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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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Ansys releases pre-lockdown global survey on vehicle electrification

Green Car Congress

US respondents are split when it comes to when they’ll consider purchasing an EV. Nearly one-third of those surveyed already own an EV or plan to buy one within five years. Conversely, 39% of respondents would only buy an EV if gasoline-powered vehicles were no longer available.

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Congressional Budget Office estimates US federal policies promoting EVs and other fuel-efficient vehicles will cost $7.5B through 2019; little or no impact on gasoline use and GHG in the short term

Green Car Congress

Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. That finding takes into account both the higher purchase price of an electric vehicle and the lower fuel costs over the vehicle’s life. Source: CBO. Click to enlarge.

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What EV Drivers Should Know About Leasing an EV This Year

Blink Charging

Although the $7,500 consumer tax credit for buying an electric car is becoming more restrictive for new vehicles adhering to specific manufacturing requirements , there’s a provision enabling consumers to still enjoy the credit when leasing an EV assembled outside of North America.

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Tips for purchasing a new EV amid a vehicle shortage

Plug in America

With record-setting gasoline prices across the nation, a record number of drivers are considering EVs. If you are open to colors and options and want your EV sooner, a good dealership will keep your information and notify you when a unit is available for purchase. .

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Buying an EV amid high demand and supply chain issues

Plug in America

With record-setting gasoline prices across the nation, an increasing number of drivers are considering electric vehicles (EVs). Across the nation, there are more than 20,000 EVs available for purchase. This is important to make sure that the vehicle you are thinking of purchasing will provide the range you need to drive without worry.

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

Clean Fleet Report

Contrary to popular opinion, electric cars can perform better than gasoline-powered vehicles. Car dealerships will advise you on the frequency of maintenance needed at the time of purchase. With more users gearing towards purchasing electric vehicles, a surge in demand has drastically hit the electric automobile industry.