article thumbnail

California considering tax to fund EVs and charging infrastructure

Teslarati

California Proposition 30 will allow residents to vote on a tax increase on those who make over $2 million annually to fund EV incentives and charging infrastructure. And if passed, the taxes rate on $2 million annual earners would increase from 13.3% If you have news tips, email us at tips@teslarati.com !

Tax 137
article thumbnail

How Corporations Can Help the U.S. Reach its EV Goals

Clean Fleet Report

How Corporations Can Help the U.S. News and World Report recently posed the question: will the U.S. Meanwhile, the electrification of city- and corporate-owned vehicles has been dominating recent headlines. The New York Police Department began its shift to electric vehicles last September. reach 50 percent EVs by 2030 ?

article thumbnail

Tesla’s Elon Musk talks EV charging infrastructure and billionaire taxes

Teslarati

Musk also shared some of his more direct thoughts about the US government’s upcoming EV incentives, which heavily favor union-built electric cars such as the Chevy Bolt EV, as well as the idea of billionaires and how they are taxed. . Musk then shared some of his ideas about how billionaires should be taxed. “Unnecessary.

Tax 137
article thumbnail

Kia looks to secure US federal tax credit for EV9 in 2025

Teslarati

It appears that South Korean automaker Kia is taking some steps to ensure that its EV9 all-electric SUV will qualify for the full $7,500 federal tax credit in the United States next year. James Bell, head of corporate communications at Kia America noted that EV9 production should begin by the end of May at the Georgia facility.

article thumbnail

Tesla’s Elon Musk promptly flattens US Senator Warren’s claim that he doesn’t pay taxes

Teslarati

Tesla CEO Elon Musk recently threw a quick counter towards US Senator Elizabeth Warren, who reiterated her argument that billionaires do not pay taxes. Fresh off his $11 billion tax bill in 2021 and his $5 billion donation to charity, Musk seemed to be in the mood to throw some shade against the senator.

Tax 145
article thumbnail

Nepal new budget: removes tax hikes on EVs, waives renewal & road tax for 5 years

Electric Vehicles India

Nepal new budget: removes tax hikes on EVs, waives renewal & road tax for 5 years. Exemption of renewal and road taxes for five years if an existing petroleum vehicle switches to battery power. There will be exemption of renewal and road taxes for five years if an existing petroleum vehicle switches to battery power.

Nepal 103
article thumbnail

Part of Elon Musk’s $15B tax bill will likely end up helping the fossil fuel industry

Teslarati

Elon Musk may be paying an estimated $15 billion in taxes this year due to his massive sale of part of his TSLA holdings, but his contributions to the US government may end up supporting the fossil fuel industry. These include both direct subsidies to corporations, as well as other tax benefits to the fossil fuel industry.

Tax 145