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How Do the Electric Vehicle Tax Credits Work?

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Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. The good news is that there are now tax credits for individuals and businesses that buy or lease a new or used electric vehicle! First, the easy part: How do I claim the $7,500 EV tax credit?

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kWh Billing and New EV Charging Tax Policies: What You Need to Know

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The electric car market is experiencing massive growth, exceeding 10 million in sales in 2022. As a result, regulations and guidelines related to electric vehicles are changing frequently, and consumers and charging station hosts must be aware of new developments.

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Why Fleet Owners Are Electrifying Their Vehicles This Year

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The best time to transition your business vehicle fleet from internal combustion engine (ICE) vehicles to electric vehicles (EV) is now. Thanks to new tax credits for EVs and EV charging stations as well as lower fuel and maintenance costs for EVs, fleet managers can now save money while setting an example for other organizations.

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Hyundai Offering Free Chargers to EV Buyers, Swelling Industry Incentives

The Truth About Cars

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.

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U.K. Government Pushes Gasoline Car Ban to 2035

The Truth About Cars

UK Prime Minister Rishi Sunak announced on Wednesday that he’s delaying bans the government had previously made for gasoline-powered vehicles. greenhouse gas emissions to net zero by 2050. It also reportedly bemoaned Sunak’s decision to approve new North Sea oil and gas drilling. just needed more time. That’s probably true.

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5 Ways Owning an EV Can Save You Money

Blink Charging

For the time being, some electric vehicles (EVs) are more expensive to buy than their internal combustion engine (ICE) counterparts. Of course, you still have to purchase the vehicle, but the federal government will give you a tax credit of up to $7,500 if you and the vehicle both qualify for it. cents per kilowatt hour (kWh).

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Electric Vehicle Adoption Divide Mapped

The Truth About Cars

The populace is split between gasoline-loving Luddites, endlessly bemoaning the current regulatory landscape and smug EV adopters who proselytize battery-powered vehicles with all the zealotry of a religious fanatic. The study suggested battery-electric sales comprised 8.6 There’s plenty of overlap between the two groups.