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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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Hertz announces ‘strategic decision’ to slash EV fleet

Teslarati

Hertz said that a portion of the proceeds from the sale will go into the purchase of combustion engine vehicles, which are being utilized at a higher demand. The filing sheds light on why a fleet of Tesla vehicles have already been listed for sale in a program that Hertz is calling “Rent2Buy.” ” Hertz inked a $4.2

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Kia EV9 wins, Fisker franchises, Tesla tops BYD, leather in EVs: The Week in Reverse

Baua Electric

Which EVs made the tax-credit shortlist in 2024? The Kia EV9 is Green Car Reports’ Best Car To Buy 2024. 2024 Rivian R1S A preliminary list of 2024 EVs qualifying for the tax credit was released early this week by the EPA, and as expected there are very few models qualified for the full $7,500 amount.

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OPINION: Musk’s distaste for Biden incentives would even EV playing field

Teslarati

Tesla CEO Elon Musk had an idea during an interview last evening with the Wall Street Journal: Get rid of government incentives for everyone, including electric vehicles, gas, and oil subsidies. It is no secret that Tesla fans have felt slighted by President Joe Biden and other members of his administration. Likely not.

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Autonomy debuts EV subscription service in Austin, TX

Teslarati

“Our fleet is predominantly Tesla Model 3s, and we have a couple of Modely Ys. We asked if Tesla’s move to Austin played any role in Autonomy’s decision to launch in Austin. Scott pointed out that although it did not, Tesla’s move probably played a key role in Austin’s EV registrations going up.

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Hyundai Ioniq 6 deal, affordable Honda and Toyota EVs, Civic and Elantra hybrids: The Week in Reverse

Baua Electric

How can you claim up to $7,500 off some new Tesla models at the time of purchase? Which automaker announced plans to embrace the Tesla charge connector and reignite an offbeat kind of internal combustion engine, all in the same week? Looking at the latest “Highland” Model 3, as priced last week, it undercuts the Tesla by $9,000.

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Feature: Top 6 Reasons Why an EV Is the Right Choice

Clean Fleet Report

One of the reasons behind the drastic increase in sales was the more affordable price range of the Tesla Model 3, a best-seller in the U.S., Tesla’s Model 3 paved the way to powerful, affordable EVs. An electric car has no internal combustion engine burning fossil fuels. Check your local situation before you buy.