article thumbnail

Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.

article thumbnail

Canada’s Budget 2022 calls for C$3.8B to launch Critical Minerals Strategy

Green Car Congress

million over four years to launch a new purchase incentive program for medium- and heavy-duty ZEVs to help businesses upgrade their fleets. The introduction of a new 30% Critical Mineral Exploration Tax Credit for specified mineral exploration expenses incurred in Canada and renounced to flow-through share investors.

Canada 468
article thumbnail

Your Guide to Electric-Vehicle Charging-Station Tax Credits

EV Connect

And thanks to a variety of tax credits and incentive programs, the barrier to entry may be lower than you think. On the federal, state and local levels, there are a plethora of tax credits for installing electric-vehicle charging stations. They include incentives for installing EV charging stations.

article thumbnail

How did that EV purchase affect your tax bill? Twitter poll results

Green Car Reports

The growth came not only as Tesla's production blew through its allotment of federal tax credits, but also as changes based on the 2017 tax law raised many taxpayers' tax bills, come last month. Electric-car sales skyrocketed in the U.S. last year as Tesla Model 3 production ramped up.

Tax 94
article thumbnail

2017 Honda Clarity Electric to lease for $269 a month, starting in August

Green Car Reports

Honda hopes the answer is $269 a month with $1,730 down, on a three-year lease that takes advantage of the federal income-tax credit for electric-car purchase. Pricing is now out for the 2017 Honda Clarity.

Honda 104
article thumbnail

Toyota 2017 Mirai fuel cell vehicle remains $57,500; 312-mile electric range

Green Car Congress

Toyota announced the pricing for the 2017 model year Mirai fuel cell vehicle. Mirai customers also may qualify for an $8,000 federal tax credit and $5,000 potential California rebate along with access to the California HOV carpool lane. for 72 months and Trailblazer Purchase Support of $7,500.

Toyota 150
article thumbnail

More than a third of Prius owners get another one, finds CarMax

Baua Electric

More than 38% of CarMax customers who own a Prius purchase another one, according to the company. The Prius displaced the Chevrolet Corvette, which had the highest model loyalty the last time CarMax conducted a similar survey, in 2017. 2017 Toyota Prius Toyota also had the highest loyalty as a brand, with 28.5%

Prius 52