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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. First, the easy part: How do I claim the $7,500 EV tax credit?

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Hyundai lowers entry price, bumps all-electric range on new 2018 Sonata Plug-In Hybrid

Green Car Congress

Hyundai has lowered the price and slightly increased the all-electric range of the refreshed 2018 Hyundai Sonata Plug-In Hybrid (PHEV). The new PHEV model adopts the same distinctive design of the recently released Sonata gasoline and Hybrid models while delivering 28 miles (45 km) of all-electric range (vs. Second row USB port.

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Hyundai introduces 2018 Sonata Hybrid and Plug-in Hybrid models at Chicago Auto Show

Green Car Congress

Hyundai unveiled the redesigned 2018 Sonata Hybrid and Plug-in Hybrid models at the Chicago Auto Show. The 2018 Hybrid and Plug-in will be produced in Asan, Korea, with Hybrid availability in the first quarter of 2018 and Plug-in availability in the second quarter of 2018. The heart of the 2018 Sonata Hybrid is a 2.0-liter

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Blazer EV price cut, Dodge electric muscle, Rivian R2 and R3: The Week in Reverse

Baua Electric

Which affordable EV regained its EV tax credit eligibility this week? Rivian on Thursday provided the most significant future-product preview since the debut of its R1 series trucks at the 2018 LA auto show. The 2024 Nissan Leaf is eligible for an EV tax credit of $3,750, the automaker confirmed mid-week.

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Feature: Top 6 Reasons Why an EV Is the Right Choice

Clean Fleet Report

This figure represents a 46 peercent increase compared to sales made in 2018. Contrary to popular opinion, electric cars can perform better than gasoline-powered vehicles. You can now purchase an electric vehicle at a fair price due to the existing tax credits. In 2019, the sales of electric vehicles totaled 1.1

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Tesla is the most preferable brand for prospective EV buyers

Teslarati

per gallon of normal retail gasoline in 2019. The government’s tax credit program for electric vehicle purchases has offered consumers yet another reason to consider EVs. Toyota is set to be the next automaker to be disqualified from offering the $7,500 electric vehicle tax credit. According to the U.S.

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USDA Long-Term Projections See Ongoing But Slower Growth in Corn Use for Ethanol

Green Car Congress

Projected US corn use through 2018. By 2018, ethanol production will account for about 35% of US corn use, and corn-based ethanol production will exceed 9% of annual gasoline consumption, according to the report. USDA’s projections assume the ethanol tax credit (reduced to $0.45/gallon Source: USDA.