Green Car Congress

APRIL 11, 2019

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits.

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Tax Credit Tax Hydrogen Congress 304

EV Adoption

AUGUST 18, 2021

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). What is less clear is how Tesla and GM will handle leases.

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Tax Credit Tax Manufacturer Parts 111

EV Adoption

FEBRUARY 23, 2021

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. It won’t solve the problem.

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Tax Credit Tax Sale Plug-in 98

Electric Auto Association

FEBRUARY 7, 2023

To spread that message, she chose to purchase a new Chevrolet Bolt. “My Fellows set out to purchase the new car in December, when, like now, EVs were difficult to come by. “I GM to the rescue “I attended the LA Auto Show and found that the best EV-buying tips came from Chevrolet,” Fellows recalled.

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Tax Credit Dealers Purchase Chevrolet 91

Teslarati

MAY 18, 2021

Tesla shares increased in value by over 700% last year, and while 2021 hasn’t yielded the same results, Munster’s analysis reveals that things like tax credits for owners can only lead to bullish outlooks for the automaker’s stock. Return on Assets broke even in 2018 & is 20% in 2020. pic.twitter.com/ZNsiPi3OLC.

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Tax Credit Tesla Tax 2007 129

Teslarati

JUNE 10, 2022

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. Toyota will join Tesla, GM in losing EV tax credit after it reaches sales cap.

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Tax Credit Tesla Gas-Electric Tax 69

Baua Electric

JANUARY 23, 2024

January 1, 2023, kicked off a fresh start of new tax credits for vehicles, both new and used. Since then, much of the dust has settled on the Capitol as it continues to implement qualifying terms for tax credits , continuously shifting what used EVs do and do not qualify. Here’s the latest list. Here’s how it works.

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Tax Credit Tax PHEV 2018 52