article thumbnail

How to Get the Federal Clean Vehicle Tax Credit This Year

Blink Charging

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.

article thumbnail

What EV Drivers Should Know About Leasing an EV This Year

Blink Charging

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.

article thumbnail

An Overview of Charging Incentives in Oregon

EV Connect

In this blog post, we will provide an overview of these incentives, including eligibility requirements and application procedures. Additionally, EV owners in Oregon can save on state taxes, as the Oregon Department of Environmental Quality reports that EVs are exempt from the Clean Vehicle Rebate Program fees.

Oregon 92
article thumbnail

How to Take Advantage of EV Charging Incentives for Fleets

Blink Charging

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. Grants – Lump sums of money for specific purposes that you do not have to repay. Grant award amounts vary and may cover up to 100% of the incremental AFV cost.

Fleet 52
article thumbnail

Three Major Sources of Funding for EV Charging at Convenience Stores and Truck Stops

Blink Charging

Charging and Fueling Infrastructure (CFI) Discretionary Grant Program The Charging and Fueling Infrastructure Discretionary Grant Program (CFI Program) is designed to supplement the NEVI program with funds for communities and along designated Alternative Fuel Corridors (AFCs).

Store 52
article thumbnail

What You Need to Know About Owning Versus Leasing Fleet EVs

Blink Charging

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.

Fleet 52
article thumbnail

Electric Vehicles Could be your Solution to the Current Gas Prices

Blink Charging

Electric Vehicle Rebates, Grants, Incentives. Credits and rebates are likely to cover any difference in the initial price. Tax credits and rebates are usually available on the purchase of an EV. Those credits often go as high as $7,500. For example, some car dealerships commonly offer a free charge.