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Survey Shows Auto Dealers Still Annoyed With Biden EV Strategy

The Truth About Cars

According to the 2024 Dealer Outlook Survey, 83 percent of respondents said the government was pushing the transition toward EVs too quickly and mucking up the auto market. About half of all dealerships also said they never bothered to register with the IRS to more easily facilitate EV tax credit exchanges.

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Congressional Budget Office estimates US federal policies promoting EVs and other fuel-efficient vehicles will cost $7.5B through 2019; little or no impact on gasoline use and GHG in the short term

Green Car Congress

Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. billion through 2019. billion through 2019. Source: CBO. Click to enlarge. The cost to the government of those reductions in gasoline consumption and emissions can vary widely.

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NY state launces series of initiatives to encourage adoption of EVs

Green Car Congress

The first fast chargers to be installed through the EVolve NY program are targeted to begin construction in spring 2019 along priority travel corridors with high traffic volumes from Buffalo to Montauk, and from Long Island to Canada. The tax credit is applied after the rebate amount received from NYSERDA.

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Kia EV9 wins, Fisker franchises, Tesla tops BYD, leather in EVs: The Week in Reverse

Baua Electric

Which EVs made the tax-credit shortlist in 2024? 2024 Rivian R1S A preliminary list of 2024 EVs qualifying for the tax credit was released early this week by the EPA, and as expected there are very few models qualified for the full $7,500 amount. The plan will include up to 50 dealers in the U.S.

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Australia unveiled its new EV policy

Electric Vehicles India

But the plan doesn’t provide financial or tax support to help Australian motorists to switch to a eco-friendly vehicle. However before the last election in 2019, Morrison denied his support for electric vehicles at a press conference in Melbourne. He said the battery-powered cars would not “tow your trailer.”.

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Here are all the used EVs that qualify for a $4,000 tax credit

Baua Electric

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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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car.