Blink Charging

OCTOBER 6, 2023

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. With states enacting new kWh taxes on EVs and EV charging, we want to make sure you have the right information. By the end of 2022, there were 2.7

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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. Frustratingly, the SUV hasn’t even hit dealers’ lots yet, and Chevy’s already cut the originally planned base trim, raising the starting price by more than 10 percent.

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Tax Credit Tax Price Chevrolet 95

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. Vehicles must undergo final assembly in North America.

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The Truth About Cars

NOVEMBER 22, 2023

The Ford F-150 Raptor R is a seriously impressive truck with an equally serious price tag that puts it out of reach for most buyers. An Alabama Ford dealer has a solution , however, in the form of a base F-150 XL with a Roush supercharger and other upgrades. liter V8.

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The Truth About Cars

JUNE 30, 2023

Canadian dealers of Mercedes-Benz vehicles are reporting that the automaker is considering revising its strategy for North America. The dealers attended a market-wide retailers meeting in Vancouver held in May and noted that the automaker was fretting about consumer hesitancy over expensive electric vehicles.

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The Truth About Cars

NOVEMBER 21, 2023

Ford’s battery manufacturing is supposed to be done by licensing technology from China’s Contemporary Amperex Technology Co (CATL) and the issue has raised questions about national security and whether or not subsequent Ford products would be eligible for federal tax credits that are now tied to regional content requirements.

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Michigan Ford Batteries Battery 79

My Energi

NOVEMBER 16, 2022

And that’s not all, while the purchase price of EVs has continued to tumble, comparable finance rates are still far higher than their internal combustion engine (ICE) counterparts. So, with supply slim and prices high, is going electric necessarily the right choice for every motorist? Renault ZOE Z.E.40

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Blink Charging

DECEMBER 19, 2023

There were also two new EV tax credits that began in 2023 : the Used Clean Vehicle Credit, worth 30% of the purchase price up to $4,000, and the Commercial Clean Vehicle Credit, which is worth 30% of the total cost of the vehicle, up to $7,500 for light-duty vehicles under 14,000 pounds and $40,000 for all other EVs.

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Drive Electric

JANUARY 6, 2021

Financial incentives for battery electric vehicles will remain, including a rate of just 1% Benefit in Kind (BIK) company car tax from April 2021 for a period of 12 months. Jaguar Land Rover may have challenges due to having no lower price EV models to sell; £70,000+ sales are hard to come by in tough economic times.

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Electric Vehicles Petrol Vehicles Land Rover 98

My Energi

NOVEMBER 10, 2023

According to the results of a new YouGov survey commissioned by the National Franchised Dealers Association (NFDA), consumer acceptance of electric vehicles (EVs) continues to grow. To date this year, more than 260,000 BEVs alone have driven off dealer forecourts, with the Tesla Model Y now the fifth most popular new car in the UK.

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Petrol Financing Diesel All-Electric 52

The Truth About Cars

FEBRUARY 12, 2024

While we’ve seen some staggering high prices being entertained for EVs in need of a new battery pack this has to be one of more egregious examples on record. After taxes, that amounted to $71,208 and that’s before anyone bothered to factor in labor. The battery pack in an i3 consists of eight cells.

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BMW Batteries Battery Dealers 142

Blink Charging

OCTOBER 31, 2023

Federal Incentives for Purchasing an EV Among the federal government’s incentives for drivers, you can find tax breaks for both new and used EVs that are in place until the end of 2032. Beginning in 2024, the consumer clean vehicle tax credits can be available at the point of sale by transferring your credit to the dealership.

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Current EV

SEPTEMBER 7, 2020

Its 42-mile EV range, its 600-mile total range and relatively low price tag have made the PHEV an instant smash hit. With the demand enormous, dealerships are marking the cars up as much as $5K to $10K, and customers are paying the inflated prices, no questions asked. appeared first on Current EV Blog. Demand is intense.

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Miles PHEV Toyota Range 52

Blink Charging

SEPTEMBER 1, 2023

One Consumer Reports article on buying a car in August 2023 even recommended that drivers buy a used EV because “used EV prices have dropped 26 percent over the last year.” Now can buy a used EV and get used to it without having to commit to the higher price point. Learn more about the Used EV Tax Credit.

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EV Adoption

MARCH 9, 2021

EV Price Parity With ICE Vehicles Is Fast Approaching. A lot of electric vehicle observers, analysts, and pundits like to say that, “When electric vehicles reach price parity with ICE vehicles – it’s game over gas-powered vehicles.” But at many levels, price parity may be the easiest part of the EV adoption equation.

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The Truth About Cars

AUGUST 10, 2023

Those who follow the automotive industry will have undoubtedly noticed that dealer inventories are slowly approaching levels that would have been considered normal before the pandemic. However, government incentives (EV tax credits) have made them more attractive in the general sense. Their reasons span the gamut.

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Tony Karrer Delicious EVdriven

APRIL 21, 2009

is hoping to launch the Volt in late 2010 with a price tag of about $40,000. The high cost of manufacturing the Volt is exactly why the tax credits of $2500 for a vehicle with 4 kWh of battery capacity and $417 for every kWh over 4 (so that there is a $7500 credit for the Volt) were legislated. Point 2: I disagree with Sean @ 12.

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Tony Karrer Delicious EVdriven

APRIL 21, 2009

At these prices, people are buying the "environmental feature" -- they want to be among the first owners of the worlds cleanest extended-range vehicles. Drivers of converted cars have received high levels of cooperation from dealer service departments so far. Pricing from $8-15,000 for installed low-speed EV range of 8-24 miles.

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The Truth About Cars

SEPTEMBER 25, 2023

Nobody likes bureaucratic red tape or waiting on payment and this seems to have become a sticking point for retailers nervously waiting to see how the United States’ updated EV tax credit scheme plays out. Treasury Department said participating dealers will be able to register via an online IRS portal in the next few months.

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Cash For Clunkers Dealers Tax Credit Tax 78

The Truth About Cars

SEPTEMBER 29, 2023

But it should be good enough to warrant government incentives under the EV tax credit scheme. Pricing hasn’t been announced yet but everyone anticipates the 2024 Honda Prologue to start just above $46,000. Vehicle pricing has gotten notoriously difficult to predict recently but asking $55,000 for the Elite seems plausible.

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Honda Tax Credit Dealers Miles 64

Tony Karrer Delicious EVdriven

APRIL 16, 2009

At current transportation battery prices, that is well beyond the cost of spinning reserve. February 17, 2009 9:43 am Link No matter how you slice it we need a carbon TAX to accelerate all these important projects. The only question is a carbon TAX the kind of change Obama believes in. dealer network. — AH2 14.

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Cars That Think

OCTOBER 26, 2021

But as of this spring, the average new vehicle sold in America—across everything from large pickup trucks to small economy hatchbacks—the average transaction price was $42,000. There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment. So that's what it takes.

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Cars That Think

OCTOBER 26, 2021

But as of this spring, the average new vehicle sold in America—across everything from large pickup trucks to small economy hatchbacks—the average transaction price was $42,000. There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment. So that's what it takes.

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Electric Vehicles Charging Vehicles Electric 86

Tony Karrer Delicious EVdriven

APRIL 21, 2009

Until then, we also recommend you look at the FAQ at the Climate Progress Blog and the FAQ by Hybrids-Plus , an after-market converter of hybrid cars, for answers to many questions! We wont know how dealers will respond to service requests until we start driving converted cars. Better yet, make a tax-deductible contribution.

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PHEV Nickel Metal Hydride Prius EPRI 37

EV Match

AUGUST 29, 2022

In our latest blog post, EVmatch advisor Jeff Pickett takes a deep dive into the landmark bill, looking at what the IRA means for climate change mitigation and the EV industry. And what about changes to the EV tax credit? Taking an even more granular view, changes to the longtime $7,500 EV tax credit are welcome, but quite complex.

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Tony Karrer Delicious EVdriven

APRIL 21, 2009

Establishing dealer network. People will likely not buy plug-ins without big federal tax breaks." ( Reuters ) 11/29/06 [In response to GMs announcement at the LA Auto Show], Ford Group marketing manager Cisco Codina said the answer for now is full hybrids, like the latest version of its Ford Escape hybrid SUV unveiled at the show. (

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The Truth About Cars

MAY 14, 2024

While EVs are starting to see some pretty juicy discounts on dealer lots, they’re still saddled with above-average MSRPs. However, there’s still a good bit of infighting within the Republican party on this due to the fact that there’s a lot of industrial lobbying taking place.

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Charging Tax Credit Building Ohio 104