article thumbnail

Study finds EV buyers want rebates, not tax credits; government could have saved $2B

Green Car Congress

A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. The current federal electric vehicle tax scheme is a pain.

article thumbnail

Elon Musk May Need to Recalculate His Opinion on EV Tax Credit Repeal

CleanTechnica EVs

continued] The post Elon Musk May Need to Recalculate His Opinion on EV Tax Credit Repeal appeared first on CleanTechnica. On the campaign trail last year, asked about US EV subsidies, Elon Musk said that he was opposed to all subsidies and would be happy with both EV and fossil fuel subsidies being removed.

article thumbnail

How To Get The Federal Tax Credit For Electric Vehicles

Green Energy Consumers

Back in November 2024, we wrote about the incoming federal administrations intention to do away with the federal tax credit for electric vehicles (EVs). Were now well into tax season in 2025, and the federal tax credit is still in existence for now.

article thumbnail

This Is The Time To Buy An EV — Tax Credits Will Expire Soon And Musk Doesn’t Care

CleanTechnica EVs

continued] The post This Is The Time To Buy An EV Tax Credits Will Expire Soon And Musk Doesn’t Care appeared first on CleanTechnica. There’s a great FLO charger in White River Junction at Hampton Inn, halfway between his two homes, which offers a nice boost.

article thumbnail

New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

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.,

article thumbnail

Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

Green Car Congress

The US Senate has passed the Inflation Reduction Act, with nearly $400 billion in funding over 10 years for climate- and energy-related programs; among the myriad provisions in the 755-page bill are changes to the electric vehicle Federal tax credit of $7,500.

article thumbnail

Concerned About US EV Tax Credit Going Away? Lease Any EV Today! Or Buy One Of These 15.

CleanTechnica EVs

At the moment, the US Department of Energy (DOE) and Environmental Protection Agency (EPA) indicate that the following fully electric vehicles are eligible for the $7,500 US ZEV tax credit: Acura ZDX Cadillac LYRIQ Cadillac OPTIQ Chevrolet Blazer EV Chevrolet Equinox EV Chevrolet Silverado EV Ford F-150 Lightning Honda Prologue.