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

Teslarati

OCTOBER 7, 2021

After delivering a record 241,300 cars in Q3 2021 and producing 237,823 vehicles in the quarter, all eyes are now on Tesla and its capability to ramp even higher in the the fourth quarter. Thanks once more for staying with us for this Live Blog. The ‘Model 2’ is not a car,” Elon said. Can there be a carbon tax, what the hell?”

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Tesla Texas Solar Austin 137

The Truth About Cars

DECEMBER 7, 2023

Earlier this year, the rules around EV tax credits seemed to be changing every other week. The new tax credit guidance includes stricter requirements on battery sourcing locations. 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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Tax Credit Tax Ford Kentucky 99

The Truth About Cars

JANUARY 4, 2024

The EV tax credit rules changed again at the beginning of 2024, and stricter requirements on battery materials sourcing cut several previously qualified models from the list. 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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Tax Credit GM Tax Cadillac 110

Blink Charging

FEBRUARY 23, 2023

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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Tax Credit Tax Electric Vehicles North America 72

The Truth About Cars

MAY 27, 2021

Changes include raising the federal EV tax rebate ceiling to $12,500 and opening the door for automakers who already exhausted their production quotas. The post Senate Finance Committee Approves $12,500 EV Tax Credit Bill appeared first on The Truth About Cars.

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Blink Charging

APRIL 13, 2023

Usually when discussing federal electric vehicle tax credits in the United States , most people are referring to the Clean Vehicle Credit (formerly the Qualified Plug-in Electric Drive Motor Vehicle Credit) for new EVs. But that’s not the only federal tax credit for buying an EV. What is the federal US Used Clean Vehicle tax credit?

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Tax Credit Tax Clean Cleaning 95

The Truth About Cars

DECEMBER 7, 2021

Elon Musk has continued bashing the Biden administration’s tax credit legislation designed to spur electric vehicle adoption, this time suggesting that the entire bill be scrapped. The post Elon Musk Continues Insulting Biden Admin’s EV Tax Credit Scheme appeared first on The Truth About Cars.

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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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Tax Credit Tax Clean Cleaning 52

Blink Charging

OCTOBER 6, 2023

The electric car market is experiencing massive growth, exceeding 10 million in sales in 2022. As both EV adoption increases and internal combustion engine vehicles have become more fuel efficient, states are seeking to offset lost revenue from the gas tax. In Iowa , the kWh tax has already been in effect since July 1, 2023.

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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

Clean Car

SEPTEMBER 23, 2020

There have been some MAJOR changes to the company car tax treatment of battery electric vehicles (BEV) this year. Company car tax rates are designed to encourage company car drivers to choose cars with lower levels of CO2 and (from April 2018) NOx emissions. There is a ton of money at stake.

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Tax 2020 2018 CO2 60

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., has a free-trade agreement, and the EV has a North American final assembly location.

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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

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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Affordable Building Germany Tax Credit 111

The Truth About Cars

FEBRUARY 13, 2024

A British friend of mine recently asked my opinion on several vehicle models, saying he was browsing company 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.

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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

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. Vehicle must be used primarily in the United States.

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Tax Credit Tax North America Clean 94

The Truth About Cars

FEBRUARY 9, 2024

That’s how the 2024 Toyota GR Yaris, a car powered by an (admittedly powerful and turbocharged) three-cylinder engine, costs nearly double its sticker price in France. The WLTP standard (think EPA equivalent), which European vehicles are measured against, estimates emissions of 190 grams per kilometer for the car, leading to that absurd fee.

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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. Image: Tesla] Become a& TTAC& insider.

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Price Tax Credit Tesla Tax 111

The Truth About Cars

NOVEMBER 30, 2020

COVID-19 has changed that, as 31 percent of those without a car intend to buy one in the next six months, and 45 percent of them are Millennials. EY, a global leader in assurance, tax, strategy, and consulting services, and […]. The post Millennials Really Do Intend to Buy Cars. appeared first on The Truth About Cars.

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Buy Cars Tax Automobile 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 24, 2024

If the automaker meets other requirements for federal tax incentives, the domestic output would qualify its vehicles for up to $7,500 in credits at the time of sale. Leasing EVs can also be a loophole in the federal tax credit rules, making the VF 8 slightly more attractive for buyers. Image: VinFast] Become a& TTAC& insider.

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Dealers North Carolina Tax Credit Vietnam 84

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. Cars Direct noted that the iX also comes with a significant discount of up to $9,900 in lease cash. Ford Mustang Mach-E and VW ID.4 4 owners can also take advantage of the deal.

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BMW Tax Credit General Motors Tax 100

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. Image: Kia] Become a& TTAC& insider.

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Kia Tax Credit Light Hyundai 104

The Truth About Cars

APRIL 18, 2024

Automotive News reported that the country would not offer tax incentives or land discounts to Chinese automakers. Security issues aside, Chinese EVs are generally cheaper than comparable models from American and other brands, which is a good thing for Mexican car buyers. It noted that the U.S.

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The Truth About Cars

DECEMBER 26, 2023

The send-off at the Brampton, Ontario plant involved a Scat Pack Widebody Charger and, befitting Dodge's muscle-car image, a black Challenger SRT Demon 170. Both cars came off the line on Friday. We'll miss the grunt, if not the gas bills and gas-guzzler taxes. Yes, the 1,025 horsepower Demon 170.

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Dodge Chrysler Chevrolet Tax 116

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

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. Demand for EVs continues to grow, although far slower than many had hoped.

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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

MARCH 8, 2024

4 range, it remains the only European EV that qualifies for federal tax credits in the United States. The 2023 model started at $38,995 before destination and tax credits, which undercuts the Ford Mustang Mach-E and others, making the ID.4 Though it’s disappointing that VW didn’t make more substantive changes to the entire ID.4

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Tax Credit Tennessee Tax Affordable 105

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

My Energi

DECEMBER 14, 2023

“However, while a signification step forward, it’s disappointing to hear that eco-smart EV charge points will continue to remain outside the scope come February 2024 – even though devices like the myenergi zappi (when operating in ECO+ mode) can charge an electric car using nothing but self-generated renewable energy.

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Energy Tax Jordan Installation 52

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

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

SEPTEMBER 21, 2023

head Lisa Brankin said the company had invested 430 million pounds ($530 million) to build electric cars in Britain. Conservatives seem to have noticed that the general public doesn’t appear all that excited about the government limiting their purchasing choices or presenting new taxes on vehicles boasting a tailpipe. Meanwhile, U.K.

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Gasoline United Kingdom Cars Gas-Electric 104

The Truth About Cars

NOVEMBER 1, 2023

Even with government tax credits and other incentives, electric models are out of reach for many buyers, and the seemingly constant pricing fluctuations aren’t helping. These prices also do not reflect incentives, such as tax and state credits, that could significantly lower the cost of entry.

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Tax Credit Tax Price Chevrolet 105