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How Do the Electric Vehicle Tax Credits Work?

Blink Charging

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. It does not act as a rebate (until 2024).

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The EV Tax Credit: Buy Now or Wait Until 2024?

EV Life

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China.

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Motiv Power Systems introduces new medium-duty electric truck Argo

Green Car Congress

Motiv Power Systems announced the new Argo Series electric truck featuring a medium-duty EV cab designed from the ground up, with customer-driven miles and fleet owner feedback built in. Argo vehicles will be manufactured in the US and are eligible for the IRA tax credit and as well as select incentives programs.

Powered 370
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What EV Drivers Should Know About Leasing an EV This Year

Blink Charging

Electric vehicle (EV) adoption is increasing. Cox Automotive forecasts a notable surge in electric vehicle adoption, projecting a rise from 7.6% Seize the opportunity to explore, test, drive, and consider an electric vehicle for your next ride as manufacturers expand their product lines to meet growing consumer demand.

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Tesla set to build batteries at Giga Berlin faster than previously thought, despite recent reports

Teslarati

Tesla is still planning to build electric vehicle battery cells in Germany at Giga Berlin, and faster than previously projected. Earlier this week, the Wall Street Journal reported Tesla was planning to delay battery cell production outside of the United States as recently-signed tax credit plans benefit domestic battery manufacturing.

Building 145
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Volkswagen aims for sub-$35,000 EV in the U.S.

Teslarati

Volkswagen is aiming to bring an electric vehicle to the U.S. percent of the total market share , marking a new all-time record for the U.S. Some EVs have only qualified for half of that amount because they are not completely assembled in North America. In the U.S., In Q3 2023, EVs made up 7.9