Teslarati

FEBRUARY 2, 2023

But while the idea of a Giga Nevada expansion is compelling, Nevada state officials have signed a non-disclosure agreement with the EV maker that will keep the details of potential tax breaks for the $3.6 Gigafactory Nevada is no stranger to tax incentives. billion in tax abatements over a 20-year period. Lombardo said.

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Electrek

FEBRUARY 24, 2023

German automaker and VW Group subsidiary Audi is flirting with the idea of implementing EV production on US soil, so its vehicles can once again qualify for federal tax credits under new terms outlined in the Inflation Reduction Act.

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Teslarati

JANUARY 27, 2023

California legislators are advocating for legislation that would introduce a new tax on the state’s wealthiest residents, even if they have already relocated to another area of the country. tax on individuals with a “worldwide net worth” over $1 billion, beginning as early as January 2024.

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Teslarati

JULY 23, 2021

Tesla is seeking lower import taxes on electric vehicles in India by writing to the country’s government ministries. This would impose a 100% tax on all of its vehicles, except for this configuration. Tesla could import vehicles from Gigafactory Shanghai in China to Indian customers if import taxes are lowered.

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Baua Electric

JUNE 13, 2024

The majority of EV purchasers eligible for a federal tax credit have gotten the credit as a point-of-sale rebate since that option was added at the beginning of the year, The Treasury Department said in a press release. The tax credit can be claimed on Teslas at the time of purchase via its company-owned direct sales apparatus.

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Teslarati

OCTOBER 29, 2021

Malaysian government officials are petitioning and working toward making electric vehicles exempt from taxes, including import and excise duties, as well as road taxes. According to Paultan , a Malaysian automotive news site, supporting politicians are proposing a 100% exemption from the road tax for EVs.

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Teslarati

MAY 14, 2021

Elon Musk recently reiterated his support for a carbon tax in the United States, reiterating a point he has emphasized in the past. A 2020 poll shows that 2/3 of American voters agree with Musk’s call for a carbon tax. In a tweet, Musk remarked that it is “high time” for a carbon tax.

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Teslarati

FEBRUARY 4, 2022

Tesla’s request for tax breaks for imported electric vehicles in India was recently met with a stern rejection, with Vivek Johri, chairman of the Central Board of Indirect Taxes and Customs, noting on Thursday that other companies are adapting to the country’s current rules without any issues. .

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EV Adoption

JULY 4, 2022

As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fuel taxes as drivers of gas-powered cars do at gas stations. Unfortunately there is currently no simple and agreed upon best replacement for the fuel tax.

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Teslarati

DECEMBER 20, 2021

Elon Musk has confirmed on Twitter that his 2021 tax bill will be around $11 billion, thanks to his sale of Tesla stock this year. The news agency noted that the figures could represent “the single tax bill ever,” thanks in part to Musk’s combined tax rate of 53%. .

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Teslarati

JANUARY 3, 2023

A new tool released by Recurrent Auto shows car buyers which used EVs qualify for federal tax incentives based on a simple VIN search. And to help those who want to purchase a used EV, the Federal government has introduced a tax incentive of $4,000. This eligibility tool makes it much easier.

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Baua Electric

FEBRUARY 5, 2024

Elon Musk is introducing his new right-wing fans to the idea of implementing a carbon tax, and it goes about as well as you would expect. For the first time in a while, Musk decided to use his massively popular X account to promote an idea perceived as left-wing (even though it shouldn’t be political): a carbon tax.

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Teslarati

NOVEMBER 17, 2021

Experts say that the Tesla CEO has already sold more shares than he needs to pay his current tax obligations. . million shares, worth about $3 billion, to pay taxes on three tranches of stock options he exercised this week. Since he exercised his options and immediately sold his shares, the gain is taxed as ordinary income.

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Teslarati

NOVEMBER 15, 2021

Tesla CEO Elon Musk wants to know how his $15 billion in taxes will be used by the US government. Musk evidently supported the idea, posting a thumbs-up emoji as a response to the Tesla bull’s suggestion. Just as Musk noted in the past, he is not at all opposed to paying taxes. Want me to sell more stock, Bernie?

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Teslarati

DECEMBER 16, 2021

Elon Musk may be paying an estimated $15 billion in taxes this year due to his massive sale of part of his TSLA holdings, but his contributions to the US government may end up supporting the fossil fuel industry. These include both direct subsidies to corporations, as well as other tax benefits to the fossil fuel industry.

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The Truth About Cars

APRIL 17, 2023

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.

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Teslarati

JANUARY 12, 2022

CEO Elon Musk has been pretty vocal about his opposition to California’s “solar tax” initiative, noting last month that the idea was “insane.” The post Tesla launches efforts to stop CA’s solar tax, which Musk dubs as “anti-environment” appeared first on TESLARATI.

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Baua Electric

JANUARY 3, 2024

As sales of electric vehicles continue to grow in 2024, many new and prospective customers have questions about qualifying for a federal tax credit on electric vehicles. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place. How much is the federal tax credit?

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Electric Cars are for Girls

MARCH 29, 2011

Electric cars don't use any gas (except for the Chevy Volt), but now legislators in three states, including mine, are trying to figure out how to make up the money they're going to lose on the gas tax we're not paying. Their idea for figuring out how to tax you for miles driven? Good luck with that.

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EV Adoption

AUGUST 19, 2021

Should expensive electric vehicles be excluded from the federal electric vehicle tax credit (IRC 30D)? But it also means that if the base MSRP of an EV is say $78,500 — that after various upgrades, add-ons, and destination charges — an EV costing $90,000 out the door, would still qualify for the tax credit.

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Teslarati

JANUARY 13, 2022

Tesla launches efforts to stop CA’s solar tax, which Musk dubs as “anti-environment” As critics of the initiative, such as Tesla and other renewable companies and organizations in the state, launched efforts to combat the NEM 3.0 proposal, organizations supporting the CPUC’s proposal have adopted a pretty similar stance.

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Green Car Congress

NOVEMBER 30, 2011

However, a new study by researchers at the University of Gothenburg (Sweden) finds that middle- and high-income earners are generally affected the most by gasoline taxes, especially in poor countries, rather than poor people. Petrol taxes are effective and actually don’t affect poor people disproportionally. —Thomas Sterner.

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CleanTechnica EVs

SEPTEMBER 20, 2023

For some, the idea of only offering a few miles of electric range followed by combustion is already hopelessly obsolete. For others, they’re a cheap scheme to get tax credits or HOV lane access. Plugin hybrid electric vehicles (PHEV) can be a pretty contentious topic in the EV scene.

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Teslarati

NOVEMBER 21, 2023

Tesla is also mulling over the idea of producing batteries in India to reduce costs. India’s steep import taxes on foreign vehicles have always been an obstacle to Tesla establishing roots in the country. However, now that the local government is considering lowering import taxes, Tesla India may finally come to fruition.

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Teslarati

AUGUST 31, 2023

The Fisker Pear will be produced in the United States and would likely benefit from the country’s EV tax incentives from the Inflation Reduction Act. We created this vehicle with the idea that young people living in the world’s big cities need innovative, versatile, and affordable mobility,” said Chairman and CEO Henrik Fisker.

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Green Car Congress

DECEMBER 7, 2009

A new Rasmussen Reports national telephone survey finds that only 15% of adults favor raising the gas tax to help meet new transportation needs. Seventy-four percent (74%) oppose a gas tax hike. Americans currently pay a federal tax of 18.4 22% prefer raising the tax instead of cutting back; 23% aren’t sure.

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CleanTechnica EVs

AUGUST 4, 2021

In a move that makes it seem as if India is changing its mind on having Tesla expand there, India’s government rejected Tesla’s appeal to lower EV import taxes. The government also seemed to diss Elon Musk’s idea of having a local plant in India after it starts selling EVs imported from overseas.

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Baua Electric

JANUARY 27, 2024

4 models qualify for the $7,500 EV tax credit , making it the first foreign automaker to get the nod under tightened sourcing rules. The chairman of Toyota, Akio Toyoda, has never been big on EVs, or even embraced the idea that they’ll be the technology on the way to market dominance by the end of the decade. population.

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Green Car Congress

MAY 29, 2012

The researchers argue for a global economy-wide greenhouse gas tax that spreads the burden of responsibility. The researchers tested various levels of emission reduction plans—a global carbon tax of $10, $30 or $50. The various taxes would slow warming to 3.5, we’re really being left behind.”.

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Teslarati

NOVEMBER 9, 2023

To gauge accurately the demand for its vehicles, Tesla has attempted to woo the Indian government to roll back import duties , but officials have been uneasy about the idea. India has also been extremely against the idea of testing demand through imports that would come from Tesla’s Giga Shanghai plant in China.

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Teslarati

AUGUST 30, 2021

Gadkari is pushing for reduced import duties so that Tesla can test the demand for its vehicles, an idea the company proposed within the last few months. “If Indian government officials were not keen on the idea as they favored local manufacturers for economic reasons. Indian media outlet Economic Times listed Sona Comstar Ltd.,

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Teslarati

FEBRUARY 27, 2022

advocated the idea that California’s existing solar rules take from the disadvantaged and give to the wealthy. These included former CA Governor Arnold Schwarzenegger, who flat-out called the proposal a “solar tax,” and Senator Dianne Feinstein, who made her opposition to NEM 3.0 Supporters of NEM 3.0

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Green Car Congress

MAY 11, 2009

A new Rasmussen telephone poll found that 81% of Americans oppose an “ increase the tax on gasoline by a large amount ” as a way to encourage the purchase of more fuel-efficient cars. These sentiments remain largely unchanged from nearly two years when 86% said they opposed the idea of raising gas taxes by $0.50

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Blink Charging

JANUARY 19, 2024

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. How Does Obtaining a Tax Credit for a Leased EV Work?

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Green Car Congress

APRIL 6, 2018

This study gathered together 11 modeling teams to run a common set of carbon tax scenarios, in order to explore how environmental and economic outcomes depend on the initial carbon tax rates, the rate at which the tax escalates, and how the government uses the revenue collected by the carbon tax. —McFarland et al.

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Electrek

NOVEMBER 8, 2021

One of the main catalysts appears to be Elon Musk confirming plans to sell 10% of his stake in the company over growing pressure over the idea that “the rich don’t pay taxes” But is he being genuine?

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Electric Cars are for Girls

SEPTEMBER 28, 2011

Here's an idea: 1. Decrease payroll taxes. Increase taxes on dirty carbon-based fuels at the source. Yeah, you know who I'm talking about; ) 3. Retrain coal miners and refinery workers into green jobs. Save the planet for future generations. Follow the link to whitehouse dot gov to sign the petition.

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