Blink Charging

JANUARY 11, 2024

The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. The Clean Vehicle Tax Credit for new EVs is worth up to $7,500 and the Previously Owned Clean Vehicle Tax Credit is worth up to $4,000. Here’s what you need to know.

Tax Credit 119

Tax Credit Tax Clean Cleaning 119

Blink Charging

APRIL 13, 2023

Usually when discussing federal electric vehicle tax credits in the United States , most people are referring to the Clean Vehicle Credit (formerly the Qualified Plug-in Electric Drive Motor Vehicle Credit) for new EVs. But that’s not the only federal tax credit for buying an EV.

Tax Credit 95

Tax Credit Tax Clean Cleaning 95

The Truth About Cars

JULY 12, 2023

Axios recently highlighted the issue and found that dealers have EV inventory sitting on their lots for extended periods, suggesting that supply is significantly outpacing demand. Part of the issue with some EV models is their sky-high price tags, and the most expensive models aren’t eligible for government tax credits.

Dealers 98

Dealers Tax Credit Gas-Electric Supplies 98

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. Electric vehicle (EV) adoption is increasing.

Tax Credit 94

Tax Credit Tax North America Clean 94

Blink Charging

JANUARY 4, 2024

Starting this year, the Clean Vehicle Credit for new or used EVs can now be applied at the point of sale. These tax credits, worth up to $7,500 and up to $4,000, respectively, can be used as a down payment on a vehicle, helping to lower your monthly payments if you get financing. Don’t block the charging station.

Tax Credit 60

Tax Credit Tax Charging Buy 60

Blink Charging

OCTOBER 31, 2023

Federal Incentives for Purchasing an EV Among the federal government’s incentives for drivers, you can find tax breaks for both new and used EVs that are in place until the end of 2032. As long as your modified AGI is below the threshold in one of the two years, you can claim the credit. Must be used primarily in the US.

Tax Credit 74

Tax Credit Tax Purchase Alternative Fuels 74

The Truth About Cars

AUGUST 10, 2023

Those who follow the automotive industry will have undoubtedly noticed that dealer inventories are slowly approaching levels that would have been considered normal before the pandemic. Take rates for plug-in hybrids have also increased, albeit at a much slower rate. That’s about double the average for gasoline vehicles.

Tax Credit 98

Tax Credit Automobile Gasoline-Electric Supplies 98