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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% Such a trend, however, seems to be largely pushed by Tesla and the popularity of the Model 3 sedan and Model Y crossover.

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Tesla is the most preferable brand for prospective EV buyers

Teslarati

A new survey shows that prospective electric vehicle buyers are considering Tesla over any other brand as more buyers consider electrified options due to soaring gas prices. The survey results showed Tesla was still the dominant brand among EV shoppers, with most preferring either the Tesla Model 3 or Tesla Model Y.

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

Green Car Reports

In an effort to speed up wait times at its service centers, Tesla is eliminating regular annual service visits for its cars. Canada is planning on launching its first nationwide tax credit for electric cars. may still use gasoline. A new report estimates that by 2030, almost 70 percent of new cars sold in the U.S.

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Toyota 3-row EVs, Tesla price cuts, electric G-wagen, airless tires: The Week in Reverse

Baua Electric

The Tesla Model Y undercuts the Model 3 by $5,000 —for those who are EV tax credit eligible—under the latest round of Tesla price cuts made last weekend. Tesla has also dropped the price of what it calls Full Self Driving to $8,000, but it’s eliminated the popular $6,000 Enhanced Autopilot option.

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Cadillac ELR EREV goes on sale in January, starting price $75,995

Green Car Congress

Initial sales of the 2014 Cadillac ELR extended range electric luxury coupe ( earlier post ) will begin in January in all major US metropolitan areas. The 2014 ELR has a starting price of $75,995, including a $995 destination charge but excluding tax, title, license and dealer fees. gasoline-powered electric generator.

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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.

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