article thumbnail

Volvo XC40 Recharge EV to start at $53,990 in US before qualifying tax incentives

Green Car Congress

The Volvo XC40 Recharge, the company’s first fully electric vehicle, will carry an MSRP of $53,990 when it arrives in US showrooms later this year. The purchase of an XC40 Recharge may qualify for a federal tax credit of up to $7,500. State and local incentives could add further benefits. National Charging Network.

Recharge 400
article thumbnail

How Government Incentives Help Convenience Stores Install Electric Vehicle Chargers

Blink Charging

Now the US is undertaking another public works project that rivals the Interstate system: a nationwide electric vehicle (EV) charging network that stretches to every corner of the country and is able to support an anticipated 30–42 million EVs on the road by 203 0. How Many Charging Stations Will America Install?

Store 104
article thumbnail

Final EV Tax Credit Details and More EV News

Electric Auto Association

Many Americans want to know if their next EV purchase qualifies for a full, half, or any tax credit. EV tax credit. Source: Electric Vehicle Association) Proposed EV Tax Credit Rule to be Finalized on April 18 On March 31, the Treasury Department gave guidance on battery material requirements for automakers.

article thumbnail

Driving Green Initiatives: Direct Pay Tax Incentives for Local Governments

Blink Charging

To address this challenge, federal tax credits that offer elective pay , commonly known as direct pay, can be a valuable tool to help communities finance climate change mitigation and resilience projects that were previously too expensive. Once the project is completed and in operation, note the relevant tax year.

Tax 52
article thumbnail

Volvo C40 Recharge EV coming to US with $58,750 MSRP

Green Car Congress

The Volvo C40 Recharge pure electric will start at an MSRP of $58,750 in the United States before tax credits. This newest addition to the Volvo electric line-up has all the benefits of an SUV but with a lower and sleeker design.

Recharge 259
article thumbnail

Tesla Model Y ads surface on Facebook

Teslarati

Tesla has started advertising on Facebook to promote the Model Y electric crossover, a notable shift for the company. Tesla’s Model Y Facebook ad showcased the electric crossover’s price and free Supercharging miles. The Tesla Model Y currently starts at $36,490 after federal tax credits from the Inflation Reduction Act.

Tesla 127
article thumbnail

Firefly & Hyundai Motor America create pilot program to offer rideshare fleets & drivers new vehicles with bonus income up to $3,600/year

Green Car Congress

Firefly, a fast-growing in-car and car-top mobility media company and a Google Ventures-backed startup, will collaborate with Hyundai in promoting its vehicles—including EVs—to rideshare fleets and drivers across key US cities.

Hyundai 170