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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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Driving Dystopia: Pickup Sales Are Probably Going to Decline in the UK

The Truth About Cars

What I assumed would be a quick chat quickly devolved into my being educated on British tax codes, especially the benefit-in-kind (BIK) taxes applied to any items of value provided to employees. For corporate automobiles that also see private use, benefit-in-kind taxes are calculated as a perk on top of the base salary.

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Mercedes-Benz Reportedly Rethinking North American EV Strategy

The Truth About Cars

The dealers attended a market-wide retailers meeting in Vancouver held in May and noted that the automaker was fretting about consumer hesitancy over expensive electric vehicles. Many just can’t afford electric vehicles.” He did say that statistics suggest the momentum for its battery-electric EQ vehicles is building. “In

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Electric Vehicle Adoption Divide Mapped

The Truth About Cars

The populace is split between gasoline-loving Luddites, endlessly bemoaning the current regulatory landscape and smug EV adopters who proselytize battery-powered vehicles with all the zealotry of a religious fanatic. The study suggested battery-electric sales comprised 8.6 percent witnessed in June of 2022.

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2021 Toyota RAV4 Prime PHEV: 42 mile EV range/600 total miles! A smash hit!

Current EV

By John Coulter, CURRENT EV CMO In its new Prime, Toyota offers a RAV4 green version that employs a hybrid drivetrain relying on a gas engine and electric motors that draw power from a plug and regenerative braking. There are 2 Prime trims, SE and XSE, both equipped with All-Wheel Drive and a fully-electric hybrid powertrain.

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Governor Pataki On Board

Plug In Partners

T his story comes from the Energy Blog. Plug-in hybrid vehicles can be plugged into the electric grid – such as a normal 120 volt household outlet - to boost mileage. The expansion of the State’s Empire Zones program to provide tax benefits to clean energy companies regardless of where they are located in New York State.

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Report: Automakers Collectively Revise Goals for Electric Vehicles

The Truth About Cars

Companies weren’t just vowing to sell all-electric vehicles, they were claiming a fundamental shift in transportation was about to happen. A once clear vision of a rapid transition to an electric vehicle future has blurred. So the pivot was to try and get the tax base to subsidize the pivot to all-electric vehicles.