EV Life

MAY 5, 2023

This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. Federal EV Tax Credit To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car.

Tax Credit 52

Tax Credit Tax Dealers Personal 52

EV Life

JANUARY 4, 2024

On the one hand, the (up to) $7,500 tax credit is now available right away at the point of sale, eliminating the wait time and allowing drivers to apply their savings directly to the purchase of their vehicle at the dealership—which is great for consumers. In fact, it’s what EV Life has been doing for our customers for years.

Tax Credit 52

Tax Credit Tax Personal F-150 52

Cars That Think

DECEMBER 11, 2022

Therefore, Coltura asserts, instead of offering EV incentives to everyone who purchases an EV, generous incentives instead should be targeted towards the estimated 25 million gasoline superusers. Battery life, reliability and charging infrastructure are going to be factors in convincing current rural owning ICE F-150 owners to switch to EVs.

Gasoline 83

Gasoline Convert Wyoming F-150 83

Cars That Think

JANUARY 23, 2023

Even if interest in purchasing an EV is increasing, close to 70 percent of Americans are still leaning towards buying an ICE vehicles as their next purchase. In the UK, only 14 percent of drivers plan to purchase an EV as their next car. EVs ain’t cheap Price is another EV purchase risk that is comparable to EV range.

Buy 89

Buy GM Range Purchase 89

EV Life

AUGUST 17, 2022

To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car. However, dealers are much less likely to educate you about the exceptions that may prevent you from accessing the full $7500 credit.

Tax Credit 52

Tax Credit Tax Dealers Personal 52

EV Adoption

NOVEMBER 26, 2021

There are separate provisions for 2 & 3-wheeled EVs, electric bikes, and used 4-wheeled EVs — of which this article will not cover. For more background and detail on changing to refundable tax credit, read my article from September — Proposed Changes to Federal EV Tax Credit – Part 5: Making the Credit Refundable.

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Tax Credit Tax F-150 PHEV 116