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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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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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. But it’s kind of a clunky interface so we’re just going to list them here for you.

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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.,

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The Truth About Cars

FEBRUARY 12, 2024

The Tesla Model Y is the world’s best-selling electric vehicle, but that hasn’t stopped the automaker from exploring new ways to boost buyer interest. 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.

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Blink Charging

JANUARY 19, 2024

Electric vehicle (EV) adoption is increasing. Cox Automotive forecasts a notable surge in electric vehicle adoption, projecting a rise from 7.6% Seize the opportunity to explore, test, drive, and consider an electric vehicle for your next ride as manufacturers expand their product lines to meet growing consumer demand.

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The Truth About Cars

MARCH 13, 2024

It was easy to make fun of Dodge and the “fake” exhaust it chose to employ on the new Charger EV, but it’s no longer the only one trying to capture the thrill of a performance gas engine with a silent electric powertrain underneath. That said, GM hasn’t had the smoothest rollout with its other electric models.

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EV Club of CT

AUGUST 19, 2022

Post by Barry Kresch Tax Credit for Purchase and Installation of an EV Charger The recently passed Inflation Reduction Act has amended US Code 26, Section 30C to reinstate a tax credit for the purchase. Read more.

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Blink Charging

APRIL 4, 2023

The best time to transition your business vehicle fleet from internal combustion engine (ICE) vehicles to electric vehicles (EV) is now. 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.

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The Truth About Cars

JANUARY 11, 2024

The company announced that it would buy tens of thousands of electric vehicles from Polestar, BMW, Chevrolet, Tesla, and others and had aimed to purchase 100,000 Teslas by the end of 2022. While that splashy announcement likely netted the company new customers, it now has hundreds of EVs on sale as it moves to scale back its fleet.

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The Truth About Cars

MAY 11, 2023

The Solterra is an electric SUV for outdoorsy types, and while it might satisfy the brand’s loyal customers, it’s not quite enough to make Subaru a competitive force in the EV market. 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.

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The Truth About Cars

MARCH 6, 2024

While not currently eligible for federal tax credits, BMW’s EVs can be leased to receive the $7,500 discount others get. Kia recently announced $5,000 off the brand-new EV9, and General Motors has discounted some of its models that lost federal tax credit eligibility. Image: BMW] Become a& TTAC& insider.

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Baua Electric

FEBRUARY 29, 2024

Is Hyundai developing a luxury electric sedan? Hyundai was recently spotted testing a Lucid Air electric sedan in South Korea, suggesting a high-end Hyundai EV could be in the works. According to Kelley Blue Book data, Hyundai’s IONIQ 5 electric SUV was the sixth best-selling EV in the US last year, with nearly 34,000 registrations.

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EV Club of CT

NOVEMBER 5, 2023

IRA Incentive Update – Transfer Provision Goes Into Effect in January A Tax Credit Becomes a Point of Sale Rebate The transfer provision of the federal IRA EV incentive is scheduled to go into effect. Read more

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The Truth About Cars

NOVEMBER 6, 2023

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. The report noted that Tesla plans to build a car with a 25,000-Euro starting price, or just shy of $27,000.

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The Truth About Cars

AUGUST 2, 2023

Toyota will build the vehicle in its Kentucky factory, where its own electric three-row will be produced. 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. The brotherly love is expected to continue with a new three-row SUV in 2025.

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The Truth About Cars

APRIL 5, 2024

It’s also eligible for federal tax credits, which makes it an even more compelling option. Ford recently announced that it would pause development of its new electric SUV and pickup truck to focus on hybrid offerings, and General Motors made a similar announcement a few months back. Image: Toyota] Become a& TTAC insider.

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EV Club of CT

JANUARY 30, 2024

This allows the buyer to transfer the tax credit to the seller and take the incentive as, Read more Fisker Ocean pictured above Transfer Provision Details The transfer provision is now in place for the federal incentive.

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The Truth About Cars

FEBRUARY 9, 2024

The latest might be the 600e , or Scorpionissima, an all-electric hatchback with ties to the vintage Fiat 600 from decades ago. Underneath, the car features an electric powertrain making 240 horsepower, which should be more than enough to make it feel extremely lively. market, but things are starting to heat up.

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The Truth About Cars

JANUARY 19, 2024

After facing significant challenges ramping up production and meeting customer demand for the F-150 Lightning, Ford recently announced layoffs that will drastically cut volume at its electric vehicle factory in Michigan. Even with tax credits for some models, many EVs are significantly more expensive than their gas-powered counterparts.

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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. The country’s electric vehicle industry has grown rapidly in recent years, as government subsidies and other incentives have driven research and development of new models. others might.

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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. There are very few electric models anyone could consider affordable, and some are remarkably more expensive than comparable gas models.

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EV Connect

SEPTEMBER 11, 2023

As electric vehicles (EVs) gain popularity, governments and utility companies are actively encouraging their adoption by offering a range of incentives. In this blog post, we will provide an overview of these incentives, including eligibility requirements and application procedures.

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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. Kia hasn’t detailed the car’s styling or specs, but we know it will use a less expensive electrical architecture than the automaker’s larger EV6 and EV9 models.

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The Truth About Cars

OCTOBER 27, 2023

The automaker’s earnings fell short of expectations, and it saw continued losses from its electric vehicle business. Ford already noted losses in its EV business, and we’ve seen multiple changes in its pricing and production strategies for the F-150 Lightning, indicating that demand for the electric pickup is fluctuating.

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Blink Charging

MARCH 31, 2022

Plenty of drivers, however, are looking at a more permanent option – electric vehicles. Electric Vehicles by the Numbers. Also, expect to pay twice as much at a public charger because businesses don’t benefit from low residential electricity rates. Electric Vehicle Rebates, Grants, Incentives. Absolutely!

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Blink Charging

DECEMBER 19, 2023

The North American electric vehicle industry made a monumental shift in the summer of 2023, and Blink is proud to respond with our state-of-the-art charging stations. Major Legislation that Changed the Industry Finally, 2023 saw major changes to the consumer and business incentives for electric vehicles and EV charging.

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The Truth About Cars

DECEMBER 28, 2023

EVs are entirely too expensive, and tax credit rules are confusing, making it difficult for the general car-buying public to afford an electric car and then understand how it impacts them financially going forward. Image: Iryna Imago via Shutterstock] Become a& TTAC insider.

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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. Despite growing in number and popularity, EVs are still too expensive, and most are significantly pricier than comparable gas models.

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Blink Charging

OCTOBER 11, 2023

Between the United States federal government, state, and local governments; power companies and utilities; and air pollution control districts, there are hundreds of incentives for fleet owners to switch from internal combustion engine vehicles to electric vehicles (EVs). Where is Blink a verified supplier? Research and other resources.

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The Truth About Cars

DECEMBER 27, 2023

The Washington Post recently reported on some of the “dirty parts” of EV manufacturing, and it paints a picture of challenges ahead as more people look to make the shift to electrics. EV batteries weigh hundreds of pounds and require several minerals and other materials that have to be mined. As The Washington Pos t points out, the U.S.

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The Truth About Cars

SEPTEMBER 14, 2023

But, while it’s true that electric vehicles still make up a tiny portion of the overall market, their numbers are growing. & Analysts credit Tesla’s price cuts as driving its success and have noted the automaker’s regaining access to federal tax credits as another significant sales driver.

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The Truth About Cars

JULY 12, 2023

We’ve been hearing about the rise of electric vehicles for years, but while they are growing rapidly in number, there’s still a disconnect between an auto industry hell-bent on electrification and the desires of the people they rely on to buy new cars.

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The Truth About Cars

NOVEMBER 29, 2023

The automaker is eying plans to move production of the flagship EQS electric SUV to Germany to make room at its Alabama facility for a higher-volume EV. makes it eligible for tax credits and more attractive to buyers. Beyond logistics, the move makes great financial sense for Mercedes.

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The Truth About Cars

OCTOBER 20, 2023

Lucid will pull back the curtain on the Gravity, an ultra-plush electric SUV that promises staggering performance and a deluxe interior. The Air is too expensive to qualify for government tax credits, and other automakers are closing in on its performance and range, sometimes at lower price points.

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The Truth About Cars

AUGUST 23, 2023

Kia currently builds the EV6 in South Korea and needs a North American manufacturing location for its vehicles to qualify for federal tax credits. Electric vehicles haven’t helped the trend, and despite the fact that they’re becoming more affordable over time, they are still more expensive than their gasoline-powered counterparts.

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