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How to Get the Federal Clean Vehicle Tax Credit This Year

Blink Charging

The United States federal government has made it even easier to buy a new or used electric vehicle (EV). The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. Here’s what you need to know.

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Study finds EV buyers want rebates, not tax credits; government could have saved $2B

Green Car Congress

A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. The current federal electric vehicle tax scheme is a pain.

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Tesla embraces new immediate EV tax credit system

Teslarati

Tesla has embraced the new immediate use of the EV tax credit, which was announced last year by the IRS and Department of the Treasury. In October , the IRS and Department of the Treasury announced that it would issue new guidance regarding the EV tax credit, with the changes taking effect in 2024. Buying an EV?

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EV tax credit consequence: Plug-in vehicle lease prices are soaring

Green Car Reports

Some shoppers for electric vehicles and plug-in hybrids are encountering severe sticker shock this weekend in monthly lease numbers. That’s because versus just a few days ago, a vast swath of EV and PHEV models are no longer eligible for the federal EV tax credit—now known as the Clean Vehicle Credit.

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VW ID.4 tax credit, Porsche SUV price, Model Y tops sales charts, Lucid rival: Today’s Car News

Green Car Reports

Tesla has the top-selling vehicle on the planet, it claims. Porsche puts a price on its electric SUV. 4 EV buyers will be able to claim the full EV tax credit. 4 models qualify for the $7,500 EV tax. Lucid teases a Model Y rival. And many VW ID.4 This and more, here at Green Car Reports.

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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

Green Car Congress

Due to a steady increase in availability of new models, expanded price mix within existing models and widening eligibility of federal and state incentives, acquisition cost is starting to fade as a hurdle to EV adoption, according to J.D. Additionally, both manufacturers recently announced significant price cuts on both models.

Price 404
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Senate votes to place a $40,000 price cap on EV tax credit

Green Car Reports

Earlier this week the Senate voted to place price and household-income caps on the federal EV tax credit, as part of the $3.5 would eliminate tax credits for vehicles costing more than $40,000, and for households with more than. trillion budget framework currently undergoing negotiations.