article thumbnail

Chevrolet Volt MSRP Starts at $41,000, $33,500 Net of Full Federal Credit; 3-year Lease Program with Option to Buy

Green Car Congress

GM will introduce the Chevrolet Volt extended range electric vehicle with a starting MSRP of $41,000; after applying the Federal income tax credit of $7,500, the price drops to $33,500. Customer deliveries are scheduled to begin in launch markets late this year, with initial production of 10,000 units for the first year.

Volt 199
article thumbnail

Mullen’s electric trucks earn CARB certification, qualifying for over $45k in customer savings

Baua Electric

can take advantage of the total incentives for buying zero-emissions vehicles – rebates that can go as high as $45,000 per truck. Mullen also points out that combined with the $7,500 federal tax credit , commercial customers can purchase a new THREE electric truck at a net cost below $20,000.

article thumbnail

EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

You should consult your own tax, legal and accounting advisors before engaging in any transaction. Federal EV Tax Credit To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car.

article thumbnail

News: 2023 Genesis Electrified GV70 AWD

Clean Fleet Report

The philosophy of quality and expectations need to be met, as Genesis is an unknown entity to much of the car buying public. All base pricing includes the mandatory $1,125 destination fee, and qualifies for the federal $7,500 tax credit and any state rebates. The Electrified GV70 comes in two trim levels.

Hyundai 90
article thumbnail

US DOE Awards $300 Million in Clean Cities Grants to Support Alternative Fuels, Vehicles, and Infrastructure Development

Green Car Congress

s Connecticut Clean Cities Future Fuels Project. The stations will allow the fleets to lower their costs by buying fuel in bulk, access federal motor fuel excise tax credits, refuel at the times most convenient to their schedules, and model successful use of propane to nearby peers. Total DOE award: $13,299,101.

article thumbnail

Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

Connecticut Green Bank. It will also list current tax credits and incentives applicable to EV charging. Signatories to the Guiding Principles to Promote Electric Vehicles and Charging Infrastructure include the following industry members, agencies, organizations, and states: Avista. Berkshire Hathaway Energy. ChargePoint.

Obama 150
article thumbnail

Your Questions Answered: How Much Does It Cost to Charge an EV?

Blink Charging

The cost of buying an electric vehicle is slowly coming down, making it easier for more drivers to go electric. EV drivers can enjoy tax credits and lower maintenance costs. In a state like North Dakota, electricity can be under 10 cents/kWh while in Connecticut, it may cost over 33 cents/kWh. Here’s what the math says.