article thumbnail

New Jersey Approves Additional EV Road Use Taxes

The Truth About Cars

As more electric vehicles hit the roads, states are grappling with the change in tax revenues they’re seeing as a result. EV buyers don’t pay gas taxes, slashing millions out of state highway budgets and making it hard to afford planned improvements.

article thumbnail

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. 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?

article thumbnail

kWh Billing and New EV Charging Tax Policies: What You Need to Know

Blink Charging

The electric car market is experiencing massive growth, exceeding 10 million in sales in 2022. As a result, regulations and guidelines related to electric vehicles are changing frequently, and consumers and charging station hosts must be aware of new developments.

Tax 52
article thumbnail

Electric Vehicles Could be your Solution to the Current Gas Prices

Blink Charging

Gas prices are at nearly their highest point in history, and some owners of larger vehicles are ready to trade them in for vehicles with better gas mileage. Plenty of drivers, however, are looking at a more permanent option – electric vehicles. Electric Vehicles by the Numbers. Electric Vehicles Vs Competition.

article thumbnail

European Emissions Regulations Drive the Toyota GR Yaris' Price Up By Almost 100 Percent

The Truth About Cars

Strict climate-related regulations on the Old Continent mean that gas vehicles – even those that we consider relatively efficient here – are extremely expensive and difficult to find. Electric vehicles have become an unnecessarily politicized product in the U.S., Image: Toyota] Become a& TTAC& insider.

Toyota 91
article thumbnail

Why Fleet Owners Are Electrifying Their Vehicles This Year

Blink Charging

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.

Fleet 92
article thumbnail

Ford Slashing F-150 Lightning Production and Laying Off Most of the People Building It

The Truth About Cars

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.

F-150 105