Remove America Remove Gasoline-Electric Remove Tax Remove Tax Credit
article thumbnail

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. It does not act as a rebate (until 2024).

article thumbnail

2023 was a tremendous year for both EVs and Plug In America!

Plug in America

in a year First NEVI charging stations up and running Gasoline sales have passed their peak It’s been a busy year here on the policy team. Clean Vehicle Tax Credits Clean vehicle tax credits kicked into high gear in 2023. Over a million EVs sold in the U.S.

Plug-in 52
article thumbnail

What EV Drivers Should Know About Leasing an EV This Year

Blink Charging

Electric vehicle (EV) adoption is increasing. Cox Automotive forecasts a notable surge in electric vehicle adoption, projecting a rise from 7.6% Seize the opportunity to explore, test, drive, and consider an electric vehicle for your next ride as manufacturers expand their product lines to meet growing consumer demand.

article thumbnail

10 Reasons Your Next Car Should Be an EV

Plug in America

EVs are Better for the Environment Over the course of their lifetimes , EVs generate less than half of the GHG emissions of comparable gasoline-powered vehicles. In addition, electricity in the U.S. EVs Cost Less to Fuel Powering your ride with electricity costs about 60% less than buying gasoline. petroleum consumption.

article thumbnail

President Obama announces $1B National Community Deployment Challenge to spur deployment of alternative-fuel vehicles; new purchasing incentives; new EV Everywhere research grand challenge

Green Car Congress

The President also announced a new research Clean Energy Grand Challenge—EV Everywhere—to make electric-powered vehicles as affordable and convenient as gasoline-powered vehicles for the average American family within a decade. Tax credits. National Community Deployment Challenge. EV Everywhere.

article thumbnail

Governor George Pataki Calls for 40% Penetration of Electric Drive Vehicles in US by End of Decade

Green Car Congress

In a talk at the opening plenary of the Electric Drive Transportation Association (EDTA) conference in Washington, DC, former New York Governor George Pataki called for a 40% market penetration of electric drive vehicles in the US by the end of the decade. Gasoline is too cheap. Incentivize the battery makers.

article thumbnail

News: 2023 Genesis Electrified GV70 AWD

Clean Fleet Report

The 3,800 team members, as Hyundai calls them, are building the all-new 2023 Genesis Electrified GV70 that joins electric models of the GV60 EV and the Electrified G80 , both of which are assembled in South Korea. Both GV70s share a platform that was specifically designed for a gasoline engine and electric motors.

Hyundai 92