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Toyota’s tax credit advantage over competitors like Tesla disappears

Teslarati

The road ahead for Toyota as it starts competing seriously in the all-electric market just got a lot tougher. As recently corroborated by the veteran Japanese carmaker, it has already crossed the 200,000-unit cap for the United States’ $7,500 tax credit for hybrid and all-electric vehicles.

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2018 BMW i3 preview, electric-car tax credit phaseout, hydrogen airplanes: Today's Car News

Green Car Reports

Today, we have spy shots of the 2018 BMW i3 electric car, estimations of which automakers will lose their electric-car tax credits first, and an argument for liquid hydrogen as a replacement for jet fuel in airplanes. All this and more on Green Car Reports.

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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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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.

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Bolt EV in winter, 2018 Kia Niro, electric-car tax credits, 2018 Nissan Leaf news: The Week in Reverse

Green Car Reports

Which two automakers may start to run out of electric-car tax credits this year? What happens if you buy a used Fiat 500e electric car outside California and it needs service? Friday, we wrote that it's taken.

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Green-car deals, EPA vs climate action, electric-car tax credit, Best Car To Buy 2018: Today's Car News

Green Car Reports

Today, after lots of anticipation, we revealed our Best Car To Buy 2018. We've also got possibly good news on the electric-car tax credit, clearly bad news on EPA plans to kill the Clean Power Plan, and best green-car deals for November. All this and more on Green Car Reports.

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Tesla cuts prices $2,000, almost hit 250,000 vehicles in 2018

Green Car Reports

Tesla and its CEO Elon Musk made a multi-layered end-of-year push, focused on Tesla's final days and weeks of $7,500 federal EV tax credit eligibility. And with more than 90,000 vehicle deliveries in the fourth quarter of the year—a new record for the California electric-car maker—it appears to have worked.