Cars Dealers North America Tax Credit 
Teslarati
NOVEMBER 29, 2023
One of the biggest concerns about the IRA’s requirements for EV tax credit eligibly regards battery packs, cells, and the materials used to manufacture them. In March, the United States Department of Treasury published the battery sourcing guidance, which automakers must comply with to reap the tax credits from the IRA.
Teslarati
JANUARY 11, 2024
“I went to my accounting department and asked what is the cost of selling a car? We decided we would rather give that money to a dealer so that we could expand faster,” said Henrik Fisker, the CEO, President, and Chairman of the EV startup. Fisker wants auto dealers to sell the company’s all-electric Ocean crossover.
EV Life
OCTOBER 7, 2023
The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.
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.
EV Life
OCTOBER 21, 2023
As we enter the age of the electric car, federal and state governments have created a variety of programs , rebates, and grants to incentivize drivers to make the switch to zero-emission vehicles. Two sections of the law, 30D and 45W, detail individual tax credits and commercial tax credits, respectively.
Blink Charging
DECEMBER 19, 2023
Specifically, BlueLA powered by Blink Mobility prioritizes affordable EV car sharing in cities, while Envoy concentrates on offering sharing services as an amenity in apartments, hotels, and workplaces. Like the tax credit for new EVs, the used EV tax credit included an AGI cap and must be sold by a licensed dealer.
Baua Electric
JANUARY 25, 2024
The company saw solid sales growth across key markets, including North America, Europe, and India. Hyundai expects to sell around 300,000 electric cars in 2024, or about 12% growth from last year. Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit.
Expert insights. Personalized for you.
99 
Let's personalize your content