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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. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. It does not act as a rebate (until 2024).

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Which EVs Still Qualify for Federal Tax Credits?

The Truth About Cars

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. It’s a very different situation from the 200,000-unit-per-automaker sales quota that has been supplanted.

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The Brand-New Tesla Model 3 Performance Already Got a Price Bump

The Truth About Cars

This will come as no surprise to anyone, but Tesla is yet again changing its prices, though this time it’s on a less-than-week-old vehicle. Tesla made some options cheaper while increasing the overall price, as the black paint color and interior color upgrades are $500 less expensive. Image: Tesla] Become a& TTAC& insider.

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Elon Musk Continues Insulting Biden Admin’s EV Tax Credit Scheme

The Truth About Cars

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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Tesla Temporarily Cut Model Y Pricing

The Truth About Cars

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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Tesla May License FSD to Other Automakers - Maybe

The Truth About Cars

Tesla recently slashed the price of its Full Self-Driving assistance feature, and it now appears the automaker is taking steps to expand its reach to other OEMs. CEO Elon Musk recently confirmed the move, saying Tesla was in talks with at least one “major automaker” about a licensing deal for the tech.

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Tesla's Model 3 Long Range Got a Price Hike

The Truth About Cars

Tesla made news on several occasions last year for cutting prices on the Model 3 sedan, but the automaker appears to have reversed course with the introduction of the car’s 2024 refresh. Tesla has not yet introduced a Model 3 Performance with the updated design. Image: Tesla] Become a& TTAC& insider.

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