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One Year Later, IRA Responsible for Tens of Thousands of American Jobs & Billions in Investment

Plug in America

The IRA provides funds for a variety of activities from increasing solar and wind energy capacity and home improvements to save money on energy to installing EV charging and reducing the upfront cost of EVs. billion investment in a new EV battery manufacturing facility in Marshall, Michigan, which will create 2,500 good-paying jobs.

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3 Electric Vehicle Trends in the Growing Market

EV Connect

This high rate of EV adoption in California is likely attributable to its widespread legislation — including tax incentives and financial assistance — that help to encourage the creation of EV infrastructure and the purchase of electric vehicles by individuals and businesses. It would be impractical to try and list all of them.

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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable. More on this below.

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We Need More Than Just Electric Vehicles

Cars That Think

The total cost of purchasing and driving one—the cost of ownership—has fallen nearly to parity with a typical gasoline-fueled car. Scientists and engineers have extended the range of EVs by cramming ever more energy into their batteries, and vehicle charging networks have expanded in many countries. EVs have finally come of age.

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U.S. EV buyers will get the $7,500 tax credit with a few catches

Teslarati

The United States Electric Vehicle Tax Credit is one of the most notable advantages of purchasing a battery-electric car. Senate on Tuesday will require the cost of the vehicle to be under $40,000. Earlier this year, a $12,500 EV tax credit was discussed. A new amendment passed by the U.S.