Green Car Reports

MARCH 8, 2024

The 2024 Honda Prologue and 2024 Acura ZDX will both qualify for the full $7,500 federal EV tax credit, Honda and its Acura luxury brand have confirmed.

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Tax Credit Acura Honda Tax 163

EV Connect

JULY 1, 2024

If you have considered adding electric vehicle (EV) charging stations to your property, the cost to install EV charging stations may have prevented you from making the purchase. Recently, this tax credit has been expanded and updated that increases its value and defines what projects are eligible.

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Tax Credit Tax Charging Alternative Fuels 107

CleanTechnica EVs

MARCH 16, 2024

federal EV tax credit provided that the customer meets all purchase and income qualifications for the EV tax credit as outlined in Internal Revenue Code Section 30DOpens. continued] The post 2024 Nissan LEAF Regains Eligibility for up to $3,750 EV Tax Credit appeared first on CleanTechnica.

Tax Credit 104

Tax Credit Tax Nissan Nashville 104

Blink Charging

JANUARY 11, 2024

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 Clean Vehicle Tax Credit for new EVs is worth up to $7,500 and the Previously Owned Clean Vehicle Tax Credit is worth up to $4,000. Here’s what you need to know.

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Tax Credit Tax Cleaning Clean 119

Electrek

APRIL 21, 2021

Americans are getting closer to a federal tax credit for electric bicycles, a proposal that could be similar in concept to the electric car and motorcycle tax incentives already on the books. more… The post Proposed 30% US tax credit for e-bike purchases gains support in Congress appeared first on Electrek.

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Tax Credit Congress Tax Purchase 145

Electrek

FEBRUARY 21, 2024

After temporarily losing availability for federal tax credits in early January, Cadillac has announced the LYRIQ is once again eligible for the total amount of up to $7,500. Additionally, some previously ineligible LYRIQs will receive a purchase incentive from Cadillac directly.

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Tax Credit Cadillac Tax Purchase 116

Electrek

MAY 29, 2023

Colorado is trailblazing with a new law that ramps up impressive EV state tax credits for both purchases and leases. more… The post Colorado’s new EV state tax credits are fantastic appeared first on Electrek.

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Tax Credit Tax Colorado Purchase 111

Electrek

OCTOBER 24, 2023

Colorado passed a new law that ramped up generous EV state tax credits for both purchases and leases from July 1, and here’s what resulted. more… The post What happened next after Colorado launched its fantastic EV state tax credits appeared first on Electrek.

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Tax Credit Colorado Tax Purchase 114

Teslarati

JANUARY 2, 2024

Treasury’s updated guidance on the federal electric vehicle (EV) tax credit has officially taken effect. With some of Tesla’s vehicles losing access to the credit in 2024, one Model 3 configuration is currently looking more appealing than ever.

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Tax Credit Tax Highlander North America 120

Green Car Congress

APRIL 11, 2019

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits.

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Tax Credit Tax Hydrogen Congress 304

Green Car Reports

JULY 12, 2022

Purchase incentives are an important tool for increasing EV adoption, but the current federal tax credit may not be the most effective, according to a new George Washington University study.

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Tax Credit Tax Sale Washington 192

Green Car Congress

AUGUST 9, 2022

The Inflation Reduction Act , which the Senate passed last week, revamps the electric vehicle Federal tax credit of $7,500 ( earlier post ). Among the changes are an extension of the tax credit through 2032, the removal of the unit-sales cap of 200,000 per OEM, and a new mandate for qualified cars being assembled in North America.

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Tax Credit Tax Convert Battery 334

Electric Driver

MARCH 3, 2023

federal government is offering a clean vehicle tax credit to help promote the purchase of electric vehicles as an effort to reduce carbon emissions. The clean vehicle tax credit of up $7,500 depends on several factors. Here are some details on what is needed to qualify for the tax credit.

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Tax Credit Tax Cleaning Clean 111

CleanTechnica EVs

DECEMBER 27, 2022

Fitzpatrick (R) of Pennsylvania, that would provide a $2500 tax credit for off-road EV purchases. The bill reads that, “there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal […].

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Tax Credit Tax Minnesota Pennsylvania 135

Green Energy Consumers

FEBRUARY 7, 2024

Back in December, we wrote about how the rules for what electric vehicles (EVs) qualify for the federal tax credit were going to change in 2024. Those changes did kick in January 2024, but so did new rules about how to claim the federal tax credit that we hadn’t expected.

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Tax Credit Tax Electric Vehicles Vehicles 84

Electrek

DECEMBER 26, 2023

New year, new rules: As of January 1, things are about to get a little easier when it comes to getting your federal tax credit for buying an electric vehicle. more… The post Thousands of auto dealers sign up to offer new on-the-spot tax credit appeared first on Electrek.

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Tax Credit Dealers Tax Auto 127

CleanTechnica EVs

APRIL 14, 2023

Consumers have a new resource for finding plug-in electric and fuel cell vehicle tax credits. Current owners and those considering an electric vehicle purchase can access a free tool developed by ORNL researchers for fueleconomy.gov.

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Tax Credit Tax Electric Cars Electrical 98

Green Car Reports

DECEMBER 1, 2022

Some Tesla purchases will qualify for at least $3,750 off under the revamped EV tax credit starting January 1. But the automaker on Thursday started this rolling a little early—as a discount of $3,750 on its most popular Model 3 or Model Y electric cars.

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Tax Credit Tax Tesla Purchase 162

Green Car Reports

OCTOBER 17, 2023

The 2024 Nissan Leaf is now eligible for a $3,750 federal EV tax credit, Nissan confirmed Monday in a press release. The credit—half the maximum amount of $7,500—can be applied to any new 2024 Leaf models purchased and placed in service by Dec.

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Tax Credit Tax Nissan Purchase 163

Electric Cars Report

JANUARY 26, 2024

4 models (when released with SK On components) that are placed in service in 2024 will be eligible for the full $7,500 Federal Tax Credit on a purchase by a qualifying purchaser, making the ID.4 4s are eligible for full $7,500 Federal Tax Credit appeared first on Electric Cars Report.

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Tax Credit Tax Purchase America 104

Electrek

DECEMBER 19, 2022

The United States Treasury department announced it will delay its guidance in regard to the sourcing requirements for battery materials in order for EVs to qualify for federal tax credits. The post US Treasury delays EV battery guidance, more vehicles could qualify for 2023 tax credits appeared first on Electrek.

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Tax Credit Tax Battery Batteries 139

InsideEVs

DECEMBER 6, 2023

The $7,500 tax credit for plug-in car purchases is changing again in 2024. Some vehicles are on the chopping block.

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Tax Credit Tax Ford Purchase 125

EV Club of CT

FEBRUARY 14, 2024

Federal Tax Credit for Buying/Installing EV Chargers Before the passage of the Inflation Reduction Act, every residence was eligible for a tax credit of 30% of the cost of the purchase and installation of residential. Read more

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Tax Credit Tax Installation Buy 77

The Truth About Cars

MARCH 6, 2024

The automaker recently announced that its upcoming Prologue EV would be eligible for federal tax credits of $7,500, meaning buyers can get around 15 percent off the SUV’s purchase price at the point of sale. Tax credits bring the Prologue’s starting price down to $41,295 after a $1,395 destination charge.

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Tax Credit Tax Honda General Motors 104

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. Point-of-sale rebates aren’t limited to franchised dealerships, either.

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Tax Credit Purchase Tax Sale 40

Teslarati

JANUARY 3, 2024

General Motors is sidestepping the loss of the electric vehicle tax credit on its vehicles and will still offer a big $7,500 discount on cars for customers. In December, GM said it would temporarily lose eligibility for the credit on some of its cars. can qualify for EV tax credits. Now, just 19 EVs in the U.S.

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Tax Credit General Motors Tax Motors 111

Teslarati

APRIL 7, 2023

The Tesla Model 3 RWD, the most affordable vehicle in the company’s lineup, will see its federal tax credit reduced from $7,500 to $3,750, as confirmed by an update on Tesla’s official Model 3 page. The reduction in the federal tax credit for the Model 3 RWD will take effect on April 18.

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Tax Credit Tax Tesla United States 125

Electrek

MARCH 31, 2023

The US Treasury Department today announced its expected EV tax credit guidance on the battery component and critical mineral sourcing requirements of the Inflation Reduction Act, changing the availability of EV tax credits in the US, with the net effect of reducing tax credit amounts for many vehicles purchased on April 18 or later.

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Tax Credit Tax Purchase Available 88

Blink Charging

APRIL 13, 2023

Usually when discussing federal electric vehicle tax credits in the United States , most people are referring to the Clean Vehicle Credit (formerly the Qualified Plug-in Electric Drive Motor Vehicle Credit) for new EVs. But that’s not the only federal tax credit for buying an EV.

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Tax Credit Tax Cleaning Clean 95

CleanTechnica EVs

JULY 11, 2022

New study finds the current tax credit scheme for encouraging electric vehicle purchases is less valuable to car buyers and less equitable WASHINGTON — Financial incentives play an important role in the widespread adoption of electric vehicles.

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Tax Credit Tax Electric Vehicles Washington 98

Electric Cars Report

MARCH 8, 2024

7,500 EV tax credit. The federal tax credit applies to the purchase of all 2024 Prologues built after Feb. EV Tax Credit appeared first on Electric Cars Report. Honda announced that most all-new 2024 Honda Prologue models, the first all-electric Honda SUV, will qualify for the U.S.

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Tax Credit Honda Tax Purchase 57

Teslarati

JANUARY 25, 2024

4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal tax credit for electric vehicles. 4 units with batteries from SK On qualify for federal tax credits. 4 EV may choose to apply the tax credit as a down payment for the vehicle. The 2023 ID.4 Only VW ID.4

Tax Credit 113

Tax Credit Tax Battery Batteries 113

Electrek

OCTOBER 28, 2021

After being cut in half, a proposed US tax credit for new electric bicycle purchases has been bumped back up to a full 30%. more… The post Proposed US tax credit for electric bikes back up to 30%, capped at $1,500 incentive appeared first on Electrek.

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Tax Credit Tax Purchase Electrical 140

Electrek

MARCH 21, 2023

After being originally introduced in 2021, yet faltering before the finish line, a federal incentive for electric bicycle purchases is back on the table. If it passes, Americans could receive a $1,500 tax credit for the purchase of an electric bike.

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Tax Credit Tax Purchase Electric 97

Electrek

JANUARY 17, 2023

January 1, 2023 marked the dawn of another year for the world, but in the realm of EVs, more specifically purchases made by US consumers, the date kicked off a fresh start of new tax credits for vehicles both new and used. Here’s what we know so far.

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Tax Credit Tax Purchase Vehicles 96

Teslarati

JULY 29, 2022

The bill allocates $369 billion for programs that help fight climate change and preserve the environment, and it also includes a number of revamped EV tax credits. With a $40,000 incentive, the Tesla Semi could be purchased at a price that is more affordable than a Tesla Model S and Model X Plaid without incentives.

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Tax Credit Affordable Tax Tesla 145

Teslarati

APRIL 17, 2023

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. The legacy automaker recently announced that its customers will benefit from the full $7,500 clean vehicles purchase incentive across its entire EV fleet lineup under a given MSRP cap.

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Tax Credit Silverado Chevrolet Tax 123