EV Adoption

NOVEMBER 26, 2021

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

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Tax Credit Tax F-150 PHEV 116

Green Car Reports

NOVEMBER 30, 2018

Members of the lame-duck Congress all got letters on their desks Tuesday stating why the electric-car tax credit should be revised and extended.

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Tax Credit Tax Congress Plug-in 111

EV Adoption

AUGUST 18, 2021

When Congress comes back in September from its August recess, members will be faced with legislation that needs to be finalized and then voted on, including the Clean Energy Act for America (CEAA). It is unclear how Tesla and GM will address this retroactive credit availability for leased EVs. Overview of the Changes.

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Tax Credit Tax Parts GM 105

EV Adoption

AUGUST 4, 2022

Additionally, the IRA could actually receive enough votes to pass, but not without potentially several significant changes — including to some of the EV tax credit requirements. While not a certainty, it looks like the Act will have enough votes to be approved over the weekend. Joe Manchin, via the Wall Street Journal.

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Tax Credit Tax North America America 98

Plug in America

JANUARY 5, 2021

If you purchased a new electric vehicle (EV) or charging equipment in 2020, you may be eligible to receive valuable tax credits. If you have questions regarding these tax credits, we recommend that you consult your tax advisor. Use IRS Form 8911 to claim this credit. Use IRS Form 8911 to claim this credit.

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Tax Credit Tax Electric Vehicles Charging 74

Teslarati

APRIL 7, 2022

Toyota will soon join Tesla and General Motors as automakers that no longer qualify for the $7,500 electric vehicle tax credit. After electric vehicle manufacturers reach 200,000 unit sales, they no longer qualify for the EV tax credit. Tesla sold over 310,000 EVs in Q1 2022 after releasing its delivery figures last year.

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Tax Credit Tax Toyota GM 98

Green Car Reports

JANUARY 8, 2019

For a bunch of electric-car owning acolytes, our readers are surprisingly sanguine about the reduction and eventual expiration of plug-in tax credits on electric-car sales. We've reported extensively on the expiring tax credits, which will affect models from Tesla and GM in 2019.

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Tax Credit Tax Plug-in GM 68

Green Car Reports

APRIL 5, 2019

Now that the federal plug-in tax credit has begun to wind down on the U.S.-made made Chevrolet Bolt EV, members of Congress propose to do something about it.

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Tax Credit Tax Congress Chevrolet 77

EV Adoption

SEPTEMBER 7, 2021

One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. How the Current Tax Credit Works For EV Buyers.

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Tax Credit Tax Parts Purchase 59

Green Car Reports

DECEMBER 14, 2017

income-tax credit for purchase of a plug-in electric vehicle will not be killed after all. We'll likely never know whether it was the influence of auto lobbyists, pressure from the actual public, or a letter signed by two dozen mayors. But however the sausage was made, it appears that the U.S.

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Tax Credit Tax Electric Cars Plug-in 115

Green Car Congress

AUGUST 30, 2015

A working paper by a team at the Energy Institute at Haas, University of California, Berkeley, has found that 60% of the $18 billion in US federal income clean energy tax credits issued between 2006 and 2012—e.g., Electric Vehicle Credit. Average credit per tax return, by income level. Click to enlarge.

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Tax Credit 2006 Tax Plug-in 150

Charged EVs

SEPTEMBER 22, 2022

The recent passage of the Inflation Reduction Act—a sweeping package of tax, health care and climate measures—was like the happy ending to one of those heartwarming “Save Christmas” stories. Credit where credit is due. The revamped tax credit scheme is clearly a great improvement over its predecessor.

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Tax Credit Tax North America Clean 66

EV Adoption

APRIL 4, 2021

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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Tax Credit Tax PHEV Vehicles 69

Green Car Congress

DECEMBER 12, 2013

The US Department of Energy (DOE) announced $150 million in clean energy tax credits to 12 businesses to build US capabilities in clean energy manufacturing; $98 million of that goes to five automakers and suppliers towards investments in domestic manufacturing equipment. Funded at $2.3 Lead organization. Description. 30 million.

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Tax Credit Tax Clean Cleaning 218

Baua Electric

MARCH 16, 2024

In a review of the 2024 Volvo XC90 Recharge , GCR found that this already appealing Swedish SUV package adds more electric range, more power, and more refinement, making it now a nearly ideal pick for families who aren’t always sure about where they’ll be plugging in on the go. With the recent addition of the Volkswagen ID.4

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Tax Credit Recharge Tax Volvo 52

Green Car Reports

JANUARY 16, 2018

Rather to the surprise of electric-car advocates, the massive tax bill passed by the U.S. Congress in December did not eliminate the federal tax credit for purchase of a plug-in electric vehicle. That credit lets buyers take a credit of $2,500 to $7,500 on their income-tax filing in the year of purchase.

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Tax Credit Tax Electric Cars Congress 77

Green Car Reports

APRIL 11, 2019

With a new bill in Congress, the effort to extend EV tax credits no longer comes just from Democrats. Volvo announces new high-performance plug-in hybrids. Infiniti unveils its new electric sports sedan. Tesla and Panasonic are reportedly shelving plans to further expand their lithium-ion battery Gigafactory.

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Tax Credit Infinity Tax Volvo 63

Green Car Congress

JULY 24, 2012

Its eligibility for a $3,750 federal tax credit drops that to $29,995. The base MSRP for the Prius Plug-in Hybrid is $32,000. The Prius Plug-in Hybrid Advanced will have an MSRP of $39,525. Both Prius Plug-in models qualify for a federal tax credit of $2,500.

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Tax Credit Plug-in Tax Ford 268

Green Car Congress

DECEMBER 19, 2013

introduced the latest in a series of discussion drafts to overhaul the US tax code. This new staff discussion draft focuses energy tax policy on stimulating domestic, clean production of electricity and transportation fuels, which account for 68% of energy consumed in the US. Specific proposals include: Clean electricity tax credit.

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Tax Tax Credit Clean Cleaning 281

Green Car Congress

MARCH 13, 2012

AMP Electric Vehicles has been qualified by the IRS for the Federal Plug-in Electric Drive Motor Vehicle Credit of $7,500, which applies to retail and fleet buyers. Some states offer additional sales tax exemptions and zero emission tax credits of up to $5,000 that can also be applied to the purchase.

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Tax Credit Tax Jeep SUV 218

Green Car Congress

JANUARY 25, 2020

Audi is pricing its 2020 A8 TFSI e plug-in hybrid with a MSRP of $94,000 in the US. Joining the flagship sedan model line, the Audi A8 TFSI e serves as the first plug-in hybrid variant of the A8. Audi anticipates that customers purchasing the 2020 Audi A8 TFSI e will be eligible for a federal tax credit of up to $6,795.

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Green Car Reports

DECEMBER 13, 2017

tax policy for the first time in three decades are now being reconciled by a joint committee from both houses of Congress. Two bills from the Senate and House of Representatives that would radically reform U.S. No public hearings on those bills have been held in either chamber, and the legislation is closely guarded.

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Congress Tax Credit Tax Electric Cars 80

CleanTechnica EVs

AUGUST 3, 2022

This bill would establish a federal tax credit for businesses to purchase electric and plug-in hybrid […].

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Purchase Congress Tax Credit Commercial 136

Plugs and Cars

DECEMBER 8, 2010

From Plug In America: Last year, Plug In America, along with electric vehicle and EV infrastructure manufacturers from coast to coast, worked with members of the House and Senate to get a critical plug-in vehicle infrastructure tax credit into the stimulus bill. And then you helped us get it passed!

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Tax Credit Tax Plug-in America 113

Green Car Reports

DECEMBER 19, 2017

The tax reform bill likely to be voted on by the U.S. Senate and House of Representatives retained a number of provisions originally slated to be cut from the tax code. Among them was the federal income-tax credit for purchase of a plug-in electric vehicle.

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Tax Credit Tax General Motors Electric Cars 88

Green Car Congress

FEBRUARY 28, 2012

announced that the 2012 Prius Plug-in has been approved for the State of California’s Clean Vehicle Rebate Program ( CVRP ). Designed to promote the use of Zero Emissions Vehicles (ZEV) and related clean vehicle technologies, the CVRP is a consumer incentive made available in addition to a $2,500 Federal Tax credit.

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Tax Credit Prius Plug-in Rhode Island 231

Green Car Congress

DECEMBER 10, 2014

Total US sales of plug-in electric vehicles (PEVs)—battery electric and plug-in hybrid electric—have increased in recent years, but still represent only about 0.7% Several states offer tax incentives to reduce the upfront cost of PEVs to consumers. sales and use tax. in 2013 and 0.4%

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Plug-in Tax Credit California Rhode Island 381

Green Car Congress

MARCH 15, 2022

Volvo Car USA is bringing a new, improved Recharge plug-in hybrid powertrain is coming to the US in its 90 and 60 Series models, significantly extending electric range while lowering carbon dioxide emissions, increasing performance, and improving drivability. This feature will initially be available on the Volvo XC60 and S90 plug-in hybrids.

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Recharge Volvo Plug-in USA 221

Green Car Congress

SEPTEMBER 4, 2012

Entrepreneurs and advocates for electric and plug-in hybrid vehicles conversions have taken advantage of the platform to create a petition urging the Administration to extend the Qualified Plug-in Electric Drive Motor Vehicles (IRC 30D) tax incentives, currently granted for new plug-in vehicles, to plug-in conversions.

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Conversion Obama Plug-in Tax 286

Green Car Congress

JULY 26, 2010

AFS Trinity Power Corporation has been awarded a patent for its Extreme Hybrid drive train that combines ultracapacitors and other power electronics and energy storage devices with off-the-shelf chemical batteries in plug-in hybrid vehicles. Earlier post.). AFS Trinity Chief Executive Officer Edward W.

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Tax Credit Tax PHEV Hybrid 170

Green Car Congress

JANUARY 9, 2010

billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. President Obama announced the award of $2.3 The 183 projects in 43 states include several for the manufacturing of advanced batteries; biomass projects; and vehicles. Rogers Foam Automotive Corporation.

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Tax Credit Obama Tax Clean 210

Green Car Congress

JANUARY 6, 2014

Although sales of plug-in vehicles (plug-in hybrid-electric and battery-electric vehicles, collectively PEVs) in the US climbed more than 80% in 2013 to more than 96,000 units (Tesla has not yet released its final figures) from 52,835 units in 2012 EDTA ), the 2013 results still reflect a meagre new light-duty vehicle market share of ~0.6%

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Plug-in Tax Credit Plug Tax 271

Green Car Congress

MARCH 27, 2021

Trailhead chargers coincide with launch of 2021 Jeep Wrangler 4xe plug-in hybrid and will support future electrified Jeep vehicles. Prices exclude the available $7,500 federal tax credit, any additional eligible state and local credits, and $1,495 destination charges.

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Jeep Installation America Tax Credit 448

Green Car Congress

FEBRUARY 27, 2010

Michigan-based electric powertrain company ALTe LLC ( earlier post ) was approved to receive a tax credit valued at $8.4 ALTe is developing light- and medium-duty series plug-in hybrid electric vehicle powertrain systems—initially as conversions, but ultimately extending to an OEM basis.

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Tax Credit Tax Michigan Conversion 186

Green Car Congress

JANUARY 1, 2013

8) passed by the US Senate on New Year’s Day by a vote of 89 - 8 to avoid the across-the-board increase in taxes currently called for by the “fiscal cliff” are a number for energy tax benefits. The Sections are: Credit for energy-efficient existing homes is extended to 31 December 2013. Algae is treated as a qualified feedstock.

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Tax Tax Credit Energy Alternative Fuels 274

Green Car Congress

JULY 19, 2018

Hyundai has lowered the price and slightly increased the all-electric range of the refreshed 2018 Hyundai Sonata Plug-In Hybrid (PHEV). The starting price for the 2018 Sonata Hybrid Plug-In is $33,250, a $1,350 reduction from the 2017 model. The vehicle qualifies for a $4,919 Federal Tax Credit along with other state-level incentives.

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2018 Plug-in Hyundai All-Electric 150

Green Car Congress

MARCH 8, 2010

Direct transportation (fuel) taxes generate the greatest reductions in CO 2 emission from transportation, achieving CO 2 emissions at 86% of 2005 levels by about 2025. CO 2 emissions from transportation sector by scenario in the study. The dashed blue line is 2005 emissions; the scale on the right shows the percent of 2005 level.

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Tax Credit Tax Emissions Fuel 220