article thumbnail

New York State adjusts EV rebate program, adds $30M

Green Car Congress

An additional $30 million is now available through New York State’s Drive Clean Rebate program to encourage more consumers to lease or purchase an all-electric car or plug-in hybrid electric vehicle. New rebate levels as of 30 June 2021 will be: EV Range/Price. New York City. 200 miles or more.

New York 321
article thumbnail

Imperium3 New York produces its first full-sized prismatic cells

Green Car Congress

Australia-based Magnis Energy Technologies Limited announced that Imperium3 New York (iM3NY) has produced its first full-sized prismatic cells ahead of schedule for limited testing and customer sampling in Q3 2021. million in Excelsior Jobs Program tax credits in exchange for job creation commitments for the iM3NY project.

New York 468
article thumbnail

Toyota's Already Offering a Huge 2024 bZ4X Lease Discount in New York

The Truth About Cars

Despite it only having been on sale for one year, the automaker is already offering discounts on the new 2024 model, cutting $10,000 off the top for lease clients in New York. It’s also eligible for federal tax credits, which makes it an even more compelling option. Image: Toyota] Become a& TTAC insider.

New York 110
article thumbnail

Take Advantage of New York State EV Tax Credits and Save

EV Connect

New York is leading the charge toward the fuel of the future — electricity. Once your company takes advantage of federal EV tax credits, EV Connect can help you find available New York State EV tax credits that will help defray costs further and maximize your investment for years to come.

article thumbnail

CMU study finds taxes on emissions would result in more rapid electrification by ridesharing companies

Green Car Congress

Researchers at Carnegie Mellon’s College of Engineering have found that with an emissions-based incentive towards electrification, ridesourcing companies such as Uber and Lyft would electrify more and cut their emissions by amounts ranging from 10% in New York to 22% in Los Angeles. —Bruchon et al. Source: Bruchon et al.

Tax 199
article thumbnail

How Does the Electric Car Tax Credit Work in 2023?

Setec Powerr

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

article thumbnail

New York launches $19M truck voucher incentive program; $9M for EVs, $10M for alt fuels

Green Car Congress

New York Governor Andrew M. Cuomo announced a $19-million New York Truck Voucher Incentive Program to encourage the purchase of battery-electric commercial trucks as well as other energy-efficient transportation, including hybrid and CNG (compressed natural gas) trucks.

New York 270