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Tesla Model Y’s complete lineup now qualifies for EV tax credits through Inflation Reduction Act

Teslarati

Tesla’s complete lineup of Model Y trim levels now qualifies for electric vehicle tax credits through the Inflation Reduction Act, as the Internal Revenue Service (IRS) has increased the applicable MSRP limit to $80,000 across each of the all-electric crossover’s configurations.

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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. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. First, the easy part: How do I claim the $7,500 EV tax credit?

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Cadillac ELR EREV goes on sale in January, starting price $75,995

Green Car Congress

The 2014 ELR has a starting price of $75,995, including a $995 destination charge but excluding tax, title, license and dealer fees. Base price of a 60 kWh Tesla Model S—without Federal tax incentive, but with destination fee—is $71,070.) Official EPA estimates are not yet available. 2014 Cadillac ELR.

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Jeep adds new Willys 4xe to PHEV lineup

Green Car Congress

1 4WD low range ratio, heavy-duty Dana 44 axles and a new entry price point to the 2023 model year Wrangler 4xe lineup, which continues to be the best-selling plug-in hybrid in America. In this mode the powertrain will use battery power first, then add in propulsion from the 2.0-liter inches of ground clearance. liter engine.

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Survey Shows Auto Dealers Still Annoyed With Biden EV Strategy

The Truth About Cars

Thousands of dealerships have urged President Joe Biden to reconsider the proposal — which could be finalized as soon as March — arguing it would mandate an unrealistic shift to solely battery-powered vehicles before the market and infrastructure are ready. Electric vehicles are exciting.

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3 EV Charging Station Business Models for 2023

EV Connect

In 2022, the proportion of global car buyers who planned to purchase a fully battery-powered or hybrid EV passed 50% for the first time. The 2022 Inflation Reduction Act (IRA) renewed the 30C Tax Credit for installing EV Chargers. The consumer mindset is steadily shifting in favor of electric vehicles (EVs).

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What EV has the Best Bang for the Buck?

Clean Fleet Report

Bronson, Tampa, FL With some 43 new battery-powered electric vehicles (EVs) debuting in the U.S. The increased competition among carmakers for your EV dollars means lower prices all around; indeed 14 different EVs sport sticker prices of $40,000 or below. EV buyers still qualify for up to $7,500 in tax credits.

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