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. Chart Source: EV Volumes.
Clean Fleet Report
JUNE 4, 2022
Chevrolet announced this week that its 2023 Bolt EV and Bolt EUV are going to get major drops in price. These big price reductions, $5,900 for the Bolt EV and $6,300 for Bolt EUV, makes them more competitive as Chevrolet no longer qualifies for the federal $7,500 tax credit. Photos by Chevrolet. More EVs Coming.
Green Car Reports
MARCH 30, 2019
This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending March 29, 2019. Which new electric car didn't give us any range surprises in a recent test drive? What new features have been enabled on some Teslas?
Clean Fleet Report
JUNE 15, 2021
In 2019, the sales of electric vehicles totaled 1.1 You can now purchase an electric vehicle at a fair price due to the existing tax credits. The federal tax credit exempts allows you to deduct up to $7,500 from the vehicle’s initial cost. Flash Drive: 2022 Chevrolet Bolt EUV. High Resale Values.
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.
Get Electric Vehicle
SEPTEMBER 6, 2022
Consumer Reports pointed out that General Motors lost these EV tax benefits. Due to the expiration of the federal tax credit, Chevrolet specifically reduced the price of the 2023 Bolt and Bolt EUV. The Bolt EUV fell $6,300, while the upcoming 2023 Chevrolet Bolt dropped $5,900! Used EVs Are About to Hit The Market.
EV Adoption
APRIL 4, 2021
The Qualified Plug-In Electric Drive Motor Vehicles (IRC 30D) tax credit – commonly referred to as the “Federal EV tax credit” has a number of flaws, but one of the biggest is the poorly-designed formula that determines the amount of the tax credit available for each BEV and PHEV sold in the US.
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