article thumbnail

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

EV Life

You should consult your own tax, legal and accounting advisors before engaging in any transaction. 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.

article thumbnail

Connecticut providing up to $3K cash rebate for buyers of BEVs, FCEVs, and PHEVs while funding lasts

Green Car Congress

Connecticut Governor Dannel P. Malloy announced the Connecticut Hydrogen and Electric Automobile Purchase Rebate Program (CHEAPR). Under this new initiative, a cash rebate of up to $3,000 is now available for Connecticut residents, businesses, and municipalities who purchase or lease an eligible electric vehicle (EV).

article thumbnail

Prius Plug-In eligibile for a $1,500 California consumer incentive plus $2,500 Federal tax credit

Green Car Congress

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. The 2012 Prius Plug-in also offers consumers eligibility for the State of California’s HOV lane sticker.

article thumbnail

Connecticut’s home battery storage incentive jumps to up to $16k

Baua Electric

Connecticut utilities UI or Eversource and Connecticut Green Bank will also pay performance-based incentives at the end of each summer and winter season for 10 years based on average energy contributions to the grid. For customers that qualify as low-income, the upfront incentive increased to $600 from $400 per kWh.

article thumbnail

EIA: California home to almost half of US plug-in electric vehicles

Green Car Congress

Several states offer tax incentives to reduce the upfront cost of PEVs to consumers. These incentives are in addition to a federal (nationwide) tax credit, which ranges from $2,500 to $7,500 depending on battery capacity and gross vehicle weight. Electric vehicles per 1,000 vehicles.

Plug-in 381
article thumbnail

Schaeffler invests $230 million in new automotive manufacturing facility in Ohio for EV products – Charged EVs

Baua Electric

The state government is providing grants and tax credits for the company’s investments, which are expected to create some 650 jobs. Schaeffler has 15 factories and 5 R&D sites in the Americas region, including manufacturing sites in Ohio, South Carolina, Missouri and Connecticut.

Ohio 52
article thumbnail

NADA aims to turn car dealers into EV experts in 90 minutes

Baua Electric

2024 Hyundai Ioniq 5 The program was developed with input from the Center for Sustainable Energy (CSE), which has already administered statewide EV incentive programs and worked with state dealer associations in California, Connecticut, Massachusetts, New Jersey, New York and Oregon on EV training, the NADA noted. 2024 Volkswagen ID.4

Dealers 52