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Study finds EV buyers want rebates, not tax credits; government could have saved $2B

Green Car Congress

A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. The current federal electric vehicle tax scheme is a pain.

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Tesla Semi will be incredibly affordable with US’ revamped EV tax credit

Teslarati

Battery costs are declining quickly, but even Tesla still lists its 300-mile Semi variant with an estimated starting price of $150,000. The bill allocates $369 billion for programs that help fight climate change and preserve the environment, and it also includes a number of revamped EV tax credits.

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How Does the Electric Car Tax Credit Work in 2023?

Setec Powerr

One such incentive is the electric car tax credit, designed to help offset the initial cost of EVs for buyers. Section 1: Overview of the Electric Car Tax Credit in 2023 1.1 In 2023, the tax credit remains available for eligible new electric vehicles but has undergone some changes compared to previous years.

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Ansys releases pre-lockdown global survey on vehicle electrification

Green Car Congress

US respondents are most likely to buy an EV if the government offers a federal/state tax credit. Most other countries were split as well, with the exception of China and India, where 65% and 77% of respective respondents would still purchase an EV without a tax credit.

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Tesla expects to fully meet Inflation Reduction Act requirements

Teslarati

During the recent earnings call a TSLA shareholder asked to elaborate on Tesla’s ability to meet the requirements for consumer tax credit eligibility under the Inflation Reduction Act. EV tax credits for Tesla and other capped-out automakers revived thanks to Senate deal. “Yes. That seems logical.

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Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

Green Car Congress

Direct transportation (fuel) taxes generate the greatest reductions in CO 2 emission from transportation, achieving CO 2 emissions at 86% of 2005 levels by about 2025. The largest reductions in GHG emissions from transportation are obtained by increasing the cost of driving with fuel taxes, resulting in lower emissions in 2030 than in 2010.

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Tesla supporters petition Sen. Manchin to stop excessive PHEV subsidies

Teslarati

Earlier this afternoon he asked on Twitter if any member of the Senate Democrats could justify a $7,500 tax credit for vehicles with 7 kWh batteries which cost less than $1,000. It also enables the further destruction of our environment. The Petition against the excessive $7,500 PHEV subsidies.

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