Teslarati
JULY 4, 2022
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. The post Toyota’s tax credit advantage over competitors like Tesla disappears appeared first on TESLARATI.
Blink Charging
FEBRUARY 23, 2023
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?
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). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.
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.
Green Car Congress
JULY 19, 2018
Hyundai has lowered the price and slightly increased the all-electric range of the refreshed 2018 Hyundai Sonata Plug-In Hybrid (PHEV). The starting price for the 2018 Sonata Hybrid Plug-In is $33,250, a $1,350 reduction from the 2017 model. The 2018 Sonata Plug-In Hybrid is available now at Hyundai dealerships.
The Truth About Cars
APRIL 23, 2024
At around $70,000 to start, the brand’s R1T pickup and R1S SUV are out of reach for most buyers, even after the $3,750 federal tax credits for some models. Oh, and you’ll have to trade in a gas vehicle to get the price cut. Of course, discounts don’t usually come without terms attached, and Rivian is no exception.
Green Car Congress
JANUARY 12, 2023
The average transaction price (ATP) of a new vehicle in the US hit a record high in December at $49,507—an increase of 1.9% ($927) from November and up 4.9% ($2,297) from year-earlier levels. However, the average price paid for a new EV decreased in December by $3,594 (down 5.5%) compared to November and ended the year lower by 0.6%.
Expert insights. Personalized for you.
98 
Let's personalize your content