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How Do the Electric Vehicle Tax Credits Work?

Blink Charging

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. The good news is that there are now tax credits for individuals and businesses that buy or lease a new or used electric vehicle! First, the easy part: How do I claim the $7,500 EV tax credit?

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Is A Tax On Electricity (kWh) Consumed The Best Way to Supplement the Fuel Tax for Electric Vehicles?

EV Adoption

As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fuel taxes as drivers of gas-powered cars do at gas stations. Unfortunately there is currently no simple and agreed upon best replacement for the fuel tax.

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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

Across the US the average annual cost of running an electric vehicle is $2,721.96, while gasoline vehicles cost an average of $3,355.90 When the purchase cost of each type of vehicle is factored in, average gasoline vehicles are $1,454 per year cheaper to run. per year to run—a difference of $633.94

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T&E concludes that diesel cars emit more CO2 on a full lifecycle basis than gasoline cars

Green Car Congress

tonnes more CO 2 than an equivalent gasoline car over its lifetime due to a more energy-intensive refining of the diesel fuel; more materials required in the production of heavier and more complex engines; higher emissions from biodiesel blended in the diesel fuel; and longer mileage because fuel is cheaper. l/100 km (37.3 mpg US) and 7.1

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Ansys releases pre-lockdown global survey on vehicle electrification

Green Car Congress

Nearly one-third of those surveyed already own an EV or plan to buy one within five years. Conversely, 39% of respondents would only buy an EV if gasoline-powered vehicles were no longer available. Americans cite too few charging points and too high upfront cost as the leading barriers to buying an electric vehicle.

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Buying an EV amid high demand and supply chain issues

Plug in America

With record-setting gasoline prices across the nation, an increasing number of drivers are considering electric vehicles (EVs). There are many factors to consider, such as battery health, usable range, and charging options. While EV batteries are known to last the life of the vehicle, a used EV may have less range than when it was new.

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Hong Kong closed a tax loophole; is Tesla ancillary damage?

Green Car Reports

Government officials in Hong Kong have eliminated a popular tax exemption that made electric vehicles much cheaper to buy than comparable gasoline-powered models. Now Tesla worries it could take the brunt of the blowback.

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