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Don’t Worry If Your Favorite GM EV Doesn’t Qualify For A Federal Tax Credit

CleanTechnica EVs

You’ve probably been frustrated this week if you were waiting for 2024’s cash rebate program to buy a General Motors. continued] The post Don’t Worry If Your Favorite GM EV Doesn’t Qualify For A Federal Tax Credit appeared first on CleanTechnica.

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GMC Sierra EV, Lucid Air, cold-weather EV range, tax-credit stalls: Today’s Car News

Green Car Reports

The EV tax credit could be stalled for months in the Senate. The Lucid Air is a Best Car To Buy Finalist. General Motors’ GMC truck brand yesterday teased the all-electric version of its Sierra. We get a first look at an all-electric GMC Sierra. And how much does cold weather affect EV range?

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

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BMW is Willing to Pay to Attract Customers from Other EV Brands

The Truth About Cars

Legacy automakers like Ford and General Motors are in the hunt, but so far, no one has been able to topple Tesla’s top spot. BMW is hoping to take some of the shine off of Tesla’s crown with a new incentive that gives buyers a $1,000 discount to buy one of its new EVs.

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GM confirms it will reach EV tax credit ceiling this year—then phaseout begins

Green Car Reports

Beginning next April, buyers of General Motors’ electric vehicles and plug-in hybrids won’t be getting the same break on their purchase as those who buy those vehicles from any other brand. Any other brand but Tesla, that is.

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Tesla May License FSD to Other Automakers - Maybe

The Truth About Cars

If it moves forward, the deal could help other automakers compete against Ford, General Motors, and Mercedes-Benz, which offer well-established competitors to FSD. The recently updated Model 3 lost tax credit eligibility in lower configurations, but the fresh Performance variant qualifies.

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Volkswagen aims for sub-$35,000 EV in the U.S.

Teslarati

However, there are still plenty of car buyers who have no intentions of buying an EV, and price is still a big issue for people moving forward, although they have come down substantially. General Motors has its Chevy Bolt EV that hit a sub-$30,000 price tag , and Tesla is moving toward $30,000, but only after federal and state incentives.