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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?

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3 Major US Electric Vehicle Initiatives — Which Is Most Important?

CleanTechnica EVs

Three of these are specifically targeted at the auto industry: a reboot of the federal tax credits for EV purchases; a major investment in EV charging infrastructure; and a new set of fuel economy […].

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U.S. EV buyers will get the $7,500 tax credit with a few catches

Teslarati

The United States Electric Vehicle Tax Credit is one of the most notable advantages of purchasing a battery-electric car. The future of the auto industry is electric — and made in America. Earlier this year, a $12,500 EV tax credit was discussed. President Biden (@POTUS) August 5, 2021. What do you think?

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Tesla launches limited-time 0.99% APR loan rate on U.S. Model Y orders

Teslarati

Tesla has launched its latest buying incentive for the Model Y, this time offering a special, super-low interest rate for those who purchase the SUV by the end of this month. On Friday night, Tesla launched the promotional financing on its website for the Model Y, offering a 0.99

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

China has made progress with automotive energy-saving technologies over the past 10 years through implementing passenger car fuel consumption limits and the use of fiscal policy to encourage the purchase of small cars, the government statement noted. 2012 Chinese Auto Industry Development Report.

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China's NEV sales up 24% MoM to 653,000 in Mar, CAAM data show

CN EV Post

With purchase tax incentives for internal combustion engine vehicles and purchase subsidies for NEVs both expiring at the end of last year, coupled with price cuts since the beginning of the year, China's auto industry faced significant pressure in the first quarter, the CAAM said. percent year-on-year and 27.2

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 House appreciation historically has been used to finance the purchase of a new vehicle about 20% of the time. million in 2012.