Remove Gas-Electric Remove Purchase Remove Tax Remove Tennessee
article thumbnail

Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

article thumbnail

kWh Billing and New EV Charging Tax Policies: What You Need to Know

Blink Charging

The electric car market is experiencing massive growth, exceeding 10 million in sales in 2022. As a result, regulations and guidelines related to electric vehicles are changing frequently, and consumers and charging station hosts must be aware of new developments.

Tax 52
article thumbnail

The redesigned federal EV tax credit and other EV-related measures

Charged EVs

The recent passage of the Inflation Reduction Act—a sweeping package of tax, health care and climate measures—was like the happy ending to one of those heartwarming “Save Christmas” stories. The revamped tax credit scheme is clearly a great improvement over its predecessor. Unpacking the Inflation Reduction Act.

article thumbnail

EPA recognizes Volkswagen Chattanooga with a Green Power Leadership Award for on-site generation

Green Car Congress

MW solar park at Chattanooga is owned and operated by Silicon Ranch; VW has signed a 20-year power purchase agreement. The award recognizes EPA Green Power Partners who distinguish themselves using on-site renewable energy applications, such as solar photovoltaic (PV) or landfill gas. GWh hours of electricity per year.

EPA 385
article thumbnail

The Best Electric SUVs on the Market

EV Life

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.

SUV 52
article thumbnail

Electric vehicles are inflation relief

Electric Auto Association

has been experiencing severe inflation and high gas prices. EV’s may be the answer Electric vehicles (EVs) are becoming increasingly popular as gas prices continue to rise. A “Consumer Reports” study stated that EV owners spent approximately 60 percent less on fuel each year than gas vehicle owners. gal would be $12,785.

El Paso 84
article thumbnail

10 Reasons Your Next Car Should Be an EV

Plug in America

In addition, electricity in the U.S. EVs Cost Less to Fuel Powering your ride with electricity costs about 60% less than buying gasoline. Depending on your electric utility, you may be able to save even more money by setting your car to charge at off-peak rates. This goes hand in hand with the creation of 143,000 new U.S.