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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.,

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AMP electric SUVs qualify for $7,500 federal tax credit

Green Car Congress

AMP Electric Vehicles has been qualified by the IRS for the Federal Plug-in Electric Drive Motor Vehicle Credit of $7,500, which applies to retail and fleet buyers. Some states offer additional sales tax exemptions and zero emission tax credits of up to $5,000 that can also be applied to the purchase.

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Ford Focus Electric in California qualifies for $10K in tax credits, HOV access

Green Car Congress

California buyers of the Ford Focus Electric will be able to receive up to $10,000 in tax credits ($2,500 state, $7,500 federal) and enjoy high-occupancy vehicle lane (HOV) access after the car was just approved for California’s Clean Vehicle Rebate Program ( CVRP ). 3 and 7, respectively, for the worst congestion in the US.

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Chevy Bolt EV discount, Toyota tax-credit phaseout, EV market collapse: Today’s Car News

Green Car Reports

Toyota likely hit the ceiling for the EV tax credit. Electric trucks could pull off the majority of fleet uses today at a cost advantage. Retroactive discounts apply to the Chevrolet Bolt EV and EUV. Is the EV market on the verge of collapse over price pressures? This and more, here at Green Car Reports.

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Volvo XC40 Recharge EV to start at $53,990 in US before qualifying tax incentives

Green Car Congress

The purchase of an XC40 Recharge may qualify for a federal tax credit of up to $7,500. ChargePoint is a leader in EV charging, operating in 18 countries and offering a comprehensive software and hardware portfolio of solutions for commercial, fleet, and residential use cases.

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Two case studies outline how Houston and Loveland are saving money with EVs in their fleets

Green Car Congress

The Electrification Coalition released two case studies outlining how two cities— Houston, Texas and Loveland, Colorado —are saving money by using electric vehicles (EVs) in their vehicle fleets. Loveland is now aiming to convert all of its light-duty fleet vehicles that work within a close distance of the city to EVs.

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AJR Trucking orders 50 Nikola Tre FCEVs; incentives bring rough cost parity with existing fleet

Green Car Congress

An additional $40,000 in federal tax credits is expected from the Inflation Reduction Act. Net of the various incentives, AJR Trucking anticipates rough cost parity with its existing fleet of trucks in its postal service and drayage operations. AJR Trucking, headquartered in Compton, has more than 500 trucks in its fleet.

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