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Tesla Model Y’s complete lineup now qualifies for EV tax credits through Inflation Reduction Act

Teslarati

Tesla’s complete lineup of Model Y trim levels now qualifies for electric vehicle tax credits through the Inflation Reduction Act, as the Internal Revenue Service (IRS) has increased the applicable MSRP limit to $80,000 across each of the all-electric crossover’s configurations.

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

Green Car Congress

Initial sales of the 2014 Cadillac ELR extended range electric luxury coupe ( earlier post ) will begin in January in all major US metropolitan areas. The 2014 ELR has a starting price of $75,995, including a $995 destination charge but excluding tax, title, license and dealer fees. Official EPA estimates are not yet available.

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President Obama Awards $2.3B for Tax Credits for New Clean-Tech Manufacturing Jobs; GE Gets Largest Battery-related Award

Green Car Congress

billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. The 183 projects in 43 states include several for the manufacturing of advanced batteries; biomass projects; and vehicles. GE claimed the largest of the battery-related awards, with a $25.5

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Survey Shows Auto Dealers Still Annoyed With Biden EV Strategy

The Truth About Cars

Others likewise said that it should be the market driving EV sales, not pressure from the government.& About half of all dealerships also said they never bothered to register with the IRS to more easily facilitate EV tax credit exchanges. Electric vehicles are exciting.

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Australia unveiled its new EV policy

Electric Vehicles India

The government said that it has ruled out subsidizing the expansion of electric and hybrid vehicles and expects only 30% of new sales to be EVs by 2030. But the plan doesn’t provide financial or tax support to help Australian motorists to switch to a eco-friendly vehicle. Australia new EV policy. It’s not going to tow your boat.

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3 EV Charging Station Business Models for 2023

EV Connect

In 2022, the proportion of global car buyers who planned to purchase a fully battery-powered or hybrid EV passed 50% for the first time. The 2022 Inflation Reduction Act (IRA) renewed the 30C Tax Credit for installing EV Chargers. The consumer mindset is steadily shifting in favor of electric vehicles (EVs).