The Truth About Cars

NOVEMBER 30, 2020

COVID-19 has changed that, as 31 percent of those without a car intend to buy one in the next six months, and 45 percent of them are Millennials. EY, a global leader in assurance, tax, strategy, and consulting services, and […]. The post Millennials Really Do Intend to Buy Cars. Thank the Pandemic.

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The Truth About Cars

APRIL 29, 2024

That price hike will come as a disappointment to hopeful buyers, but it’s still the only car in the Model 3 line that qualifies for federal tax credits, which can make it less expensive than the Long Range variant in some configurations.

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The Truth About Cars

FEBRUARY 13, 2024

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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The Truth About Cars

FEBRUARY 9, 2024

but it’s clear we should all be thankful that we’re not facing steep taxes and penalties for continuing to buy gas vehicles. Electric vehicles have become an unnecessarily politicized product in the U.S.,

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The Truth About Cars

APRIL 24, 2024

The recently updated Model 3 lost tax credit eligibility in lower configurations, but the fresh Performance variant qualifies. The Model Y also saw a remarkable price cut to just $29,420 to start, and it qualifies for tax credits, making it a compelling buy against the exceedingly expensive competition.

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Blink Charging

JANUARY 19, 2024

Although the $7,500 consumer tax credit for buying an electric car is becoming more restrictive for new vehicles adhering to specific manufacturing requirements , there’s a provision enabling consumers to still enjoy the credit when leasing an EV assembled outside of North America.

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The Truth About Cars

JANUARY 11, 2024

The company announced that it would buy tens of thousands of electric vehicles from Polestar, BMW, Chevrolet, Tesla, and others and had aimed to purchase 100,000 Teslas by the end of 2022. While that splashy announcement likely netted the company new customers, it now has hundreds of EVs on sale as it moves to scale back its fleet.

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The Truth About Cars

APRIL 18, 2024

Automotive News reported that the country would not offer tax incentives or land discounts to Chinese automakers. That said, people there don’t buy that many of them, with EVs comprising just 0.5 Chinese automakers are expanding into Mexico, with companies like BYD opening dealerships across the country. It noted that the U.S.

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Blink Charging

NOVEMBER 9, 2023

In this blog, we will explore the advantages of both owning and leasing a commercial electric fleet. Advantages to buying EVs for your fleet There are three main benefits to buying EV fleet vehicles: tax incentives, asset control, and no restrictions on mileage. In addition, beginning on Jan.

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The Truth About Cars

MARCH 6, 2024

BMW is hoping to take some of the shine off of Tesla’s crown with a new incentive that gives buyers a $1,000 discount to buy one of its new EVs. While not currently eligible for federal tax credits, BMW’s EVs can be leased to receive the $7,500 discount others get.

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The Truth About Cars

APRIL 23, 2024

At around $70,000 to start, the brand’s R1T pickup and R1S SUV are out of reach for most buyers, even after the $3,750 federal tax credits for some models. You’ll still have to plop down a $1,000 non-refundable deposit to buy one, and the discounts are applied at the point of sale on the site.

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The Truth About Cars

APRIL 19, 2023

Though it’s now cheaper to buy a new Tesla Model 3 or Model Y, some are eligible for federal tax credits, making them even more appealing. Some Tesla rivals’ vehicles qualify for tax credits, but many do not. The Model Y saw prices fall across the board by $3,000, bringing the base price to $46,990.

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The Truth About Cars

MAY 11, 2023

That said, the expansion is aimed at the company’s Japanese operations, so it’s not a promising sign for buyers wanting a federal EV tax credit. I wonder if American consumers choose their cars solely based on tax credits. We have a higher ratio of customers buying Subarus with cash, and we also have low loan and lease rates.

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The Truth About Cars

DECEMBER 14, 2023

While a roughly $4,000 walk from the starting cost of last year’s rig, the extra cheddar buys a far better vehicle. The delightfully angular new Lexus GX, planned for deliveries early next year, has been given a price tag by the company’s pencil-necked accountants.

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The Truth About Cars

DECEMBER 28, 2023

EVs are entirely too expensive, and tax credit rules are confusing, making it difficult for the general car-buying public to afford an electric car and then understand how it impacts them financially going forward. Image: Iryna Imago via Shutterstock] Become a& TTAC insider.

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The Truth About Cars

JUNE 8, 2023

Should you buy a Camry, or should you buy a car from Elon Musk? The base Model 3 starts at $40,240, which can drop as low as $25,240 after accounting for the $7,500 federal EV tax credit and the $7,500 California tax credit. The Camry starts at more than $26,000 for comparison.

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The Truth About Cars

MARCH 21, 2024

Boston Consulting Group, an American-based global management consulting firm that issued the report, said the figure accounts for customer tax credits — painting a rather bleak picture for the future of EVs. Assuming production continues and the public ends up buying them in meaningful numbers, EV profitability should improve over time.

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The Truth About Cars

JULY 12, 2023

We’ve been hearing about the rise of electric vehicles for years, but while they are growing rapidly in number, there’s still a disconnect between an auto industry hell-bent on electrification and the desires of the people they rely on to buy new cars.

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Blink Charging

MAY 1, 2023

The White House recently implemented rules for various federal funding opportunities requiring companies to be Buy America compliant. The Buy America standards require that all steel and iron incorporated into a project must be produced in the United States. The EV charging industry is no different. For Blink, this means: U.S.

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Blink Charging

JANUARY 4, 2024

I resolve to… take advantage of incentives For anyone who is considering buying an EV or a Level 2 EV charger for their home , make sure you use all the incentives that are available to you. Thinking of buying an EV? Note that new eligibility criteria restrict certain EVs from qualifying for this tax credit.

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The Truth About Cars

SEPTEMBER 22, 2023

Hyundai is offering customers willing to buy an all-electric vehicle a Level 2 home charger for no extra cost. That makes the $33,550 (before any federal tax credits or state incentives) Kona Electric the most affordable way to take advantage of the deal. or from a free-trade agreement partner. or from a free-trade agreement partner.

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Blink Charging

OCTOBER 11, 2023

You can find incentives such as: Tax credits – These incentives lessen the amount of taxes that must be paid to the government for specific purchases. Government agencies at all levels provide incentives for buying EVs and/or installing electric vehicle infrastructure. 40,000 for all other vehicles.

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The Truth About Cars

FEBRUARY 1, 2024

About half of all dealerships also said they never bothered to register with the IRS to more easily facilitate EV tax credit exchanges. & Section 30D) issued by the federal government designed to help localize electric vehicle production and ensure wealthy shoppers (who tend to buy more EVs) weren’t being overly advantaged.

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Blink Charging

NOVEMBER 15, 2023

As mentioned in an International Parking and Mobility Institute (IPMI) blog , “parking revenues can return 50 to 65 percent net margins and can provide a much-needed cushion for an ailing budget.” Read our deep dive about how this EVSE tax credit works. But it’s not just about attracting new visitors to your healthcare facility.

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My Energi

NOVEMBER 16, 2022

You might have to compromise a little when it comes to colour, features or mileage, but the listings are packed with brilliant buys. 40 i (40 kWh) – Cheap to run, cheap to buy, the Renault Zoe is the perfect all-rounder. So, what’s the right car to buy right now? Renault ZOE Z.E.40

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The Truth About Cars

SEPTEMBER 21, 2023

Manufacturers aren’t producing these vehicles in sufficient quantities, the supportive infrastructure isn’t in place, and there's a significant portion of consumers that appear disinterested in buying non-traditional powertrains. You'll still be able to buy a combustion-engined vehicle until 2035,” he explained, noting that the U.K.

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Blink Charging

FEBRUARY 2, 2023

For the time being, some electric vehicles (EVs) are more expensive to buy than their internal combustion engine (ICE) counterparts. Purchase incentives Not every vehicle is one that the government will “pay” you to buy, but many EVs fall into this category. However, that higher upfront cost is mitigated in other ways.

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Driivz

MAY 15, 2023

The right business models can incentivize adoption People and businesses buy vehicles for transportation, not to serve as grid assets. It can also pave the way for consumer participation in energy arbitrage, which provides actual revenue through buying low and selling high.

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The Truth About Cars

JUNE 27, 2023

The deal between Lordstown Motors and Foxconn was finalized in May of 2022, with the latter entity buying the former General Motors plant for roughly $230 million. Foxconn was intended to assume production responsibilities after buying $50 million of LMC stock, with an anticipated $170 million being invested later on.

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My Energi

NOVEMBER 10, 2023

As a result, 60% of those aged over 55 were not interested in buying an EV full stop, while many other demographics would only consider purchasing if prices dropped considerably – a concerning picture indeed for the UK’s transition to electrification. Should range prevent you from buying an EV? 4] Is the additional £3.71

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Drive Electric

FEBRUARY 1, 2022

Price to Buy : From £45,645. However it may be the Mercedes badge that provides the most compelling reason to buy or lease the EQA 250. Vehicle tax rate (VED): £0. Benefit in Kind (BIK) company car tax liability (2021/22): 1%. Range (WLTP): 265 miles. DriveElectric’s ‘real-world’ range : 220 miles.

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Drive Electric

JANUARY 6, 2021

Financial incentives for battery electric vehicles will remain, including a rate of just 1% Benefit in Kind (BIK) company car tax from April 2021 for a period of 12 months. Looking further ahead, we see particularly high numbers of EV sales from 2025 onwards (around 50% of registrations).

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Driivz

FEBRUARY 15, 2022

MYTH 3: As more people buy EVs, utilities won’t be able to supply enough power to buildings or neighborhoods and homes for EV charging. And for at least the near term, only EVs have tax breaks and purchase incentives to further decrease TCO.

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Driivz

OCTOBER 4, 2021

The answer lies in a platform that supports flexible implementation options so you can “buy some, develop some, expand as you grow” as your needs dictate. Out-of-the-box solutions can support speed to market requirements and at the same time enable future growth by letting you buy only the modules you need.

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The Truth About Cars

DECEMBER 18, 2023

The plan created loads of incentives (tax credits, government subsidies, etc) for projects pertaining to “renewable energy.” Buying U.S. Steel has with its employees – including the collective bargaining agreements currently in place with the union. Steel would have pushed it beyond that while also cornering the domestic iron supply.

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Blink Charging

FEBRUARY 15, 2024

A couple of federal funding programs that pertain to truck stops and roadside convenience stores are: Alternative Fuel Vehicle Refueling Property Tax Credit National Electric Vehicle Infrastructure Formula Program (NEVI). Businesses claiming the federal EV charging station tax credit should use IRS Form 8911 when filing their business taxes.

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Drive Electric

JANUARY 26, 2022

Price to Buy : From £40,945. Vehicle tax rate (VED): £0. Benefit in Kind (BIK) company car tax liability (2021/22): 1%. Range (WLTP): 328 miles. DriveElectric’s ‘real-world’ range: 255 miles. Boot space : 490 litres. Length : 4695 mm. Price to Lease : Check latest deals. Kia EV6 – Facts & Figures.

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