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. Cars Direct reported that the BMW 2024 BEV Conquest Program includes several other brands, including Audi, Mercedes-Benz, Polestar, Porsche, Rivian, and Lucid. Ford Mustang Mach-E and VW ID.4
Green Car Congress
APRIL 11, 2019
US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp.,
Green Car Congress
JUNE 4, 2010
The US Internal Revenue Service certified that the BMW ActiveHybrid 7 ( earlier post ) qualifies for up to a $900 tax credit under the Alternative Motor Vehicle provision. The ActiveHybrid 7 combines an electric motor with BMW’s 4.4-liter The ActiveHybrid 7 combines an electric motor with BMW’s 4.4-liter Earlier post.).
The Truth About Cars
APRIL 17, 2023
With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. Formerly eligible models from BMW, Audi, Volkswagen, and Volvo have been bumped off the list.
The Truth About Cars
JANUARY 16, 2024
percent interest with 20 percent down, Investopedia suggests a total purchase price for your shiny new car – including taxes and whatever other fees a dealer feels like charging that day – at just $16,687. In this economy whilst making a hundred grand. Same goes for the myriad of decade-old BMW X5s and Merc C-Class sedans.
Teslarati
NOVEMBER 4, 2022
However, the global backlash regarding EV tax incentives has been fierce. The act makes any EV that isn’t assembled in North America ineligible for tax incentives of up to $7,500. Hence, an EV produced by Hyundai in South Korea or BMW in Germany, for instance, would not be given an incentive.
Green Car Congress
JULY 9, 2015
Although the combined costs of insurance, repairs, maintenance and fees and taxes, are higher for nearly all diesel models, the lower depreciation values and lower fuel costs of diesel vehicles contribute to a lower total cost of ownership—especially among passenger cars and SUVs. —Bruce Belzowski.
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