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Tesla embraces new immediate EV tax credit system

Teslarati

Tesla has embraced the new immediate use of the EV tax credit, which was announced last year by the IRS and Department of the Treasury. In October , the IRS and Department of the Treasury announced that it would issue new guidance regarding the EV tax credit, with the changes taking effect in 2024. Buying an EV?

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Tesla models eligible for IRA tax credits in 2024

Teslarati

As everyone greets the new year, Tesla updated its website according to the Inflation Reduction Act’s (IRA) requirements for the electric vehicle (EV) tax credits. Most of Tesla’s other models—including the Model X—are eligible for the full tax incentives. The Teslarati team would appreciate hearing from you.

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EVs in demand! BYD Atto 3 and Tesla Model 3 fastest-selling used cars in Australia

EV Central

Fresh data reveals used electric vehicles are now in high demand as buyers look to cash in on low retained values and tax benefits related to novated leasing. The automotive data analytics expert AutoGrab has released figures showing the BYD Atto 3 and Tesla Model 3 were the fastest-moving of any used vehicles through dealerships in March.

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VW ID.4 tax credit, Porsche SUV price, Model Y tops sales charts, Lucid rival: Today’s Car News

Green Car Reports

Tesla has the top-selling vehicle on the planet, it claims. 4 EV buyers will be able to claim the full EV tax credit. This and more, here at Green Car Reports. 4 models qualify for the $7,500 EV tax. Lucid teases a Model Y rival. Porsche puts a price on its electric SUV. And many VW ID.4

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Tesla starts applying EV tax credit at time of purchase

Baua Electric

Fewer Tesla EVs now qualify for the $7,500 federal EV tax credit, but for those that do, Tesla is now applying the credit at the time of purchase. Tesla federal EV tax credit eligibility (Jan. 2024) Those that receive a point-of-sale credit but exceed those income caps will have to pay Tesla back.

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Tesla and EV dominance in Norway causes shortage of fossil fuel cars to tax

Teslarati

Tesla and other electric vehicles are beginning to dominate the roads in Norway, leaving very few internal combustion engine (ICE) cars to tax. Last month, 11,579 new passenger cars were registered in Norway, 1,369 (-10.6%) fewer cars compared to October 2020, as per the Norwegian Road Traffic Information Council (OFV). .

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EV tax credit goes point-of-sale, utility-meter home charging, Florida infrastructure: Today’s Car News

Green Car Reports

And a re-upped EV tax credit could give an immediate boost to GM and Tesla. This and more, here at Green Car Reports. The EV tax credit expansion is back, and it’s once again a possibility. Siemens aims to manufacture a workaround for EV-charger home electrical-panel upgrades. Under a Senate.