Blink Charging

OCTOBER 6, 2023

As both EV adoption increases and internal combustion engine vehicles have become more fuel efficient, states are seeking to offset lost revenue from the gas tax. With states enacting new kWh taxes on EVs and EV charging, we want to make sure you have the right information.

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Tax Charging Virginia Gas-Electric 52

Baua Electric

FEBRUARY 25, 2024

Hyundai IONIQ 5 (left) and IONIQ 6 (right) at Tesla Supercharger (Source: Hyundai) There’s a loophole in the stricter IRA federal tax credit that only applies $3750 rebates on North American-built cars and separately $3750 on domestic batteries. For whatever reason, all EVs get the full $7500 applied to leases, however.

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Hyundai Dealers Los Angeles Tax 52

Teslarati

JUNE 24, 2022

Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning. “The purchase of the BEV Lease is to aid in our goal of delivering carbon neutrality by 2050 by controlling the vehicle battery through its life, keeping it in the Ford network.”

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EV Life

MAY 5, 2023

This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car.

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Tax Credit Tax Dealers Personal 52

Teslarati

JANUARY 8, 2024

During CES 2024, Panasonic Energy of North America’s president Allan Swan said the Japanese company is still planning to build a third electric vehicle (EV) battery plant in the United States. The Internal Revenue Service (IRS) has already released the list of EVs eligible for tax credits under the Inflation Reduction Act (IRA).

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Tax Credit Oklahoma Batteries Battery 105