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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Blink Charging

FEBRUARY 23, 2023

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. First, the easy part: How do I claim the $7,500 EV tax credit?

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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., Both are working toward bringing EV production to the U.S.,

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The Truth About Cars

FEBRUARY 14, 2024

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. The Model 3 is now the same cost as the Model Y, moving it away from the impressive price point it had for much of last year.

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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.

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The Truth About Cars

APRIL 24, 2024

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. The recently updated Model 3 lost tax credit eligibility in lower configurations, but the fresh Performance variant qualifies.

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The Truth About Cars

APRIL 19, 2023

That’s changing, as the automaker has cut prices more than once in 2023, with the latest round of decreases landing this week.& & Tesla cut prices for the base Model 3 by $2,000, bringing it below $40,000, but the Performance model didn’t see a reduction. Pricing for the Model S and Model X did not change.

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The Truth About Cars

MARCH 8, 2024

4 range, it remains the only European EV that qualifies for federal tax credits in the United States. VW started building the SUV in Tennessee and sources batteries from SK On, giving the vehicle full access to the $7,500 credit. Though it’s disappointing that VW didn’t make more substantive changes to the entire ID.4

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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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Blink Charging

APRIL 4, 2023

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. Limited time to claim tax credits for EV fleets There are currently numerous incentives to purchase EVs and EV charging equipment.

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Blink Charging

MARCH 31, 2022

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. How does the price of fuel and the price of recharging compare? It found the average price to recharge an EV is $0.15 Concerned about the difference in sticker price?

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The Truth About Cars

APRIL 23, 2024

At around $70,000 to start, the brand’s R1T pickup and R1S SUV are out of reach for most buyers, even after the $3,750 federal tax credits for some models. Oh, and you’ll have to trade in a gas vehicle to get the price cut. Of course, discounts don’t usually come without terms attached, and Rivian is no exception.

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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. The 2RS trim will be the first to land, carrying a starting price of $48,995 with FWD and $52,395 with AWD.

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The Truth About Cars

APRIL 5, 2024

Despite only releasing pricing for the EV in January, CarsDirect reported that Toyota’s lease deal cuts monthly lease payments down to $299 per month for a 36-month lease with $3,999 down. It’s also eligible for federal tax credits, which makes it an even more compelling option.

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The Truth About Cars

NOVEMBER 6, 2023

The report noted that Tesla plans to build a car with a 25,000-Euro starting price, or just shy of $27,000. 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. Image: gofra/Shutterstock.com] Become a& TTAC insider.

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The Truth About Cars

OCTOBER 27, 2023

Ford said it would delay some of the planned EV investments after seeing less demand and more price pressure than expected. billion before taxes and interest, and Ford noted a $4.5 Ford said consumers are unwilling to pay more for an EV than a comparable internal combustion vehicle, putting significant downward pressure on pricing.

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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. That said, there is still the matter of Chinese tariffs, which can add thousands to the price of a new EV as it enters the United States. by 2025 or shortly after.

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The Truth About Cars

APRIL 24, 2024

That said, the price isn’t terrible by current EV standards, starting at $47,200 with leases at $429 monthly. Leasing EVs can also be a loophole in the federal tax credit rules, making the VF 8 slightly more attractive for buyers. Image: VinFast] Become a& TTAC& insider.

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The Truth About Cars

JUNE 20, 2023

For a while, it seemed like Tesla would never stop raising prices, but earlier this year, the numbers started falling. The automaker often offers price cuts and bonuses as it nears the end of a sales quarter to boost numbers. Image: Tesla] Become a& TTAC insider.

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The Truth About Cars

MAY 23, 2023

Buyers lucky enough to get a new EV from the automaker were flipping their cars for way more than the asking price, and many people overpaid as a result. Tesla started cutting prices earlier this year, making all models more attainable, and now the company has slashed the price of an entry-level Model 3 to below $40,000.

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The Truth About Cars

OCTOBER 20, 2023

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. While the vehicles might be worth their deep-six-figure price tags, they face an uphill battle against cheaper EVs with comparable performance.&

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The Truth About Cars

JULY 12, 2023

Part of the issue with some EV models is their sky-high price tags, and the most expensive models aren’t eligible for government tax credits. That said, EV prices are becoming more reasonable, and analysts expect them to reach price parity with gas vehicles by 2025, so these numbers could look very different in a year or two.&

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The Truth About Cars

JANUARY 30, 2024

Volvo had already delayed the EX90 because of software problems with its LiDAR system, but the EX30 is expected to be the automaker’s volume EV, as its price starts at around $35,000. after Volvo gets the EX90 rolling at its South Carolina factory, which will open at least partial EV tax credit eligibility for both models.

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The Truth About Cars

JANUARY 10, 2024

Pricing for the cars remains the same as last year, but the range for the Long Range model is up to 341 miles, eight better than the previous car. That said, there’s no mention of tax credits for the car, though buyers can still get a credit by leasing. The entry-level rear-drive model’s range stayed flat at 272 miles.

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The Truth About Cars

MAY 3, 2023

Things change quickly at Tesla, including pricing and the models it sells. The Model 3 Performance remains the range-topper, bringing more power, different brakes, and a much higher price tag.& CEO Elon Musk cited the car’s extended wait list as the reason behind its disappearance last August.

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The Truth About Cars

DECEMBER 27, 2023

That could raise EV prices initially, as much of the existing sourcing and refining infrastructure lies in China, and upcoming changes to the tax credit rules will make vehicles with Chinese-sourced or refined materials ineligible. As The Washington Pos t points out, the U.S. Image: Chevrolet] Become a& TTAC insider.

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The Truth About Cars

JUNE 8, 2023

If you’re shopping on price alone and live in California, the choice might become a lot simpler after this news. The base Model 3 starts at $40,240, which can drop as low as $25,240 after accounting for the $7,500 federal EV tax credit and the $7,500 California tax credit.

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The Truth About Cars

SEPTEMBER 14, 2023

& 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. Interestingly, Ford, Hyundai, and Kia all saw slower growth earlier this year, and Ford trailed Chevy for new EV registrations by almost 6,000 units.&

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The Truth About Cars

NOVEMBER 29, 2023

makes it eligible for tax credits and more attractive to buyers. An improving charging network and slowly falling prices should help, but goals aside, Mercedes needed the cheaper model to remain competitive. Beyond logistics, the move makes great financial sense for Mercedes.

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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. Average vehicle purchase prices in the U.S. have ballooned, reaching nearly $50,000, out of reach for a significant chunk of the country.

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The Truth About Cars

JULY 25, 2023

With incentives and tax credits, the final price could be much lower than that, making it the most affordable new EV on sale now. .& While yet another cookie-cutter electric car might not sound that exciting, the Bolt is a breath of fresh air in an EV market that increasingly seems targeted only at the rich.

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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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Blink Charging

OCTOBER 11, 2023

You can find incentives such as: Tax credits – These incentives lessen the amount of taxes that must be paid to the government for specific purchases. It equals the lesser of: 30% of your basis in the vehicle (total cost after taxes and registration). Technology and market readiness resources.

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Blink Charging

NOVEMBER 9, 2023

In this blog, we will explore the advantages of both owning and leasing a commercial electric fleet. The decision to purchase or lease electric vehicles (EVs) for your commercial fleet depends on several factors, such as whether you want to own your capital assets versus maintaining a more flexible cash flow.

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Blink Charging

OCTOBER 27, 2023

We’ve discussed on this blog the numerous advantages of installing EV chargers at your commercial property. Look for a comprehensive charging network that provides you with the ability to easily control all of your chargers, including pricing and access. Consider network capabilities Finally, consider the EV charging network itself.

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Blink Charging

NOVEMBER 15, 2023

As mentioned in an International Parking and Mobility Institute (IPMI) blog , “parking revenues can return 50 to 65 percent net margins and can provide a much-needed cushion for an ailing budget.” This credit extends until the end of 2032. Read our deep dive about how this EVSE tax credit works.

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The Truth About Cars

FEBRUARY 1, 2024

About half of all dealerships also said they never bothered to register with the IRS to more easily facilitate EV tax credit exchanges. Rising MSRPs were also a concern, with many noting EVs tend to trade at prices far higher than their combustion-driven counterparts and are likewise worse at holding their resale value.

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