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Tax credit score workaround spurs EV leasing

Baua Electric

Damon Lester, broker fundamental of Nissan of Bowie, in Maryland, and vice president of the Nationwide Affiliation of Minority Automotive Sellers, stated leasing is helping produce EVs extra inexpensive. “That type of credit still needs to be accessible to everyone.”

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Chevrolet to begin selling Spark EV in Maryland

Green Car Congress

Chevrolet will start selling the Spark EV in Maryland this spring, the electric mini-car’s first entry into the East Coast market. The Spark EV delivers an EPA-estimated combined city/highway 119 MPGe fuel economy equivalent and 82 miles of EPA-estimated combined city/highway range.

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Tesla adds state incentive tool to website to calculate total tax breaks

Teslarati

Tesla’s tool helps customers realize the discounts they could receive for buying a sustainable vehicle, which state and the federal government have incentivized with tax credits. Here, we see Tesla buyers in State College, PA would only receive the $7,5o0 tax credit for a Model 3 purchase.

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EIA: California home to almost half of US plug-in electric vehicles

Green Car Congress

Several states offer tax incentives to reduce the upfront cost of PEVs to consumers. These incentives are in addition to a federal (nationwide) tax credit, which ranges from $2,500 to $7,500 depending on battery capacity and gross vehicle weight. Electric vehicles per 1,000 vehicles.

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Prius Plug-In eligibile for a $1,500 California consumer incentive plus $2,500 Federal tax credit

Green Car Congress

Designed to promote the use of Zero Emissions Vehicles (ZEV) and related clean vehicle technologies, the CVRP is a consumer incentive made available in addition to a $2,500 Federal Tax credit. The 2012 Prius Plug-in also offers consumers eligibility for the State of California’s HOV lane sticker.

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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

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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Colorado approves goal to make 82% of car sales electric by 2032

Teslarati

While the Colorado standard falls short of requiring 100 percent of new car sales to be electric by 2035, as adopted in California , Maryland and a number of other U.S. Earlier this year, Colorado voted to approve new EV tax incentives on EVs that offer up to $5,000 off on select purchases, which can be used alongside the federal tax credit.

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