Remove Auto Remove Guidelines Remove PHEV Remove Tax
article thumbnail

81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China. Critical minerals.

article thumbnail

Presales of Audi Q7 TFSI e quattro PHEVs begin in Europe

Green Car Congress

In many countries and cities, their owners can benefit from tax advantages or even enjoy local traffic privileges such as free parking or driving in the bus lane. In Germany, both plug-in hybrid models benefit from the company car regulation for electric cars: The vehicle is taxed only at a flat rate of 0.5% of the gross list price.

Audi 243
article thumbnail

Using the PHEV (Plug-In Hybrid Electric Vehicle) to Transition Society Seamlessly and Profitably From Fossil Fuel to 100% Renewable Energy

Green Car Congress

The PHEV (Plug-in Hybrid Electric Vehicle), a subset of the electric car, combines a primary electric motor with a much smaller back-up engine fueled with a hydrocarbon/biofuel mix. (In In this paper PHEV refers solely to the long-range PHEV of 60 miles (100 km) electric-only range.) It is much more than that.

PHEV 150
article thumbnail

How Much is a Tesla? Much Less, After These Tax Credits and Rebates

EV Life

The reason for the price changes is due to several factors, including shifts in demand and changes to federal rules regarding which electric vehicles qualify for tax credits. In addition to the federal EV tax credit, we’ll examine the various state rebates and grants available to California drivers who qualify.

article thumbnail

Are You Plugged In?

Revenge of the Electric Car

Match the auto maker with its electric car: A. All will qualify for a $7,500 federal tax credit. The Think City, a two-seater with optional back seats for children, can travel at speeds of up to 60 miles per hour and go as far as 100 miles per charge, but it is also the most expensive, at about $37,500 before a tax credit.

Plug-in 140