Remove Affordable Remove Cleaning Remove Cost Remove Tax Credit
article thumbnail

Upcoming Changes to the Clean Vehicle Tax Credit Explained

Blink Charging

To encourage clean and energy-efficient vehicle adoption, the United States government has made significant changes to the Clean Vehicle tax credit, to take effect from January 1, 2024. These changes make it easier for drivers to access tax credits when purchasing clean vehicles.

article thumbnail

Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

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.

article thumbnail

BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

The report “Decarbonizing Steel: A Net-Zero Pathway” outlines the path to making profitable, low-emissions steel and describes how a combination of falling hydrogen costs, cheap clean power, and increased recycling could reduce emissions to net zero, even while total output increases. Today’s new plants are tomorrow’s retrofits.

Hydrogen 221
article thumbnail

Feature: Bridging the EV Affordability Gap

Clean Fleet Report

The upfront cost of an EV is the biggest barrier to EV adoption, with the average cost of a new EV being 52 percent more than a gas vehicle. Rebates & Tax Credits Don’t Help Most Americans. However, with Senator Manchin saying no to Build Back Better, any improvements to the EV tax credit are now in limbo.

article thumbnail

Buyers Guide: Budget EV Options for Clean Transportation

Clean Fleet Report

Affordable Cars that Move the Green Needle. Price is one of the most significant roadblocks to clean transportation. Despite these trends, there are still affordable clean cars on the market today. Here are five budget options for sustainable transportation (with links to further Clean Fleet Report tests and news).

Clean 52
article thumbnail

NY state launces series of initiatives to encourage adoption of EVs

Green Car Congress

Time-of-use rate structures better align the price of delivering energy with the cost associated with delivering the energy at the time it is used. Drive Clean Rebate Initiative Supporting the Direct Purchase of 11,000 EVs. More than 40 different types of electric cars are available under the Drive Clean Rebate initiative.

New York 354
article thumbnail

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

Clean Fleet Report

One of the reasons behind the drastic increase in sales was the more affordable price range of the Tesla Model 3, a best-seller in the U.S., Say Goodbye to Fuel Costs. A small margin in the market drastically affects the cost of fuel and its availability. Low Maintenance Costs. Electric Vehicles are Affordable.