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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. The good news is that there are now tax credits for individuals and businesses that buy or lease a new or used electric vehicle! First, the easy part: How do I claim the $7,500 EV tax credit?

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Cadillac ELR EREV goes on sale in January, starting price $75,995

Green Car Congress

The 2014 ELR has a starting price of $75,995, including a $995 destination charge but excluding tax, title, license and dealer fees. Base price of a 60 kWh Tesla Model S—without Federal tax incentive, but with destination fee—is $71,070.) Net pricing after tax credits could be as low as $68,495, including $995 destination.

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Driving Dystopia: Pickup Sales Are Probably Going to Decline in the UK

The Truth About Cars

What I assumed would be a quick chat quickly devolved into my being educated on British tax codes, especially the benefit-in-kind (BIK) taxes applied to any items of value provided to employees. For corporate automobiles that also see private use, benefit-in-kind taxes are calculated as a perk on top of the base salary.

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UK auto industry warns anti-diesel agenda and slow uptake of EVs could mean missing 2021 CO2 targets; rising CO2 average in 2017

Green Car Congress

Because diesel cars typically consume less fuel than gasoline equivalents they emit, on average, 15-20% less CO 2. million strong new car market still powered, wholly or in part, by gasoline or diesel. Alongside advances in gasoline and diesel vehicle technology, the industry is investing heavily in alternative technologies.

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Mercedes-Benz Reportedly Rethinking North American EV Strategy

The Truth About Cars

A base Mercedes-Benz GLA 250 starts at $37,500 before factoring in taxes and fees. While the cars are dimensionally similar, going with the gasoline-powered model yields better range and superior performance in a package consumers are more familiar with.

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Electric Vehicle Adoption Divide Mapped

The Truth About Cars

The populace is split between gasoline-loving Luddites, endlessly bemoaning the current regulatory landscape and smug EV adopters who proselytize battery-powered vehicles with all the zealotry of a religious fanatic. Like everything else in the modern era, vehicles have become another polarizing issue.

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News: 2023 Genesis Electrified GV70 AWD

Clean Fleet Report

The gasoline-powered GV70 is the best-selling Genesis model, so the addition of an all-electric version of this popular SUV will find a place in many garages as GV70 owners make the transition to electric propulsion. Both GV70s share a platform that was specifically designed for a gasoline engine and electric motors.

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