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New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

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. ITC Holdings Corp.,

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Inflation Reduction Act mandates escalating battery critical mineral requirements to qualify for EV tax credit

Green Car Congress

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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Volkswagen ID.4 gets access to Plug&Charge at Electrify America stations

Teslarati

4 will include Plug&Charge access at Electrify America stations starting in early 2024. 4 owners may activate the feature via the Electrify America app. According to Volkswagen of America, its 2023 ID.4 4 units with SK On battery components qualify for the whole tax credit. The 2023 Volkswagen ID.4

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Jeep partnering with Electrify America to install chargers at select trailheads

Green Car Congress

Jeep is partnering with Electrify America to create the Jeep 4xe Charging Network. Trailhead chargers coincide with launch of 2021 Jeep Wrangler 4xe plug-in hybrid and will support future electrified Jeep vehicles. Jeep 4xe Charging Stations will be either directly connected to the power grid or use solar power to generate electricity.

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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. First, the easy part: How do I claim the $7,500 EV tax credit?

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

Plug in America

Clean Vehicle Tax Credits Clean vehicle tax credits kicked into high gear in 2023. New federal EV tax credits were expanded and updated, and credits for used and commercial EVs became available for the first time in January. We also provided feedback from EV drivers (Thanks to you!)

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DOE publishes list of EVs eligible for new tax credit

Teslarati

Department of Energy’s Alternative Fuels Data (DOE) published a list of electric vehicles that are immediately available for the new $7,500 EV tax credit. Under the new law, only EVs assembled in North America qualify for the credits. BMW 3-series Plug-In. Lincoln Corsair Plug-in. BMW 3-series Plug-In.