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Upcoming Changes to the Clean Vehicle Tax Credit Explained

Blink Charging

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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How Do the Used and Commercial Clean Vehicle Tax Credits Work?

Blink Charging

Usually when discussing federal electric vehicle tax credits in the United States , most people are referring to the Clean Vehicle Credit (formerly the Qualified Plug-in Electric Drive Motor Vehicle Credit) for new EVs. But that’s not the only federal tax credit for buying an EV.

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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates

EV Life

However, in California, as gas prices have soared and EV technology has continued to improve, we’ve started to see larger fuel savings on the back end, greater accessibility to charging stations, and a jump in electric vehicle popularity. Any unused funds are not available as a refund or to be used on the following year’s taxes.

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Nissan Sets US MSRP for 2011 LEAF EV at $32,780; As Low as $25,280 with Federal Tax Credit

Green Car Congress

(NNA) set the US MSRP for the 2011 Nissan LEAF electric vehicle, which becomes available for purchase or lease at Nissan dealers in select markets in December and nationwide in 2011, at $32,780. In tandem with the purchase process, Nissan will offer personal charging docks, which operate on a 220-volt supply, as well as their installation.

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These are the best 2024 Memorial Day EV deals so far

Baua Electric

That’s a hefty interest rate cut from the previous 6.49%, effectively lowering the cost of a Model Y purchase by $8,000. CarsDirect reported earlier in May that the $7,500 federal tax credit can make the Model Y $9,000 cheaper than a Model 3. Click here to find a local dealer that may have the Tesla Model Y in stock.

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These are the best 2024 Memorial Day EV deals so far

Baua Electric

Click here to find a local dealer that may have the 2023 Mercedes-Benz EQB-Class in stock. That’s a hefty interest rate cut from the previous 6.49%, effectively lowering the cost of a Model Y purchase by $8,000. That’s a hefty interest rate cut from the previous 6.49%, effectively lowering the cost of a Model Y purchase by $8,000.

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Blink’s 2023 Year in Review

Blink Charging

2023 is nearly at its end, and the Blink team is working hard to bring EV charging everywhere. In our Third Quarter 2023 Earnings Report , we proudly announced that Blink has successfully contracted, sold, or deployed nearly 85,000 charging stations since its inception, following two consecutive quarters of regular growth.