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How to Get the Federal Clean Vehicle Tax Credit This Year

Blink Charging

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. The value of the tax credit allowed and any other purchase incentives.

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How Do the Used and Commercial Clean Vehicle Tax Credits Work?

Blink Charging

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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How Do the Electric Vehicle Tax Credits Work?

Blink Charging

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. First, the easy part: How do I claim the $7,500 EV tax credit?

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EV Charging Trends Multifamily And Commercial Properties Should Consider

CleanTechnica EVs

Enticing tax credits, expanded car model options, and high gas prices are all contributing to an increased number of consumers making the switch from a gas vehicle to an EV.

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Get Your Federal Charging Tax Credit and $100 Off a JuiceBox Charger

EV Match

The Alternative Fuel Infrastructure Tax Credit expires at the end of the year. Are you a commercial property owner that installed charging stations for public use? Don’t forget to take advantage of the 30% federal tax credit, up to $1,000 for residential properties and $30,000 for commercial properties.

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Leasing vs. Buying EV Charging Stations

EV Connect

This growth is far slower in the United States, likely due to a lack of charging stations. But, thanks to the combination of increasing tax incentives for charging stations and vehicles — and President Joe Biden’s proposal to add 500,000 charging stations nationwide — this trend may reverse sharply.

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How EV Charging Boosts Value at Commercial Real Estate

Blink Charging

Commercial real estate and electric vehicle (EV) charging are a natural fit. According to research firm Nareit, commercial real estate in the United States was valued at nearly $21 trillion in the second quarter of 2021. And Statista calculates that EV charging revenue will grow to $816.4 million by 2028.