Electric Vehicle Tax Credit Bill From US Senate Finance Committee Looks Great
CleanTechnica EVs
MAY 27, 2021
The US Senate Finance Committee has put forth a bill to extend and strongly improve the US federal EV tax credit.
Senate Finance Committee Approves $12,500 EV Tax Credit Bill
The Truth About Cars
MAY 27, 2021
On Wednesday, the Senate Finance Committee advanced the Clean Energy for America Act making a few tweaks from earlier proposals. Changes include raising the federal EV tax rebate ceiling to $12,500 and opening the door for automakers who already exhausted their production quotas.
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Electric car US tax credit proposed to $12,500, less for Tesla vehicles
Electrek
MAY 27, 2021
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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Fisker Ocean electric SUV starts at $37,499, pre-tax credit; leases for $379/mo
Green Car Congress
JANUARY 6, 2020
Fisker is pricing its new Ocean electric SUV with an MSRP of US $37,499. After the US federal tax credit is applied, the cost of the Fisker Ocean drops to a starting price of US$29,999 (US). Fisker will also offer a “$0 drive off” option through a fully financed $2,999 down payment for credit-approved customers.
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How Does the Electric Car Tax Credit Work in 2023?
Setec Powerr
APRIL 26, 2023
The global push towards sustainable energy and reducing carbon emissions has given rise to the popularity of electric vehicles (EVs). One such incentive is the electric car tax credit, designed to help offset the initial cost of EVs for buyers. Section 1: Overview of the Electric Car Tax Credit in 2023 1.1
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Colorado Electric Vehicle Tax Credit Rises to $5,000
EV Life
JUNE 29, 2023
Great news for drivers looking to purchase an electric vehicle in Colorado! But the most exciting part of the new bill for many Colorado residents is the expansion of an additional Colorado Electric Vehicle Tax Credit for qualified drivers looking to purchase electric vehicles. What Are Electric Vehicle Incentives?
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How to Save Big on a Tesla with Colorado’s New EV Tax Credit
EV Life
JANUARY 11, 2024
Electric vehicles are becoming more and more common on the roads across the country. With climate change awareness increasing, gas prices continuing to climb, EV charging stations expanding, and tons of new EV options hitting the market each year, it’s no surprise that electric vehicle purchases are skyrocketing.
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Tax filers: If you’re claiming IRA tax credits, then you need this free tool
Baua Electric
MARCH 19, 2024
Photo: Tesla If you bought an EV or made electric upgrades in 2023, then use this Rewiring America tool to confirm which Inflation Reduction Act (IRA) tax credits you qualify for. The IRA tax credits are new, so it’s good to have a tool to refer to during tax preparation. Get started here. –ad*
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Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout
EV Adoption
AUGUST 18, 2021
Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.
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Upcoming Changes to the Clean Vehicle Tax Credit Explained
Blink Charging
NOVEMBER 16, 2023
To encourage clean and energy-efficient vehicle adoption, the United States government has made significant changes to the Clean Vehicle tax credit, to take effect from January 1, 2024. These changes make it easier for drivers to access tax credits when purchasing clean vehicles. What Is the Clean Vehicle Tax Credit?
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Subaru mistakenly says 2024 Solterra owners are eligible for the $7,500 EV tax credit
Baua Electric
JANUARY 26, 2024
Subaru mistakenly said some 2024 Solterra owners will qualify for the $7,500 EV tax credit. Subaru “owners” are not eligible for $7,500 EV tax credit Subaru introduced the 2024 Solterra electric SUV yesterday with new upgrades, including faster charging and more. That’s including a $1,345 destination fee.
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The EV Tax Credit: Buy Now or Wait Until 2024?
EV Life
OCTOBER 7, 2023
The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.
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What You Should Know About Tesla Financing
EV Life
JUNE 15, 2023
Despite many legacy brand automakers jumping into the EV space and releasing new electric models, Tesla continues to dominate the electric car market. So, if you’re like most potential Tesla buyers, you will probably look to finance your Tesla purchase with a loan rather than pay the sticker price upfront.
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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates
EV Life
APRIL 7, 2023
That’s why it’s no surprise that the high sticker price of many electric vehicles, particularly Tesla models, has long been one of the main deterrents for people looking to buy a new car, truck, or SUV. Tesla’s electric vehicles are by far the most popular EVs in the country. Which brings us to Tesla.
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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?
EV Adoption
FEBRUARY 23, 2021
For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.
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Electric Vehicle Spotlight: Financing Chevrolet Equinox EV
EV Life
SEPTEMBER 7, 2023
Release Date: Fall 2023 Starting Price: $30,000 Chevrolet has become a pioneer in the electric vehicle market. Building on the success of the popular and affordable Bolt EV and Bolt EUV , the automaker has continued to expand its electric offerings to include EV versions of several of its most popular models. Range Horsepower (est.)
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Electric Vehicle Spotlight: Financing a Chevrolet Bolt EUV
EV Life
AUGUST 4, 2023
General Motors was one of the original pioneers of electric cars, introducing the EV1 in 1996 and the game-changing Volt in 2010. Chevrolet has continued that trend in the last few years—emerging as a major leader in the electric vehicle industry. The EUV is available in two different trims, the LT and Premier.
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Electric Vehicle Spotlight: Financing a Volkswagen ID.4
EV Life
AUGUST 17, 2023
4 to its plant in Chattanooga, Tennessee, which allowed the popular SUV to join the ranks of EVs that qualify for the $7,500 federal tax credit. 4 has to offer, compare available trims, and take a look at how you can save money with EV incentives by financing through EV Life. In 2023, Volkswagen moved its production of the ID.4
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Electric Vehicle Spotlight: Financing a Ford F-150 Lightning
EV Life
AUGUST 10, 2023
The debut in 2021 of the all-electric version of America’s most popular pickup truck, the Ford F-150 Lightning , marked a major shift in the truck landscape. Since then, Ford has continued to introduce improvements to its popular all-electric truck, even winning MotorTrend’s Truck of the Year in 2023. Clean Vehicle Assistance Program.
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Captive Finance The Key To Tesla Selling EVs To 81 Million Households In The USA
CleanTechnica EVs
JANUARY 26, 2023
In this article, I will explain how many households don’t have access to the US EV tax credit and some possible solutions. 81 Million (63% Of Households) In US Not Eligible For Full $7,500 Tax Credit I’ve been writing a lot recently about how affordable electric cars are going to be soon.
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Electric Vehicle Spotlight: Financing Rivian R1S
EV Life
AUGUST 24, 2023
American EV manufacturer Rivian Automotive initially unveiled a prototype of its futuristic all-electric SUV—the R1S—at the Los Angeles Auto Show in November 2018. The R1S joins the increasing number of attractive electric SUVs being debuted in the EV market.
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Your Guide to Electric-Vehicle Charging-Station Tax Credits
EV Connect
AUGUST 2, 2021
Installing electric-vehicle (EV) charging stations on your property can benefit your business in many ways — from attracting customers to luring top talent. And thanks to a variety of tax credits and incentive programs, the barrier to entry may be lower than you think. They include incentives for installing EV charging stations.
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Proposed Changes to Federal EV Tax Credit – Part 5: Making the Credit Refundable
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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Tesla to increase Model Y price in the U.S. next month
Teslarati
MARCH 16, 2024
also offer additional local tax credits on electric vehicles (EVs). also offer additional local tax credits on electric vehicles (EVs). On the first day of March, the automaker increased the Model Y price by $1,000 , effectively bringing the EV to its current pre-tax-credit price of $43,990.
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Budget 2024: Helping Canada get more EVs on the road – Electric Mobility Canada
Plug N Drive
APRIL 17, 2024
After much anticipation, Chrystia Freeland, Deputy Prime Minister and Minister of Finance, tabled the federal budget on April 16th in Ottawa. Electric Mobility Canada (EMC) notes that the federal government continues to support the transition to electric transportation with some good news for potential EV buyers and for the EV supply chain.
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Tesla’s EVs still have great financing deals compared to rivals, even with recent price increases
Teslarati
APRIL 28, 2022
Tesla’s electric vehicles are premium-priced, but their financing deals make them quite compelling against their rivals in the EV market. In a way, Tesla’s financing deals involve interest rates that could end up undercutting the costs of rival EVs by a notable degree. on the all-electric crossover’s GT trim.
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Ford re-opens order books for Mach-E; higher range, lower pricing; all standard range models with LFP packs
Green Car Congress
MAY 3, 2023
Ford is re-opening its order banks for the all-electric Mustang Mach-E as completed plant upgrades support production ramp in the second half of 2023, with feature improvements including increased range for standard range battery models to a targeted EPA-estimated range of 250 miles for RWD and 226 miles for eAWD. Earlier post.)
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Tesla introduces financing product for Model S customers; lease-sale hybrid
Green Car Congress
APRIL 2, 2013
Tesla Motors, in partnership with Wells Fargo and US Bank, has created an automotive financing product that combines elements of ownership and leasing for Model S customers. Elements of the new program include: US Bank and Wells Fargo have agreed to provide 10% down financing for purchase of a Model S (on approved credit.).
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Biofuel Companies and Trade Associations Push for Extension to Investment Tax Credits for Cellulosic Biofuels and The Inclusion of Algae Biofuels
Green Car Congress
MAY 19, 2010
A group of 35 biotechnology and biofuel companies and trade associations are urging the leaders of the House Ways and Means Committee to extend tax credits for cellulosic biofuels for four years, to allow algae biofuels to qualify for those tax credits, and to create an option for monetizing the tax credits as tax refunds.
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Lease Buyout Offers Loophole to EV Incentive Restrictions
EV Life
OCTOBER 21, 2023
As we enter the age of the electric car, federal and state governments have created a variety of programs , rebates, and grants to incentivize drivers to make the switch to zero-emission vehicles. Two sections of the law, 30D and 45W, detail individual tax credits and commercial tax credits, respectively.
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The Best Electric SUVs on the Market
EV Life
JUNE 8, 2023
The electric vehicle market has expanded rapidly in the last few years as automakers have introduced a variety of EV models to keep up with demand. These days, all-electric options are available in every type of vehicle, from high-horsepower electric sports cars to stylish electric luxury sedans to torque-heavy electric trucks.
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EV Life is awarded CalSEED grant from the California Energy Commission to make financing electric cars cheaper than gas vehicles.
EV Life
OCTOBER 15, 2020
The grant will fund the development of a fintech platform to empower EV buyers to save up to $200/month on electric vehicle loans. EV Life, a car site dedicated exclusively to electric vehicles, announced that it was 1 of 28 companies to win a CalSEED grant from the California Energy Commission (CEC).
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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
APRIL 5, 2022
With opportunities for drivers to earn additional income upon purchasing a new vehicle by having Firefly’s smart display screen technology integrated onto and inside each vehicle, Hyundai Drive by Firefly could help cover monthly car lease/financing costs for qualified drivers and fleets for the duration of the program.
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Putting the “Utility” in Sport Utility Vehicle: Which Electric SUVs Perform Best Off-Road?
EV Life
DECEMBER 12, 2023
When it comes to electric vehicles, crossovers serve a couple of other very practical functions. These standards are important because they dictate the MSRP limit the vehicle must meet in order to qualify for the federal EV tax credit, which can make or break sales numbers. Where are the real electric SUVs?
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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage
Green Car Congress
SEPTEMBER 1, 2023
Eos Z3 battery module Z3 battery modules store electrical energy through zinc deposition. Domestic production better positions Eos to access the 45X advanced manufacturing direct pay tax credits available under the IRA. The project secured an up to $398.6-million
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Electric Vehicles Save Owners Up To $12,000 Over Life of Vehicle
Plug in America
JULY 12, 2023
They found all six EVs offer savings in the very first year of ownership when financed. EVs Can Save Up To $12,000 Over Their Lifetime The study considers various factors such as fuel costs, maintenance and repair expenses, purchase price, federal tax credits, financing options, and resale value.
Tesla rolls out slight Model S, Model X, and Model Y price increase in the US
Teslarati
MAY 12, 2023
The new prices represent a $1,000 increase in the cost of the two flagship electric cars in the US. The EV maker also noted that financing for Model S and Model X purchases start as low as 3.99%. The all-electric crossover still qualifies for the IRA’s $7,500 tax credit.
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California to receive more than $236M to support transit agencies’ transition to zero-emission buses
Green Car Congress
AUGUST 12, 2022
The recently passed Inflation Reduction Act would also provide $1 billion for clean heavy-duty vehicles, including transit and school buses, and a new tax credit of up to $40,000 for commercial vehicles, for which transit agencies and school districts are eligible. The Bipartisan Infrastructure Law passed last year provides $5.6
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Hyundai fast-tracks start of EV production in the US as it gains recognition with its own day
Baua Electric
FEBRUARY 27, 2024
The automaker now expects to begin building electric cars in the US in the fourth quarter of 2024, with the grand opening in the first quarter of next year. Hyundai initially planned to begin production early next year, but the automaker is plowing ahead with the $7,500 federal tax credit on the line.
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2018 Honda Clarity Electric hits dealerships in California and Oregon with $199 lease deal
Green Car Reports
MAY 11, 2018
The 2018 Honda Clarity Electric car rolled into California and Oregon dealerships this week, but nobody can buy it. That figure reflects the $7,500 federal tax credit, which Honda finance will keep as part of the capitalized cost reduction of the lease.
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Feature: Bridging the EV Affordability Gap
Clean Fleet Report
DECEMBER 27, 2021
The number of plug-in electric cars nearly doubled from 40 to more than 70 vehicles this year, including attractive SUV crossovers in the $40,000 range like the Ford Mustang Mach-E and the Volkswagen ID4. Rebates & Tax Credits Don’t Help Most Americans. This year has been the biggest year yet for EV adoption.
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Ford rolls out incentives for 2023 Mustang Mach-E
Teslarati
AUGUST 25, 2023
Ford has rolled out a number of discounts and incentives for select models of the Mustang Mach-E, its all-electric crossover. The perks, which include low-interest financing and Bonus Cash, are exclusive to 2023 model year vehicles. APR financing for 60 months. Ford also has retail offers for LA, with 2.9%
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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035
Green Car Congress
JUNE 20, 2023
Most of this growth is driven by an ever increasing demand for electric vehicles. Energy storage might form a relatively small piece of the overall financing required, but it is a strategically critical piece of the puzzle. Demand for lithium ion batteries is forecast to grow to 3.7 Manufacturing the additional 2.7
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Redwood Materials receives conditional commitment for $2B DOE loan for battery materials campus project
Green Car Congress
FEBRUARY 11, 2023
Redwood will draw upon this milestone-based financing in tranches that support phased construction and allows the company to unlock funding as it accelerates the construction and expansion of its first battery materials campus. This will provide enough battery materials to produce more than one million electric vehicles a year domestically.
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