EV Adoption

AUGUST 18, 2021

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.

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EV Life

JANUARY 11, 2024

With climate change awareness increasing, gas prices continuing to climb, EV charging stations expanding, and tons of new EV options hitting the market each year, it’s no surprise that electric vehicle purchases are skyrocketing. This is great news for Tesla fans, as many Tesla models qualify for the credit.

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The Truth About Cars

JANUARY 30, 2024

Photo credit: Volkswagen Volkswagen has recently announced that their MY23 and the upcoming MY24 models of the ID.4, 4, equipped with SK On battery components, will be eligible for the full $7,500 Federal Tax Credit. that qualifies for the full Federal Tax credit. This development makes these models of the ID.4,

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Green Car Congress

APRIL 5, 2023

According to a consumer survey recently commissioned by Sila, nearly 90% of respondents who own or intend to purchase an EV view high-performance battery technology as more valuable than other tech enhancements or luxury features, including autonomous driving capabilities. Today more ethan 90% of graphite is mined and/or processed in China.

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Setec Powerr

APRIL 26, 2023

One such incentive is the electric car tax credit, designed to help offset the initial cost of EVs for buyers. Section 1: Overview of the Electric Car Tax Credit in 2023 1.1 In 2023, the tax credit remains available for eligible new electric vehicles but has undergone some changes compared to previous years.

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Baua Electric

JANUARY 26, 2024

Subaru mistakenly said some 2024 Solterra owners will qualify for the $7,500 EV tax credit. Subaru “owners” are not eligible for $7,500 EV tax credit Subaru introduced the 2024 Solterra electric SUV yesterday with new upgrades, including faster charging and more. The Limited and Touring models get 222 miles range.

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Baua Electric

MARCH 7, 2024

The 2024 Honda Prologue, the brand’s first all-electric SUV, qualifies for the full $7,500 EV tax credit. With the added credit, the Honda Prologue hits the “sweet spot,” with starting prices under $40,000. The 2024 Honda Prologue starts at $47,400 (excluding a $1,395 destination fee) with up to 296 miles EPA range.

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EV Adoption

FEBRUARY 23, 2021

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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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. 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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EV Adoption

SEPTEMBER 7, 2021

One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. How the Current Tax Credit Works For EV Buyers.

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Green Car Congress

MARCH 21, 2012

Colorado residents who purchase or lease a new Chevrolet Volt are eligible for a state tax credit of up to $6,000 in addition to a federal tax credit of up to $7,500 for a total price reduction of as much as $13,500. A tool to determine specific state or local electric vehicle tax credits is available here.

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Green Car Congress

DECEMBER 23, 2022

Upon final HVIP approval, purchasers of the Nikola Tre FCEV in 2023 will be able to qualify for a base incentive valued at $240,000 per truck; $270,000 per truck for drayage fleets; or up to $288,000 per truck for fleets with (i) 10 trucks or less, (ii) performing drayage operations, and (iii) located within a disadvantaged community area.

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EV Life

MAY 19, 2023

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.

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Teslarati

JUNE 24, 2024

For instance, the Tesla Model 3 Long Range AWD and Performance AWD qualify for the Inflation Reduction Act’s (IRA) $7,500 federal tax credit. Customers may transfer FSD to their new Model 3 Long Range or Performance and still receive the $7,500 tax credit. Xpeng CEO takes ride in Tesla FSD V12.3.6,

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Baua Electric

SEPTEMBER 27, 2024

Chevy’s new electric SUV features more range and will be available at a lower starting price of $45,995. The 2025 Chevy Blazer AWD and RWD trims offer more range and horsepower than the previous model year. It now has an EPA-estimated range of 283 miles, up from 279 miles with the 2024 model year.

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Baua Electric

JUNE 21, 2024

The 2024 Model 3 / Photo: Tesla Tesla scrapped promotional financing on the Model 3 Long Range this week after it became eligible for the $7,500 federal tax credit. As Electrek reported on June 17, Tesla and the IRS confirmed that the Model 3 Long Range All-Wheel Drive is now eligible for the full tax credit.

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Green Car Congress

FEBRUARY 8, 2023

This approval will now enable customers of Nikola’s Tre FCEV to access a point-of-sale incentive starting at $240,000 and ranging up to $288,000 per truck, in 2023. Customers will also be eligible for a $40,000 clean commercial vehicle tax credit from the federal government due to the passage of the “Inflation Reduction Act”.

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EV Connect

AUGUST 2, 2021

And thanks to a variety of tax credits and incentive programs, the barrier to entry may be lower than you think. On the federal, state and local levels, there are a plethora of tax credits for installing electric-vehicle charging stations. They include incentives for installing EV charging stations.

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Teslarati

FEBRUARY 8, 2024

Rivian recently rolled out two new range options for its R1T pickup truck and R1S SUV. The two new options still qualify for the Inflation Reduction Act’s (IRA) tax incentives. Rivian estimates that the Standard battery pack can deliver 270 miles of range, while the Standard+ is estimated to provide up to 315 miles of range.

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Teslarati

SEPTEMBER 14, 2024

With just a few weeks left in the third quarter, Tesla has launched a new incentive for customers of the Model 3 and Model Y Long Range and Performance in the United States. Buyers who pay a 20% downpayment for the Model 3 or Model Y would be getting a very attractive 1.99% APR for their purchase.

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Teslarati

MARCH 16, 2024

also offer additional local tax credits on electric vehicles (EVs). also offer additional local tax credits on electric vehicles (EVs). On the first day of March, the automaker increased the Model Y price by $1,000 , effectively bringing the EV to its current pre-tax-credit price of $43,990.

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Teslarati

MAY 21, 2024

The Performance qualifies for the Inflation Reduction Act’s (IRA) federal tax credit of $7,500. Customers may also purchase Tesla Full Self-Driving (FSD) Capability for an additional $8,000. The Tesla Model 3 Rear-Wheel Drive (RWD) starts at $38,990, while the Long Range AWD variant costs $47,740.

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Teslarati

FEBRUARY 10, 2024

As of Saturday, Tesla has posted a new message on the Model Y order configurator , noting that the Model Y RWD and Long Range AWD have been cut until the end of February. “Pricing Update — New Model Y RWD and Long Range AWD prices reduced for deliveries now through February 29,” writes Tesla on the Model Y configurator.

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Baua Electric

JANUARY 30, 2024

Ahead of its debut, Polestar is already offering a massive $7,500 purchase incentive on the new electric SUV. Riding on the same platform as the Volvo EX90 , the Polestar 3 offers up to 300 miles EPA range. It’s available in two versions: Long Range and Long Range with Performance Pack.

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Green Car Congress

APRIL 15, 2019

According to a new survey MINI USA recently commissioned from market research and business intelligence firm Engine International, Inc, 63% of consumers said the best way to use an EV is for commuting or city driving, At the same time, 73% of consumers surveyed said that battery range of up to 75 miles was sufficient for their daily use.

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Green Car Congress

MARCH 30, 2023

With a range of up to 500 miles and an estimated fueling time of approximately 20 minutes based upon expected technology improvements, the Nikola Tre FCEV is anticipated to have among the longest ranges of all commercially available zero tailpipe emission Class 8 trucks.

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Green Car Congress

JANUARY 19, 2023

In addition to the funding provided by HVIP, purchasers of Nikola’s Tre FCEVs will also qualify for an additional $40,000 clean commercial vehicle tax credit in 2023 from the federal government due to the passage of the Inflation Reduction Act.

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Green Car Congress

FEBRUARY 28, 2012

Designed to promote the use of Zero Emissions Vehicles (ZEV) and related clean vehicle technologies, the CVRP is a consumer incentive made available in addition to a $2,500 Federal Tax credit. These grants are available when a vehicle is either purchased or leased for 36 months or longer.

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Green Car Congress

DECEMBER 30, 2018

Hyundai delivered its first NEXO fuel cell SUV ( earlier post ) to Tom Hochrad of Ventura, California—the first US customer to drive off in the new NEXO, the only mass-produced fuel cell SUV for the US market, featuring a range up to 380 miles. His new NEXO will deliver about five times the driving range of his first all-electric car.

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The Truth About Cars

APRIL 24, 2024

One of the biggest reasons not to purchase an EV that I hear is that the MSRP of most EVs is too high, even considering tax credits. Or, if you're EV hesitant, is it because of some other factor or factors, such as range, driving experience, lack of charging infrastructure, et cetera? Does that ring true?

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Green Car Congress

MAY 3, 2023

AJR Trucking , a leading carrier for the United States Postal Service (USPS) and a major drayage carrier operating in the Ports of Los Angeles and Long Beach, has executed a purchase order for 50 Nikola Tre hydrogen fuel cell electric vehicle (FCEV) trucks from Tom’s Truck Centers, a member of the Nikola Corporation sales and service dealer network.

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The Truth About Cars

APRIL 29, 2024

That price hike will come as a disappointment to hopeful buyers, but it’s still the only car in the Model 3 line that qualifies for federal tax credits, which can make it less expensive than the Long Range variant in some configurations.

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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.

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Green Car Congress

JANUARY 28, 2022

While first-time BEV owners have a learning curve to become familiar with driving range, BEV veterans have experience and knowledge with real-world vehicle range that results in higher levels of satisfaction with battery range (+78 points) and accuracy of stated battery range (+49).

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Teslarati

JANUARY 9, 2024

As some have pointed out on X , the Internal Revenue Service (IRS) also offers a reduced electric vehicle (EV) tax credit on used purchases, which could potentially bring these prices down by another $4,000. At this time, the lowest price available is $20,200 for a 2021 Model 3 Standard Range Plus.

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Teslarati

JANUARY 12, 2023

The Model Y Long Range price has been reduced to $52,990, a full $13,000 less than its previous price of $65,990. With these price adjustments in place, Tesla has ensured that the Model Y Long Range would qualify for the Inflation Reduction Act’s $7,500 federal tax credit.

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Plug in America

AUGUST 10, 2022

If you are open to colors and options and want your EV sooner, a good dealership will keep your information and notify you when a unit is available for purchase. . Our sister site, PlugStar , lists all available vehicles for purchase or order in one place. In a tight market, they provide a solution to skyrocketing energy costs. .

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