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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.

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Fixing the Federal EV Tax Credit Flaws: Redesigning the Vehicle Credit Formula

EV Adoption

The Qualified Plug-In Electric Drive Motor Vehicles (IRC 30D) tax credit – commonly referred to as the “Federal EV tax credit” has a number of flaws, but one of the biggest is the poorly-designed formula that determines the amount of the tax credit available for each BEV and PHEV sold in the US.

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UC Davis ITS study suggests hastening consumer adoption of plug-ins will require innovation on the sales side

Green Car Congress

The SSI study captures 12 different PEV models from eight vehicle manufacturers, including GM (Chevrolet Volt); Nissan (LEAF); Tesla (Model S); Ford (Focus EV, C-Max Energi and Fusion Energi); Honda (Fit EV and Accord PHEV); Toyota (Prius Plug-in and RAV4 EV); Mitsubishi (i-MiEV); and Daimler (Smart Fortwo ED). —Cahill et al.

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Education key in WM Motor’s plan to create a second-hand EV trading platform

China EV

One thing that put a lot of downward pressure on used EV (and here I am referring only to BEVs), she said, is incentives. BEVs can qualify for up to $7,500 in federal tax credits. The arrival of the Chevrolet Bolt was a turning point, she said. Crane has a lot of insight into residual values for the U.S. In the U.S.,

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GM says its new Chevy Bolt EV will save billions with more affordable LFP batteries

Baua Electric

2023 Chevy Bolt EUV (Source: Chevrolet) Although GM was disappointed with the production of Ultium models in 2023, the company has made “substantial improvements,” according to Barra. 2023 Chevrolet Bolt EUV Redline Edition (Source: GM) Jacobson claims the move will save GM billions of dollars. Chevy Equinox EV 2LT $43,295 319 mi 17.7″

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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

Federal EV Tax Credit. To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car. The tax credit depends on the manufacturer you choose and vehicle battery.