Remove America Remove Cost Of Remove Dealers Remove Tax Credit
article thumbnail

Fisker scraps direct sales and turns to auto dealers for sales

Teslarati

“I went to my accounting department and asked what is the cost of selling a car? We decided we would rather give that money to a dealer so that we could expand faster,” said Henrik Fisker, the CEO, President, and Chairman of the EV startup. Fisker wants auto dealers to sell the company’s all-electric Ocean crossover.

Fisker 100
article thumbnail

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.

article thumbnail

Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles 

Electric Vehicles India

Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles . A proposed US tax credit for new electric bicycle purchases bumped backed up to a full 30%. The bicycle market in India is valued at USD 0.9 billion with 15 million bikes a year. billion, a fraction of the European market.

article thumbnail

Nissan Sets US MSRP for 2011 LEAF EV at $32,780; As Low as $25,280 with Federal Tax Credit

Green Car Congress

Nissan North America, Inc. NNA) set the US MSRP for the 2011 Nissan LEAF electric vehicle, which becomes available for purchase or lease at Nissan dealers in select markets in December and nationwide in 2011, at $32,780. The average cost for the charging dock plus installation will be $2,200.

article thumbnail

Lease Buyout Offers Loophole to EV Incentive Restrictions

EV Life

The most significant incentive, outlined in the Inflation Reduction Act of 2022 , comes in the form of a $7,500 tax credit for eligible drivers and vehicles. As with most government incentive programs, there are a lot of rules and restrictions regarding who qualifies for the credit. However, there’s a catch.

article thumbnail

Blink’s 2023 Year in Review

Blink Charging

Thanks to our new network integrations, we are proud to offer a global Blink Charging experience, so EV drivers can use the same global Blink mobile app at thousands of locations in North America, Latin America, Europe, and Asia. Moreover, they must fulfill wage and apprenticeship requirements to qualify for a maximum 30% tax credit.

article thumbnail

President Obama announces $1B National Community Deployment Challenge to spur deployment of alternative-fuel vehicles; new purchasing incentives; new EV Everywhere research grand challenge

Green Car Congress

Tax credits. Removing the cap on the number of vehicles per manufacturer eligible for the credit and, instead, ramping down and eventually eliminating the credit at the end of the decade.