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How Do the Electric Vehicle Tax Credits Work?

Blink Charging

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet.

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Jeep plug-in pickup, Acura ZDX, Cadillac’s EV shift, tax credit rules: Today’s Car News

Baua Electric

Cadillac gets cold feet about its 2030 end date for gasoline. And Biden agencies ease one area of the EV tax credit that could mean more qualifying EVs. Yesterday in a review of the Acura ZDX Green Car Reports looked at whether the first fully electric vehicle from this Honda luxury brand keeps it on-brand—even with GM bones.

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Final EV Tax Credit Details and More EV News

Electric Auto Association

Many Americans want to know if their next EV purchase qualifies for a full, half, or any tax credit. Tesla has offered third-row vehicles, but the eye-catching 2024 EV9 provides a more traditional SUV third-row (image above). EV tax credit. A three-seater Kia EV9 SUV will be sold in the 2024 model year.

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Ansys releases pre-lockdown global survey on vehicle electrification

Green Car Congress

Before the COVID-19 pandemic lockdowns, engineering simulation software company Ansys commissioned a global survey of 16,037 adults resulting in some insights about consumer attitudes toward vehicle electrification. Conversely, 39% of respondents would only buy an EV if gasoline-powered vehicles were no longer available.

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US President Biden’s union-friendly $4,500 EV tax credit buff is facing a big challenge

Teslarati

The Biden administration’s proposed $4,500 EV tax credit buff for electric and electrified vehicles made in a union plant in the United States is meeting a big challenge. The Biden administration’s proposal would result in the current $7,500 EV tax credit being extended. “This is wrong.

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VW ID.4 EV tax credit; Subaru Solterra update; Macan, Prologue, and ZDX pricing: The Week in Reverse

Baua Electric

Which CEO of a global automaker suggested that EVs may never top 30% of the global vehicle market? automaker became the top-selling vehicle on the planet, electric or not? 4 models qualify for the $7,500 EV tax credit , making it the first foreign automaker to get the nod under tightened sourcing rules.

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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. The electric vehicles that are the focus of this study fall into two broad classes: plug-in hybrid electric vehicles and battery-electric vehicles.