Remove tag Taxes
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GM expects Chevrolet Silverado EV to get full $7,500 tax credit

Teslarati

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. If it does, the Silverado EV will qualify for the IRA’s full $7,500 EV tax credit. GM issued a list of electric vehicles in its lineup that would qualify for the full EV credit.

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Mercedes-Benz all-electric EQS SUV will be too luxuriously priced for US federal tax credits

Electrek

Although this all-electric SUV and its battery components will be built on US soil, its price tag will prevent US customers from qualifying for federal tax credits. The post Mercedes-Benz all-electric EQS SUV will be too luxuriously priced for US federal tax credits appeared first on Electrek.

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BMW ActiveHybrid 7 Qualifies For $900 US Federal Tax Credit

Green Car Congress

The US Internal Revenue Service certified that the BMW ActiveHybrid 7 ( earlier post ) qualifies for up to a $900 tax credit under the Alternative Motor Vehicle provision. Tags: Brief. The base MSRP of the ActiveHybrid 7 is $103,125 including destination and handling; the MSRP for the long wheelbase ActiveHybrid 7L is $107,025.

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Ford prices C-MAX Energi plug-in hybrid at $29,995 after federal tax credit; expects conquest rate of about 50%

Green Car Congress

Its eligibility for a $3,750 federal tax credit drops that to $29,995. Both Prius Plug-in models qualify for a federal tax credit of $2,500. C-MAX Energi also is expected to qualify for additional tax credits up to $1,500 in California. The base MSRP for the Prius Plug-in Hybrid is $32,000.

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Tesla slashes prices on Model Y and Model 3 inventory units

Teslarati

A red Model Y AWD is listed in the Bay Area with a $51,970 price tag. There is a red 2023 Model 3 Dual-Motor Performance AWD in Fremont, California, with a $53,590 price tag. New Tesla Model Y and Model 3 units are eligible for the federal EV tax credit under the Inflation Reduction Act. Its initial price was $52,490.

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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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Biodiesel Board Study Asserts Critical Importance of Biodiesel Tax Credit, Calls for Extension

Green Car Congress

The original biodiesel tax credit was passed in 2004 and has been extended twice. per gallon excise tax credit. The study examined the economic impact of the biodiesel industry and the negative consequences of allowing the credit to lapse. Economic Impact of Eliminating the Biodiesel Tax Credit.