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New Jersey Approves Additional EV Road Use Taxes

The Truth About Cars

As more electric vehicles hit the roads, states are grappling with the change in tax revenues they’re seeing as a result. EV buyers don’t pay gas taxes, slashing millions out of state highway budgets and making it hard to afford planned improvements.

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Why Labor’s new tax cut on electric vehicles won’t help you buy one anytime soon

The Driven EV News

Labor says its electric vehicle tax cuts ar e“good for motorists, good for climate action and good for fleet purchases”. They won’t, however, help most Australians afford one. The post Why Labor’s new tax cut on electric vehicles won’t help you buy one anytime soon appeared first on The Driven.

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Tesla Semi will be incredibly affordable with US’ revamped EV tax credit

Teslarati

The bill allocates $369 billion for programs that help fight climate change and preserve the environment, and it also includes a number of revamped EV tax credits. Tesla’s official website for the Semi indicates that the expected base price of the vehicle’s 300-mile variant is $150,000.

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Tesla Model 3 Highland leases qualify for IRA tax credit loophole

Teslarati

Tesla Model 3 Highland leases are more affordable thanks to a loophole in the Inflation Reduction Act about commercial vehicles. Tesla calculated that Model 3 Highland lease payments would be $329 monthly, excluding taxes and fees. The IRA’s assembly and battery requirements do not apply to commercial vehicles.

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Next 10-UC Berkeley study suggests additional tax revenue or income-based rate structure to make electricity more affordable for Californians

Green Car Congress

We’re proposing solutions that would recover system costs through sales or income taxes, or an income-based fixed charge, which would pay for long-term capital costs while ensuring all those who use the system—and specifically, wealthier households—contribute equitably. The report examines a variety of implementation options for this model.

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Tesla’s cheapest Model 3 with the 2024 tax credit might surprise you

Teslarati

Treasury’s updated guidance on the federal electric vehicle (EV) tax credit has officially taken effect. With some of Tesla’s vehicles losing access to the credit in 2024, one Model 3 configuration is currently looking more appealing than ever.

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Volkswagen ID.4 with SK ON battery components eligible for full $7,500 tax credit in 2024

Teslarati

4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal tax credit for electric vehicles. 4 units with batteries from SK On qualify for federal tax credits. 4 EV may choose to apply the tax credit as a down payment for the vehicle. The 2023 ID.4 Only VW ID.4