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kWh Billing and New EV Charging Tax Policies: What You Need to Know

Blink Charging

As both EV adoption increases and internal combustion engine vehicles have become more fuel efficient, states are seeking to offset lost revenue from the gas tax. With states enacting new kWh taxes on EVs and EV charging, we want to make sure you have the right information. kWh tax begins on July 1, 2025.

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Report: Toyota To Build Subaru Three-Row EV in Kentucky

The Truth About Cars

federal tax credits because they’re both built in Japan, making moving EV production to a domestic location the most logical next step for both. Several other automakers are considering or are in process with similar plans to meet the tax credit requirements. Neither automaker’s current EVs are eligible for U.S.

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How to Take Advantage of EV Charging Incentives for Fleets

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You can find incentives such as: Tax credits – These incentives lessen the amount of taxes that must be paid to the government for specific purchases. Maryland provides grants through its Clean Fuels Incentive Program (CFIP), which is administered by the Maryland Energy Administration. 40,000 for all other vehicles.

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Why Fleet Owners Are Electrifying Their Vehicles This Year

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Thanks to new tax credits for EVs and EV charging stations as well as lower fuel and maintenance costs for EVs, fleet managers can now save money while setting an example for other organizations. Limited time to claim tax credits for EV fleets There are currently numerous incentives to purchase EVs and EV charging equipment.

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Three Major Sources of Funding for EV Charging at Convenience Stores and Truck Stops

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. $5 billion is allocated for the NEVI program, which will be used by the states for the establishment of an interconnected national network of direct current fast chargers (DCFCs) along designated Alternative Fuel Corridors. Eligible funding amounts : Projects located in alternative fuel corridors: $1,000,000 – no maximum.

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Blink’s 2023 Year in Review

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There were also two new EV tax credits that began in 2023 : the Used Clean Vehicle Credit, worth 30% of the purchase price up to $4,000, and the Commercial Clean Vehicle Credit, which is worth 30% of the total cost of the vehicle, up to $7,500 for light-duty vehicles under 14,000 pounds and $40,000 for all other EVs.

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New Year’s Resolutions for EV Drivers

Blink Charging

These tax credits, worth up to $7,500 and up to $4,000, respectively, can be used as a down payment on a vehicle, helping to lower your monthly payments if you get financing. Note that new eligibility criteria restrict certain EVs from qualifying for this tax credit. Thinking of buying an EV? Considering a home charger?