Blink Charging

NOVEMBER 16, 2023

To encourage clean and energy-efficient vehicle adoption, the United States government has made significant changes to the Clean Vehicle tax credit, to take effect from January 1, 2024. These changes make it easier for drivers to access tax credits when purchasing clean vehicles. What Is the Clean Vehicle Tax Credit?

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The Truth About Cars

DECEMBER 7, 2023

Earlier this year, the rules around EV tax credits seemed to be changing every other week. While things have calmed down since then, we’re about to see more action on the topic, as the Treasury recently released new guidance on battery materials sourcing that will upend credits for some EVs.

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Tax Credit Tax Ford Kentucky 99

The Truth About Cars

MAY 27, 2021

The post Senate Finance Committee Approves $12,500 EV Tax Credit Bill appeared first on The Truth About Cars. It’s good news for General Motors, which recently begged the government for just […].

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Tax Credit Financing Tax General Motors 119

Green Car Reports

AUGUST 3, 2022

As Congress moves to extend and expand the federal EV tax credit for passenger cars, it's also considering a bill that would add a first-ever tax credit for electric commercial vehicles.

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Congress Tax Credit Tax Electric 173

The Truth About Cars

APRIL 17, 2023

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. Image: Jan Hendrik/Shutterstock] Become a& TTAC& insider.

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Tax Credit Tax North America Chevrolet 93

The Truth About Cars

MAY 4, 2023

Though their electric vehicle lines are among the most compelling new zero-emissions models, Kia and Hyundai’s EVs don’t currently qualify for federal tax credits because of where they’re built. Both are working toward bringing EV production to the U.S., Image: Kia] Become a& TTAC insider.

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Tax Credit Kia Tax South Korea 52

The Truth About Cars

APRIL 29, 2024

That price hike will come as a disappointment to hopeful buyers, but it’s still the only car in the Model 3 line that qualifies for federal tax credits, which can make it less expensive than the Long Range variant in some configurations. Image: Tesla] Become a& TTAC& insider.

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Price Tax Credit Tesla Tax 104

The Truth About Cars

FEBRUARY 12, 2024

Though it’s eligible for federal tax credits, Tesla is temporarily decreasing pricing on the SUV, dropping it to $42,990 for the base model and $47,990 for the Long Range model. Tesla also lists the post-tax credit prices, which can be applied at the point of sale starting this year.

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Price Tax Credit Tesla Tax 111

Blink Charging

JANUARY 19, 2024

Although the $7,500 consumer tax credit for buying an electric car is becoming more restrictive for new vehicles adhering to specific manufacturing requirements , there’s a provision enabling consumers to still enjoy the credit when leasing an EV assembled outside of North America.

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The Truth About Cars

NOVEMBER 6, 2023

The report noted that Tesla plans to build a car with a 25,000-Euro starting price, or just shy of $27,000. While the Model 3’s prices have fallen in recent times, the least expensive model in the line is $38,990 before tax credits and local incentives. Image: gofra/Shutterstock.com] Become a& TTAC insider.

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The Truth About Cars

MAY 3, 2024

That said, the crossover is already one of the more compelling options on the market, even without federal tax credit eligibility. Get the latest news, features,& TTAC& takes, and everything else that gets to the truth about cars first by & subscribing to our& newsletter.

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Kia Tax Credit Light Hyundai 104

The Truth About Cars

JANUARY 11, 2024

Sales climbed just over one percent in the last quarter of 2023, but updates to the EV tax credit rules may spur more sales going forward, as buyers can now use the tax credit as a discount at the time of the sale instead of waiting for a year-end refund.

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Fleet Tax Credit Tax Sale 111

The Truth About Cars

APRIL 24, 2024

The recently updated Model 3 lost tax credit eligibility in lower configurations, but the fresh Performance variant qualifies. The Model Y also saw a remarkable price cut to just $29,420 to start, and it qualifies for tax credits, making it a compelling buy against the exceedingly expensive competition.

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Tax Credit Tesla Tax General Motors 69

The Truth About Cars

JUNE 21, 2023

Many people think the Detroit Big Three brands are the most American cars on our roads, but that’s not the case. Cars.com recently released its list of the most American-made car brands, and the name topping the list may surprise you. 4, Honda Odyssey, Acura MDX, Honda Ridgeline, and Acura RDX round out the top ten list.

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Land Rover Acura Tax Credit Honda 98

The Truth About Cars

MARCH 6, 2024

Cars Direct reported that the BMW 2024 BEV Conquest Program includes several other brands, including Audi, Mercedes-Benz, Polestar, Porsche, Rivian, and Lucid. BMW already offers a $7,500 credit for leasing the i4 sedan, which can be combined with the conquest incentive. Ford Mustang Mach-E and VW ID.4

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BMW Tax Credit General Motors Tax 100

The Truth About Cars

MARCH 8, 2024

4 range, it remains the only European EV that qualifies for federal tax credits in the United States. VW started building the SUV in Tennessee and sources batteries from SK On, giving the vehicle full access to the $7,500 credit. Though it’s disappointing that VW didn’t make more substantive changes to the entire ID.4

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The Truth About Cars

MAY 11, 2023

That said, the expansion is aimed at the company’s Japanese operations, so it’s not a promising sign for buyers wanting a federal EV tax credit. I wonder if American consumers choose their cars solely based on tax credits. customers are quality customers. We also keep our incentives at low levels.

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Tax Credit Tax Buy Toyota 95

Blink Charging

APRIL 4, 2023

Thanks to new tax credits for EVs and EV charging stations as well as lower fuel and maintenance costs for EVs, fleet managers can now save money while setting an example for other organizations. Limited time to claim tax credits for EV fleets There are currently numerous incentives to purchase EVs and EV charging equipment.

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Fleet Tax Credit Vehicles Tax 92

The Truth About Cars

APRIL 19, 2023

Though it’s now cheaper to buy a new Tesla Model 3 or Model Y, some are eligible for federal tax credits, making them even more appealing. Some Model 3s are only eligible for half the credit because of battery materials sourcing rules, but the automaker’s domestic battery production efforts and large U.S.

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Tax Credit Tesla Tax Kia 98

The Truth About Cars

FEBRUARY 9, 2024

The 600e is a production car, though a limited one, with numbers capped at 1,949 units. Its Hypnotic Purple paint job and Formula E-derived tires give it the look and grip of a legit performance car, and Abarth said it will be its most powerful vehicle yet. tax credits and other supply chain challenges may make that difficult.

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Dodge Tax Credit Jeep Tax 105

The Truth About Cars

MARCH 13, 2024

We’ve seen “exhaust” systems for the Mustang Mach-E that mimic a V8 sound, and now, Cadillac’s getting in the game with a new concept car. The car’s announcement coincides with the 20th anniversary of Cadillac’s V-Series, which debuted at Sebring in 2004 with the CTS-V. Image: Cadillac via YouTube] Become a& TTAC insider.

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Cadillac Concept Escalade Tax Credit 104

The Truth About Cars

AUGUST 2, 2023

federal tax credits because they’re both built in Japan, making moving EV production to a domestic location the most logical next step for both. Several other automakers are considering or are in process with similar plans to meet the tax credit requirements. Neither automaker’s current EVs are eligible for U.S.

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Kentucky Toyota Building Tax Credit 98

Baua Electric

FEBRUARY 29, 2024

Hyundai IONIQ 5 (left) and IONIQ 6 (right) at Tesla Supercharger (Source: Hyundai) Hyundai is “pulling ahead” to gain access to the $7,500 federal EV tax credit. The plant’s manager revealed a “super-large” Genesis electric SUV will be produced for the first time, according to The Korean Car Blog.

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Hyundai South Korea Tax Credit SUV 52

The Truth About Cars

APRIL 5, 2024

It’s also eligible for federal tax credits, which makes it an even more compelling option. Get the latest& news, features, TTAC takes, and everything else that gets to the truth about cars first by & subscribing to our& newsletter. Image: Toyota] Become a& TTAC insider.

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New York Toyota Tax Credit General Motors 104

The Truth About Cars

JANUARY 10, 2024

After several months of spy shots and looking at the updated Tesla Model 3 in European markets, the car is finally available in North America. Tesla added the car to its online configurator without much fanfare, but there are plenty of changes to the automaker’s popular sedan. Image: Tesla] Become a& TTAC& insider.

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North America Available America Tax Credit 105

The Truth About Cars

MARCH 7, 2024

That, combined with the car’s existing front motor, would add up to a potential 618 horsepower, more than a 100-pony boost over the outgoing car. That said, gearing and specific outputs could change before the car lands on our shores. Image: Tesla] Become a& TTAC insider.

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South Korea Tesla Tax Credit Cheap 106

The Truth About Cars

JANUARY 19, 2024

Even with tax credits for some models, many EVs are significantly more expensive than their gas-powered counterparts. Get the latest news, features,& TTAC& takes, and everything else that gets to the truth about cars first by & subscribing to our& newsletter. Image: Ford] Become a& TTAC& insider.

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F-150 Ford Tax Credit Production 105

The Truth About Cars

APRIL 23, 2024

At around $70,000 to start, the brand’s R1T pickup and R1S SUV are out of reach for most buyers, even after the $3,750 federal tax credits for some models. Get the latest news, features,& TTAC& takes, and everything else that gets to the truth about cars first by subscribing to our& newsletter.

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Gas Tundra F-150 2018 110

The Truth About Cars

DECEMBER 28, 2023

Yiwei, a new brand for the automaker in 2023, announced a 157-mile EV, but it’s hardly a car Americans are known to flock to, as it’s a tiny five-door hatch. Get the latest& news, features, TTAC takes, and everything else that gets to the truth about cars first by & subscribing to our& newsletter.

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Sodium Chinese Battery Powered Lithium Ion 110

The Truth About Cars

FEBRUARY 14, 2024

At the same time, the updated Model 3 is ineligible for federal tax credits, though that could change as Tesla gets its arms around the production of the new car. Get the latest news, features,& TTAC& takes, and everything else that gets to the truth about cars first by & subscribing to our& newsletter.

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Price Range Tax Credit Tesla 101

The Truth About Cars

JANUARY 12, 2024

It’s also ineligible for federal EV tax credits, making it a hard sell against cheaper competitors like the Tesla Model Y and others. Get the latest news, features,& TTAC& takes, and everything else that gets to the truth about cars first by & subscribing to our& newsletter.

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Japan Nissan Tax Credit Tax 105

The Truth About Cars

APRIL 16, 2024

In fact, Kia’s CEO said the company was pushing forward with plans to release an affordable electric car called the EV3. Ho Sung Song said that the car, based on the EV3 Concept, would go on sale before the end of 2024. That, and the brand needs an entry-level model to push buyers higher in the lineup over time.

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Kia Affordable South Korea Tax Credit 59

The Truth About Cars

APRIL 24, 2024

Leasing EVs can also be a loophole in the federal tax credit rules, making the VF 8 slightly more attractive for buyers. Get the latest news, features,& TTAC& takes, and everything else that gets to the truth about cars first by& subscribing to our& newsletter. Image: VinFast] Become a& TTAC& insider.

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Dealers North Carolina Tax Credit Vietnam 84

The Truth About Cars

MARCH 28, 2024

Among many other things, the Inflation Reduction Act changed the way EV tax credits work in the United States. Get the latest news, features,& TTAC& takes, and everything else that gets to the truth about cars first by& subscribing to our& newsletter.

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The Truth About Cars

JANUARY 30, 2024

While automakers can fix many issues with new cars via over-the-air updates, this one had to be performed in person, a significant source of the delays. after Volvo gets the EX90 rolling at its South Carolina factory, which will open at least partial EV tax credit eligibility for both models. Software version 1.2

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The Truth About Cars

OCTOBER 27, 2023

Upcoming changes to the EV tax credit rules may help, but it will likely be years before EVs reach parity with their gas counterparts. Get the latest& news, features, TTAC takes, and everything else that gets to the truth about cars first by & subscribing to our& newsletter. Image: Ford] Become a& TTAC insider.

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Ford F-150 Tax Credit Tax 105

The Truth About Cars

DECEMBER 27, 2023

That could raise EV prices initially, as much of the existing sourcing and refining infrastructure lies in China, and upcoming changes to the tax credit rules will make vehicles with Chinese-sourced or refined materials ineligible. Image: Chevrolet] Become a& TTAC insider.

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