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Government of Canada releases framework for ending fossil fuel subsidies

Green Car Congress

The Government of Canada’s commitment to eliminating inefficient fossil fuel subsidies signals both greater support for clean technology as well as emission reductions across the economy from traditional sectors. Support Indigenous economic participation in fossil fuel activities. definition of subsidies as a reference.

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Optimizing Car Leasing Tax Advantages

Clean Fleet Report

Optimizing Car Leasing Tax Advantages The UK Business Benefits This article may contain affiliate links. In this blog post, we’ll explore why leasing a car, like a Cupra Formentor or a Nissan Leaf, can be an ideal choice for your business, both in terms of financial benefits and tax advantages.

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IRS invites consumers to comment on EV tax credit qualifications

Teslarati

The Internal Revenue Service (IRS) is inviting consumers to share comments on the electric vehicle tax credit qualifications. Some variants of the Tesla Model Y and the Ford Mustang Mach-E will not receive any incentives from the IRA at all, yet some vehicles that use fossil fuels will. We’ll update you if/when we receive one.

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Texas considers EV tax, and EV owners are on board

Teslarati

The Texas State Legislature is considering levying a tax against EV owners to fund road upkeep and improvement, and EV owners are on board. However, that reduced cost is now being challenged by a tax proposed by Texas State Legislature members that would either tax EV owners per mile driven or yearly with a flat fee.

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Tesla’s move to Texas labeled ‘betrayal’ of California, a way to escape paying taxes

Teslarati

Additionally, a commonly spread myth about all billionaires attempting to avoid paying taxes is also being thrown into the mix, further adding fuel to a fire that doesn’t really need to exist. Musk has responded to inquiries in the past about his taxes, stating that most of his net worth is tied up in Tesla stock.

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President Biden signs Inflation Reduction Act, cut EV tax incentives

Teslarati

President Joe Biden will sign the Inflation Reduction Act today, and the act will cut EV tax incentives with it. According to manufacturers, roughly 70% of electric, PHEV, and fuel cell electric vehicles are no longer eligible for incentives. What do you think of the article? Do you have any comments, questions, or concerns?

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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates

EV Life

However, in California, as gas prices have soared and EV technology has continued to improve, we’ve started to see larger fuel savings on the back end, greater accessibility to charging stations, and a jump in electric vehicle popularity. Any unused funds are not available as a refund or to be used on the following year’s taxes.