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

EV Life

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. The dealership then submits “time of sale” paperwork to the IRS, and the IRS reimburses the dealer the credit amount.

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Using the PHEV (Plug-In Hybrid Electric Vehicle) to Transition Society Seamlessly and Profitably From Fossil Fuel to 100% Renewable Energy

Green Car Congress

Since it can refuel from a standard household outlet and from a gasoline station, it needs no new infrastructure. As shown in Figure 1, for electricity, the PHEV can plug into a standard existing electrical outlet, and for supplementary power it can fill its tank from a standard, ubiquitous and familiar fuel station.

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