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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. First, the easy part: How do I claim the $7,500 EV tax credit?

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Which EVs Still Qualify for Federal Tax Credits?

The Truth About Cars

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. But there are a few more hoops to jump through if you want the government to offer some cash back on your EV purchase.

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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.

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Exclusive: 2023 Cadillac Lyriq Preview

Clean Fleet Report

First was the short-lived, 2014-2016, very cool looking ELR plug-in hybrid electric vehicle (PHEV). Then in 2017 along came the CT6 PHEV , an electrified version of Cadillac’s full-size, flagship sedan, but 2019 saw the end of this car. Cadillac is considered the only luxury brand at General Motors. Interior Technology.

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Want a Free Chevy Bolt? EV Life Can Help You Use EV Incentives to Save Big

EV Life

GM has been one of the pioneers of electric vehicles, introducing the General Motors EV1 back in 1996 and the groundbreaking Chevy Volt in 2010. What’s more, the Bolt EV is eligible for a variety of federal and state tax credits, rebates, and incentives that can potentially bring the price down to zero for qualifying drivers.

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The Clean Vehicle Credit Is A Confusing Mess

EV Adoption

Clean Vehicle Credit Background Part of the intent of the CVC was to correct flaws in the previous tax credit known as IRC 30D, which among other things had a poorly designed cap on manufacturers of 200,000 vehicles. A phaseout of the tax credit occurred over several quarters down to zero. Confused yet?

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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

General Motors. It will also list current tax credits and incentives applicable to EV charging. The Office of Federal Sustainability will partner with government and agency fleet purchasers to coordinate and aggregate the purchasing of EV fleets, with distinct acquisition procurement strategies to be determined.

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