article thumbnail

Thousands of auto dealers sign up to offer new on-the-spot tax credit

Electrek

New year, new rules: As of January 1, things are about to get a little easier when it comes to getting your federal tax credit for buying an electric vehicle. And auto dealers are signing up in droves with the IRS. more… The post Thousands of auto dealers sign up to offer new on-the-spot tax credit appeared first on Electrek.

article thumbnail

How to Get the Federal Clean Vehicle Tax Credit This Year

Blink Charging

The United States federal government has made it even easier to buy a new or used electric vehicle (EV). The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. Here’s what you need to know.

article thumbnail

Tesla India might still get lowered import taxes

Teslarati

The Indian government is reportedly finalizing a new import tax policy that might encourage Tesla and other foreign electric automakers to invest in India. According to people familiar with the matter, the Indian government is thinking of offering lowered import taxes to freight electric vehicle (EV) manufacturers.

India 139
article thumbnail

Norway’s Auto Sales Hit 60 Year Low After Tax Increases

CleanTechnica EVs

Norway saw plugin electric vehicles take 76.3% share of the auto market in January, down from 90.5% The January auto market was highly anomalous due to the new year’s introduction of tighter auto emissions and tax increases, which had pulled sales forward into December. year on year.

Tax 110
article thumbnail

Tax credits are good, but on-the-spot tax credits are really killing it

Electrek

The new year rolled out a new plan where EV shoppers could get on-the-spot tax rebates when purchasing a new electric vehicle, with auto dealers then handling the paperwork and waiting to get reimbursed by the government.

article thumbnail

Rane Brake Lining Q4 profit after tax rises 28% – ET Auto

Baua Electric

Auto component company Rane Brake Lining saw a 28% jump in net profit for Q4FY24 at INR 15.4 Strong growth was driven by demand from two wheelers and passenger vehicle segments,” said a company statement. The company achieved the highest sales for the quarter and fiscal year with sales to OE customers growing 18%. at INR 186.7

Tax 52
article thumbnail

Automakers win extension on use of Chinese graphite in EV tax credits – ET Auto

Baua Electric

Treasury Department on Friday gave automakers additional flexibility on battery mineral requirements for electric vehicle tax credits on some crucial trace minerals from China, such as graphite. 1 restricting Chinese content in batteries eligible for EV tax credits of up to USD 7,500, which sharply cut the number of eligible vehicles.