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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

The dealership then submits “time of sale” paperwork to the IRS, and the IRS reimburses the dealer the credit amount. These new guidelines simplify the process for drivers, providing an immediate financial incentive at the point of sale and making dealers, not individuals, collect the tax credit from the IRS.

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CalCars and PHEVs Frequently Asked Questions

Tony Karrer Delicious EVdriven

Fuel cell cars should be plug-in hybrids so that the fuel cell is used only for extended range, and the fuel cell stack and hydrogen storage can be smaller. Toyota has had a battery recycling program since 1998 and even offers dealers a $200 bounty to ensure batteries arent just thrown away (described at end of linked document).

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

Fisker $80,000 Karma series luxury 50-mile range series PHEV, S Sunset convertible version.Partnering with Quantum Technologies. Establishing dealer network. General Motors Chevy Volt series PHEV, which it calls "extended range electric vehicle" (EREV), part of "E-Flex" multi-fuel platform. Plans Saturn Vue PHEV-10.

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