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US updates EV tax credit rules, enabling more electric cars to be eligible

Electrek

Department of the Treasury and Internal Revenue Service (IRS) updated the EV tax credit rules today with new requirements that should enable more electric cars to become eligible.

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Kentucky electric cars now pay two taxes where gas cars only pay one

Electrek

As of January 1st, Kentucky has implemented not one but two new taxes on electric vehicles, both of which are individually higher than what gas vehicles pay on similar units of energy. more… The post Kentucky electric cars now pay two taxes where gas cars only pay one appeared first on Electrek.

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Tesla expects to lose full $7,500 tax credit on its cheapest electric car

Electrek

Tesla told employees that it expects to lose the full $7,500 federal tax credit on its cheapest electric car because the batteries come from China. more… The post Tesla expects to lose full $7,500 tax credit on its cheapest electric car appeared first on Electrek.

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Electric car US tax credit proposed to $12,500, less for Tesla vehicles

Electrek

A new bill to reform the federal electric car tax incentive in the US has passed the US Senate Finance Committee. It includes increasing the electric vehicle tax credit to up to $12,500, but it was expertly crafted to give less to Tesla vehicle buyers.

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NSW Labor’s weird EV policy means expensive electric cars will be spared road tax

The Driven EV News

The post NSW Labor’s weird EV policy means expensive electric cars will be spared road tax appeared first on The Driven. Owners of EVs that have paid stamp duty will be exempt from the NSW road user charge. That includes all EVs priced above $78,000.

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Podcast: Tesla Vision, Tesla Cybertruck, electric car tax credit, and more

Electrek

This week on the Electrek Podcast , we discuss the most popular news in the world of sustainable transport and energy, including the launch of Tesla Vision, some Tesla Cybertruck news, an update on the electric car tax credit, and more. Thank you to Volkswagen’s new ID.4 4 for sponsoring today’s show!

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2024 Honda Prologue electric SUV starts under $40,000 with full EV tax credit eligibility

Electrek

Who says electric cars are too expensive? The 2024 Honda Prologue, the brand’s first all-electric SUV, qualifies for the full $7,500 EV tax credit. With the added credit, the Honda Prologue hits the “sweet spot,” with starting prices under $40,000.