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New Jersey Approves Additional EV Road Use Taxes

The Truth About Cars

As more electric vehicles hit the roads, states are grappling with the change in tax revenues they’re seeing as a result. EV buyers don’t pay gas taxes, slashing millions out of state highway budgets and making it hard to afford planned improvements.

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How to Get the Federal Clean Vehicle Tax Credit This Year

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The United States federal government has made it even easier to buy a new or used electric vehicle (EV). 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. Here’s what you need to know.

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What EV Drivers Should Know About Leasing an EV This Year

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Electric vehicle (EV) adoption is increasing. in 2023, which witnessed a record 1.2 The progression from 9% in 2022 underscores the growing prominence of EVs. This expansion broadens consumer choices for EVs, potentially leading to cost savings through reduced lease prices or rebates. automotive market.

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China is Unhappy with the Inflation Reduction Act and Has Complained to the WTO

The Truth About Cars

Among many other things, the Inflation Reduction Act changed the way EV tax credits work in the United States. With an eye on reducing America’s dependence on Chinese batteries and materials, the Act incentivizes automakers to source materials from free-trade-compliant countries and build EVs in North America.

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Mexico Won't Offer EV Incentives to Chinese Automakers

The Truth About Cars

Even so, the Mexican government isn’t rolling out the red carpet due to pressure from the United States. Automotive News reported that the country would not offer tax incentives or land discounts to Chinese automakers. They also want to take action to protect American EVs from cheap or subsidized Chinese models.

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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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Notable Updates are Coming to the VW ID.4 for 2024, but Only the More Expensive Models

The Truth About Cars

4s, but the EV is getting an update heading into the 2024 model year to keep it current. 4 range, it remains the only European EV that qualifies for federal tax credits in the United States. 4 one of the most affordable EVs on sale today. Volkswagen has sold tons of ID.4s, The new model is also expected to qualify.