IRA’s tax incentives. One of the biggest concerns about the IRA’s requirements for EV tax credit eligibly regards battery packs, cells, and the materials used to manufacture them. The Teslarati team would appreciate hearing from you.

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Tax Credit Tax United States North America 89

The Truth About Cars

FEBRUARY 1, 2024

A recent survey, conducted by Automotive News , has indicated that automotive dealerships are still broadly dissatisfied with the Biden administration’s strategy to force the United States to pivot toward all-electric vehicles. As for dealers, there’s some amount of disagreement as to what’s holding EVs back.

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Dealers Auto Durango Tax Credit 105

Teslarati

JANUARY 25, 2024

4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal tax credit for electric vehicles. 4 units with batteries from SK On qualify for federal tax credits. 4 EV may choose to apply the tax credit as a down payment for the vehicle. This is great news for consumers in the U.S.

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Tax Credit Tax Batteries Battery 98

The Truth About Cars

DECEMBER 7, 2023

Earlier this year, the rules around EV tax credits seemed to be changing every other week. While things have calmed down since then, we’re about to see more action on the topic, as the Treasury recently released new guidance on battery materials sourcing that will upend credits for some EVs. Image: Ford] Become a& TTAC insider.

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Tax Credit Tax Ford Kentucky 94

The Truth About Cars

JULY 12, 2023

Axios recently highlighted the issue and found that dealers have EV inventory sitting on their lots for extended periods, suggesting that supply is significantly outpacing demand. Part of the issue with some EV models is their sky-high price tags, and the most expensive models aren’t eligible for government tax credits.

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Dealers Tax Credit Gas-Electric Supplies 98

Electric Vehicles India

MAY 31, 2021

Nepal new budget: removes tax hikes on EVs, waives renewal & road tax for 5 years. Exemption of renewal and road taxes for five years if an existing petroleum vehicle switches to battery power. There will be exemption of renewal and road taxes for five years if an existing petroleum vehicle switches to battery power.

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Nepal Tax Renewable Financing 103

Baua Electric

FEBRUARY 1, 2024

Ford F-150 Lightning (Source: Ford) A strong majority of car dealers complain the US government’s strategy is bringing them too fast into the electric vehicle future. The concerns about dealers have proved warranted. 83 percent of the dealers surveyed said that they believe the federal government is pushing them into EVs too fast.

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Dealers Future F-150 Tax Credit 52

Baua Electric

JANUARY 3, 2024

GM is offering a $7,500 incentive for EVs that lost eligibility for the EV tax credit. GM to give $7,500 incentive for non-qualifying EVs Two weeks ago, GM said the new Chevy Blazer EV and Cadillac Lyriq would lose eligibility for the US EV tax credit at the beginning of 2024. Until then, GM will fill in the gap for buyers.

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Tax Credit Tax GM Cadillac 52

Teslarati

FEBRUARY 27, 2024

4 82 kWh model qualifies for the Inflation Reduction Act’s (IRA) full federal tax credit. 4 models with SK On components are eligible for the full $7,500 federal tax credit because the updated VW ID.4’s Customers can apply the tax credits as a down payment for the VW ID.4 The 2024 Volkswagen ID.4 Volkswagen ID.4

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Tax Credit Tax Tennessee Georgia 58

Electrek

FEBRUARY 21, 2023

In this case, Tesla’s steep price cuts combined with gaining access to federal tax credits have sent shockwaves through the industry. Let’s take a look at the first price drops from legacy automakers… more… The post Tesla price cuts spur dealer discounts and manufacturer incentives on other EVs appeared first on Electrek.

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Dealers Manufacturer Tax Credit Price 76

Green Car Congress

MAY 3, 2023

MSRP excludes destination/delivery fee, optional equipment plus government fees and taxes, any finance charges, any dealer processing charge, any electronic filing charge, and any emission testing charge. The Mustang Mach-E qualifies for potential Inflation Reduction Act federal tax credits in 2023 of $3,750.

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Standards Range Ford Price 417

Clean Fleet Report

JULY 14, 2024

Automotive News , the trade publication that is the Bible of the auto industry, took this issue head on, working with data gathered by J.D.Power , another well-known player in the industry. In two states Automotive News/J.D.Power found EVs were more expensive to own than gas cars, but in the other 48 EVs were more economical.

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West Virginia Virginia Gas-Electric Vermont 60

Electric Vehicles India

MARCH 6, 2023

Earlier this week, the Uttar Pradesh government issued a long-awaited Government Order (GO) paving the way for the purchase of electric vehicles in the state to be exempted from road tax and registration fees. From 14 October 2022 to date, 3,997 electric vehicle owners in Agra have been charged taxes and registration fees.

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Tax Purchase Electric Vehicles India 95

Electrek

APRIL 4, 2023

Before it reaches dealers, I got the chance to travel to Portugal and experience several variations of this model for myself, below are my first impressions. more… The post Mercedes EQE SUV first drive: Luxury, performance, and potential tax credits could make for a hit in the US appeared first on Electrek.

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Tax Credit Mercedes Tax SUV 109

Baua Electric

FEBRUARY 9, 2024

According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. With a $7,500 tax credit on the line, Hyundai has pulled the timeline forward as quickly as possible. Munoz said EVs produced at the new plant will qualify for the tax credit.

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Tax Credit Hyundai Tax Kia 52

Teslarati

JANUARY 3, 2023

A new tool released by Recurrent Auto shows car buyers which used EVs qualify for federal tax incentives based on a simple VIN search. And to help those who want to purchase a used EV, the Federal government has introduced a tax incentive of $4,000. If you have news tips, email us at tips@teslarati.com !

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Tax Tax Credit Purchase Auto 78

Electric Vehicles India

OCTOBER 21, 2021

Tesla requests PM Modi to cut import taxes on electric vehicles . Tesla Inc urged the Prime Minister’s Office to cut down the import taxes on electric vehicles before it enters the market. Tesla wants to start selling imported cars in India this year but it says taxes in India is very high among the highest in the world.

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Tax Electric Vehicles India Tesla 82

Baua Electric

JANUARY 24, 2024

4s will qualify for the full US EV tax credit in 2024 – here’s the lowdown on eligibility. 4s with US-manufactured SK On battery components placed in service in 2024 will be eligible for the full $7,500 federal tax credit. Click here to find a local dealer that may have the Volkswagen ID.4 VW 2023 and 2024 ID.4s

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Tax Credit Tax Solar Georgia 52

Green Car Reports

JANUARY 24, 2014

Today on Green Car Reports: CEO Elon Musk says China may become Tesla Motors'' biggest market, Virginia scraps its hybrid-vehicle tax, and a New Jersey Honda dealer achieves electric-grid neutrality. All this and more on Green Car Reports.

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Virginia Dealers Tax Honda 80

Baua Electric

JANUARY 3, 2024

You can score a 2023 Chevy Bolt EV for under $20,000 with new IRS rules allowing you to use the tax credit as a down payment. You can buy a Chevy Bolt EV for under $20,000 Rather than waiting until next year’s tax return, you can now use the EV tax credit at the point of sale. But you may want to act fast.

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Tax Credit Tax GM Buy 52

EV Life

JUNE 29, 2023

Great news for drivers looking to purchase an electric vehicle in Colorado! But the most exciting part of the new bill for many Colorado residents is the expansion of an additional Colorado Electric Vehicle Tax Credit for qualified drivers looking to purchase electric vehicles. What Are Electric Vehicle Incentives? 4 , and more.

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Tax Credit Colorado Tax Electric Vehicles 52

Baua Electric

MARCH 28, 2024

Kia expects the EV9 will qualify for the full $7,500 EV tax credit by early next year. Kia America’s head of corporate communications, James Bell, told Nikkei that moving EV9 production to its West Point, GA plant will enable it to qualify for a part of the EV tax credit. Kia’s first three-row electric SUV is off to a good start.

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Tax Credit Kia Tax Production 52

EV Life

OCTOBER 7, 2023

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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Tax Credit Tax Buy Purchase 52

Electric Vehicles India

NOVEMBER 1, 2021

Odisha govt announces 100% tax exemption, registration fee waiver for EV. The Odisha government has announced a 100% exemption of motor vehicle tax and registration fees for electric vehicles in the state to encourage the growth and faster adoption of electric vehicles.

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Tax Purchase Electric Vehicles Cleaner 59

Electric Vehicles India

NOVEMBER 1, 2021

Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles . A proposed US tax credit for new electric bicycle purchases bumped backed up to a full 30%. The post Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles appeared first on Promoting Eco Friendly Travel.

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Tax Credit Tax Electric Electrical 79

Electric Vehicles India

MAY 23, 2021

Electric vehicle news 23 May. In the Electric vehicle news 23 May, the highlights are Cargo bicycle from nexzu mobility , The first all-electric popemobile from Fisker Inc., lakh INR approx) depending upon the options (excluding tax incentives). Cargo bicycle from Nexzu mobility.

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Electric Vehicles Minivan Fisker Vehicles 93

Teslarati

JULY 9, 2024

Michigan has cut Ford’s tax incentives to $409.1 MEDC) on Tuesday (via Automotive News ). million for a 15-year Renaissance Zone tax break, along with another $100.8 million, down from the previous agreement of $1.03 billion, according to an updated incentives package detailed by the Michigan Economic Development Corp.

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Ford F-150 Michigan Downsizing 126

Baua Electric

AUGUST 27, 2024

EVs built overseas, such as the Taycan , don’t qualify for the Inflation Reduction Act’s $7,500 tax credit when they’re purchased, but they do qualify for it if they’re leased. Porsche also says that the $15,000 credit “also requires additional dealer contribution, which could affect price.” What’s that mean?

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Porsche Dealers Tax Credit Solar 52

Baua Electric

AUGUST 28, 2024

According to Cox Automotive , the new-vehicle ATP was $48,644 in June. According to online car research firm CarsDirect , Honda introduced a new Labor Day Dealer Cash on August 28, 2024, on all Prologue leases. Ahead of Labor Day, Honda just made the Prologue even cheaper. FTC: We use income earning auto affiliate links.

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Honda SUV Tax Credit Acura 52

Clean Fleet Report

JUNE 4, 2022

These big price reductions, $5,900 for the Bolt EV and $6,300 for Bolt EUV, makes them more competitive as Chevrolet no longer qualifies for the federal $7,500 tax credit. In 2023 Chevrolet is launching the all-new, all-electric Equinox and Blazer models, which need to have a price differential from the Bolt models. More EVs Coming.

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Chevrolet Price Tax Credit 2020 92

The Truth About Cars

FEBRUARY 9, 2024

but it’s clear we should all be thankful that we’re not facing steep taxes and penalties for continuing to buy gas vehicles. Get the latest news, features,& TTAC& takes, and everything else that gets to the truth about cars first by & subscribing to our& newsletter. Image: Toyota] Become a& TTAC& insider.

Toyota 103

Toyota Emissions Price Tax 103

Baua Electric

FEBRUARY 28, 2024

REE has initiated customer deliveries of the first batch of P7-C demonstration trucks for multiple fleet evaluations in North America via its dealer network. US dealer Pritchard EV is the first to receive the P7-C demonstration truck for a road show with its large fleet customers.

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Tax Credit Charging North America Dealers 52

Clean Fleet Report

MARCH 2, 2023

News: 2023 Genesis Electrified GV70 AWD First Genesis Built in the U.S. The 3,800 team members, as Hyundai calls them, are building the all-new 2023 Genesis Electrified GV70 that joins electric models of the GV60 EV and the Electrified G80 , both of which are assembled in South Korea. The Electrified GV70 comes in two trim levels.

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Alabama Hyundai South Korea All-Electric 89