Remove Grant Remove Tax Credit Remove United States
article thumbnail

How to Get the Federal Clean Vehicle Tax Credit This Year

Blink Charging

The United States federal government has made it even easier to buy a new or used electric vehicle (EV). The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. The value of the tax credit allowed and any other purchase incentives.

article thumbnail

The EV Tax Credit: Buy Now or Wait Until 2024?

EV Life

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.

article thumbnail

81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China.

article thumbnail

What EV Drivers Should Know About Leasing an EV This Year

Blink Charging

Although the $7,500 consumer tax credit for buying an electric car is becoming more restrictive for new vehicles adhering to specific manufacturing requirements , there’s a provision enabling consumers to still enjoy the credit when leasing an EV assembled outside of North America.

article thumbnail

How Government Incentives Help Convenience Stores Install Electric Vehicle Chargers

Blink Charging

The United States Interstate Highway System is often referred to as the “greatest public works project in American history.” To be eligible for the first 6% of the EV charging tax credit, all chargers must be installed in a population census tract that is a low-income community or that is not an urban area.

Store 104
article thumbnail

How Federal and State Government Incentives Make It Easy to Become an EV Owner

Blink Charging

Whether you are looking to purchase your first electric vehicle (EV), your next EV, or electric vehicle supply equipment (EVSE) for your home, the United States has incentives, rebates, grants, and programs to help. Must be used for driving primarily in the United States. Must be sold by a licensed dealer.

article thumbnail

U.S. Passes Landmark Law to Fund Semiconductor Manufacturing

Cars That Think

Legislation aimed at increasing semiconductor manufacturing in the United States has finally passed both houses of Congress, following a multiyear journey that saw many mutations and delays. It’s part of a $280 billion package aimed at improving the United States’ ability to compete in future technologies.