Electrek

DECEMBER 26, 2023

New year, new rules: As of January 1, things are about to get a little easier when it comes to getting your federal tax credit for buying an electric vehicle. more… The post Thousands of auto dealers sign up to offer new on-the-spot tax credit appeared first on Electrek. And auto dealers are signing up in droves with the IRS.

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Clean Fleet Report

OCTOBER 25, 2023

How to Buy a Car Online A Step-by-Step Guide To Remove Risk This article may contain affiliate links. In the past year, worldwide car sales have increased significantly. In this article, we’ll detail a step-by-step guide on how to buy a car online so you can proceed in an informed manner. million in 2021.

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The Driven EV News

JULY 31, 2022

Labor says its electric vehicle tax cuts ar e“good for motorists, good for climate action and good for fleet purchases”. The post Why Labor’s new tax cut on electric vehicles won’t help you buy one anytime soon appeared first on The Driven. They won’t, however, help most Australians afford one.

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Green Car Reports

DECEMBER 16, 2021

The EV tax credit could be stalled for months in the Senate. The Lucid Air is a Best Car To Buy Finalist. This and more, here at Green Car Reports. We get a first look at an all-electric GMC Sierra. And how much does cold weather affect EV range?

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The Truth About Cars

MARCH 7, 2024

The automaker announced that the car has regained eligibility for federal tax credits, though for only half of the maximum $7,500. It’s followed not-so-closely by the Mini Cooper SE, but regaining tax credit eligibility is a significant boost. has a free-trade agreement. Image: Nissan] Become a& TTAC insider.

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Green Car Reports

DECEMBER 13, 2022

The IRS starts detailing what it needs for the revamped EV tax credit. We look at what didn’t make the finals for Best Car To Buy. This and more, here at Green Car Reports. Some Kia Niro EV models have been recalled. And the DOE backs the batteries for GM’s EV plan. billion.

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Teslarati

OCTOBER 29, 2021

Malaysian government officials are petitioning and working toward making electric vehicles exempt from taxes, including import and excise duties, as well as road taxes. According to Paultan , a Malaysian automotive news site, supporting politicians are proposing a 100% exemption from the road tax for EVs.

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Green Car Reports

DECEMBER 29, 2022

The EV tax credit continues to take form, and it may mean cheaper leases. Washington and Oregon join California in banning EV-only cars by 2035. And what can we see in all of our past Best Car To Buy winners? EV drivers are charging more in the winter, but are plug-in hybrid drivers charging often enough?

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CleanTechnica EVs

JANUARY 5, 2024

You’ve probably been frustrated this week if you were waiting for 2024’s cash rebate program to buy a General Motors. continued] The post Don’t Worry If Your Favorite GM EV Doesn’t Qualify For A Federal Tax Credit appeared first on CleanTechnica.

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Teslarati

JANUARY 30, 2024

With Europe’s gas phase-out plans now within view, the countries there could be set to lose significant funding from fuel taxes in the coming years. Still, the change could have some latent effects, especially as most countries get crucial revenue from taxes on gas. What about in other countries?

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Teslarati

NOVEMBER 29, 2023

Denmark planned to start phasing out a tax-free allowance on electric vehicles (EVs) next year, though the country’s latest budget passage will officially postpone those plans. According to the Danish Car Importers Association, this figure is expected to surpass 50 percent in 2024, especially given the new budget.

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EV Life

OCTOBER 7, 2023

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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Green Car Reports

JULY 2, 2022

It appears that sales of Toyota’s plug-in models in recent months were enough to trigger the automaker’s phaseout period for the federal EV tax credit this past quarter—leaving buyers less than nine months to buy a vehicle like the BZ4X electric car or RAV4 Prime plug-in hybrid and be able to claim the full $7,500 amount.

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The Truth About Cars

APRIL 10, 2024

Bristol Motor Speedway is selling a jar of rubber that was apparently shed by race cars during the Food City NASCAR race which took place on Saint Patrick's Day. I assume that price doesn't include tax and shipping. So, would you buy this as a souvenir/conversation piece? Sound off below.

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The Truth About Cars

NOVEMBER 30, 2020

COVID-19 has changed that, as 31 percent of those without a car intend to buy one in the next six months, and 45 percent of them are Millennials. EY, a global leader in assurance, tax, strategy, and consulting services, and […]. The post Millennials Really Do Intend to Buy Cars. Thank the Pandemic.

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The Truth About Cars

JANUARY 16, 2024

Case in point – a post on a website called Investopedia suggests that anyone making $100,000 per year should spend no more than roughly $15,000 on a car. for a car payment. In fact, I feel my headline figure of $15,000 is actually generous, since the $16,687 estimate includes dealer fees and taxes. Don’t take the TruCoat.

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Green Car Reports

JUNE 4, 2018

Last week, we reported that Tesla is close to reaching the end of its allocation of federal tax credits for those who buy its cars. The credits were passed after the 2007 federal Energy Independence and Security Act to promote the sale of electric cars. The credits amount to a $7,500 discount for most buyers.

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Teslarati

JULY 20, 2023

Tesla has added a state electric vehicle incentive tool that will calculate both federal and state incentive amounts for customers interested in knowing how much of a break they may receive for buying one of the company’s vehicles. The federal EV incentives have been driven by the Inflation Reduction Act.

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Electric Driver

SEPTEMBER 3, 2022

You may be wondering what is an electric car federal tax credit. The US government provides people incentives to switch from gas to electric cars and will give you up to a $7,500 tax credit to make the change. This article will cover why there is an electric car tax credit, who qualifies for it, […].

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Setec Powerr

APRIL 26, 2023

One such incentive is the electric car tax credit, designed to help offset the initial cost of EVs for buyers. Section 1: Overview of the Electric Car Tax Credit in 2023 1.1 In 2023, the tax credit remains available for eligible new electric vehicles but has undergone some changes compared to previous years.

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CleanTechnica EVs

JULY 22, 2023

In many an article about electric vehicle costs, we and others have pointed out that aside from the US federal tax credit for EVs, there are various state incentives for buying an electric vehicle as well. And that’s often where we stop. Which states? What models or types of electric vehicles qualify? Naturally, […]

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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.

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Green Car Congress

NOVEMBER 18, 2021

The site provides consumers with information to help guide buying decisions for all types of vehicles, including current EV federal tax credits, as well as operation and maintenance tips to save drivers money. Four of the models on the guide’s “best in class” list of cars by size are conventionally fueled.

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Teslarati

FEBRUARY 16, 2022

Amidst what appears to be an ongoing stalemate between Tesla and India, reports have recently emerged suggesting that the country is willing to consider the EV maker’s request for import tax cuts. And he would be right, considering that imported electric vehicles could receive taxes as high as 100%.

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Teslarati

AUGUST 1, 2022

Tesla China will likely see its momentum in the domestic EV market accelerate, thanks to the country’s NEV purchase tax exemption being renewed next year. The NEV purchase tax exemption, which was launched in 2014, allowed most consumers who purchase green vehicles to save about RMB 10,000 (around $1,500).

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EV Adoption

JULY 4, 2022

As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fuel taxes as drivers of gas-powered cars do at gas stations. Unfortunately there is currently no simple and agreed upon best replacement for the fuel tax.

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Green Car Reports

JANUARY 4, 2023

Chevy Bolt EV prices rise as the tax credit returns. This and more, here at Green Car Reports. Today we named our Green Car Reports Best Car To Buy 2023, and it’s not even. Volkswagen reveals its upcoming electric sedan. Cold-weather range is behind a Tesla fine.

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Green Car Reports

NOVEMBER 13, 2017

Today, after lots of anticipation, we revealed our Best Car To Buy 2018. We've also got possibly good news on the electric-car tax credit, clearly bad news on EPA plans to kill the Clean Power Plan, and best green-car deals for November. All this and more on Green Car Reports.

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Green Car Reports

JANUARY 6, 2024

Which EVs made the tax-credit shortlist in 2024? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending January 5, 2024. The Kia EV9 is Green Car Reports’ Best Car To Buy 2024. Which company faced a $1.7 billion fine for diesel emissions cheating?

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Blink Charging

FEBRUARY 23, 2023

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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Green Car Reports

JUNE 12, 2018

Last week, we reported that the federal tax credits for electric-car buyers are about to expire. Once any automaker sells 200,000 electric cars, the credits available to its buyers begin to wind down.

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Teslarati

AUGUST 29, 2022

The drive back was so worth it, but most people would not want to travel to pick up a car. “The drive back was so worth it but most people would not want to travel to pick up a car,” Price said. He also told me that he learned the hard way that buying a Tesla in California was different from purchasing a car.

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Green Car Reports

JUNE 28, 2019

Buyers who want to buy a Tesla have only a few days to take delivery if they want to earn a federal tax credit of $3,750 after they buy. Tesla is in the midst of the phase-out of its federal tax credit after it reported selling a cumulative total of 200,000 cars last July.

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Baua Electric

SEPTEMBER 1, 2023

. “One of the things we have been discussing is a two year-moratorium on the [tax credit] formula, which is currently based on income for the $7,500 credit, for it to be available for all makes, for all models, for all vehicles.” “That type of credit still needs to be accessible to everyone.”

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Baua Electric

JANUARY 3, 2024

You can score a 2023 Chevy Bolt EV for under $20,000 with new IRS rules allowing you to use the tax credit as a down payment. You can buy a Chevy Bolt EV for under $20,000 Rather than waiting until next year’s tax return, you can now use the EV tax credit at the point of sale. But you may want to act fast.

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The Driven EV News

OCTOBER 17, 2022

Some 40 per cent of small businesses say they will buy an EV for their employees if they get a fringe benefit tax incentive. The post Businesses will buy EVs if discount bill passes, survey says appeared first on The Driven.

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EV Adoption

AUGUST 18, 2021

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). In this part 2 article, we’ll dive deeply into the elimination of the per manufacturer 200,000 EVs sold phaseout.

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