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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?

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What EV Drivers Should Know About Leasing an EV This Year

Blink Charging

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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Driving Dystopia: Pickup Sales Are Probably Going to Decline in the UK

The Truth About 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. For corporate automobiles that also see private use, benefit-in-kind taxes are calculated as a perk on top of the base salary.

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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.

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5 Ways Owning an EV Can Save You Money

Blink Charging

For the time being, some electric vehicles (EVs) are more expensive to buy than their internal combustion engine (ICE) counterparts. Of course, you still have to purchase the vehicle, but the federal government will give you a tax credit of up to $7,500 if you and the vehicle both qualify for it. cents per kilowatt hour (kWh).

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No Hybrid Ford Explorer or Lincoln Aviator for the 2024 Model Year

The Truth About Cars

As a plug-in hybrid, it offered a dozen or so miles of all-electric driving range and a significant boost in power over the trims that don’t include the words “Grand Touring.” The Explorer SUV was previously offered with a hybridized 3.3-liter liter V6, whereas the Aviator Grand Touring came with a hybridized twin-turbo 3.0-liter

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5 Myths About EV Charging – Busted!

Driivz

BUSTED: Even including the electricity used for charging, EVs have a smaller carbon footprint than gasoline-powered internal combustion engine (ICE) vehicles. Without smart energy management, everyone plugging in at the same time could overload the building’s power supply. MYTH 2: EV drivers suffer from range anxiety.