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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. Federal EV Tax Credit To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car.

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California ARB mods to ZEV regulations for IVMs would result in ~1.9% drop in total ZEV/TZEV units 2018-2025; no impact on air quality requirements

Green Car Congress

The current ZEV requirements for MY 2018 and following focus the program on ZEVs (battery-electric and fuel cell vehicles) and transitional ZEVs (TZEV)—typically plug-in hybrid electric vehicles (PHEV). ARB calculates that by 2025, compliance with the requirements will likely result in more than 15% of new sales being ZEVs and TZEVs.

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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

Passage by the Senate is far from a certainty and will require all 50 yes votes including from conservative-leaning Democrat Senator Joe Manchin of West Virginia to the Independent Senator Bernie Sanders of Vermont. Download PDF version. Summaries of the Major Proposed Changes.