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How Do the Electric Vehicle Tax Credits Work?

Blink Charging

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. It does not act as a rebate (until 2024).

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Tesla rivals face rising inventory — and it’s becoming an issue

Teslarati

A survey from Cox Automotive estimates that electric vehicle sales in the US auto market could surpass 1 million units for the first time in 2023. Electric cars currently account for about 6.5% Cox also found that about 51% of consumers are now considering the purchase of a new or second-hand EV.

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Tesla service, Faraday Future lifeline, EV sales, Canoo: Today's Car News

Green Car Reports

Canada is planning on launching its first nationwide tax credit for electric cars. A new report estimates that by 2030, almost 70 percent of new cars sold in the U.S. may still use gasoline. And Faraday Future gets another.

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News: 2023 Chevrolet Bolt EV/EUV Get Big Price Drop

Clean Fleet Report

The intention is to make the company’s two electric car offerings more attractive to consumers, especially those that are looking for an affordable alternative to a gasoline-powered car. The new 2023 pricing (2022 pricing in parenthesis) includes the mandatory $995 destination fee. Same car, less cost. But it is more than that.

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News: 2023 Genesis Electrified GV70 AWD

Clean Fleet Report

News: 2023 Genesis Electrified GV70 AWD First Genesis Built in the U.S. The 3,800 team members, as Hyundai calls them, are building the all-new 2023 Genesis Electrified GV70 that joins electric models of the GV60 EV and the Electrified G80 , both of which are assembled in South Korea. kWh lithium-ion battery.

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Another One Bites the Dust: Kia Killing the Rio After 2023

The Truth About Cars

As Automotive News pointed out, the shift is likely tied to Kia’s electrification ambitions. Kia currently builds the EV6 in South Korea and needs a North American manufacturing location for its vehicles to qualify for federal tax credits. Average vehicle purchase prices in the U.S. Image: Kia] Become a& TTAC& insider.

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Why Fleet Owners Are Electrifying Their Vehicles This Year

Blink Charging

The best time to transition your business vehicle fleet from internal combustion engine (ICE) vehicles to electric vehicles (EV) is now. Thanks to new tax credits for EVs and EV charging stations as well as lower fuel and maintenance costs for EVs, fleet managers can now save money while setting an example for other organizations.

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