Buy Legal Purchase Tax 
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?
Baua Electric
MAY 3, 2024
Then you should know that 21 states and union territories (UTs) are offering up to 25% discount on personal vehicle price or road tax for customers who scrap their old vehicles and buy a new one, stated a Times of India news report. The tax can be up to 50% of your road tax and is based on the pollution level in your state.
Green Car Congress
OCTOBER 12, 2014
A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.
EV Adoption
JANUARY 22, 2022
There are no legal or financial reporting requirements that would compel Stellantis to publish the specific sales numbers for the Wrangler 4xe, however, doing so would actually provide credibility and proof of its “best selling” claim.
The Truth About Cars
JUNE 27, 2023
The deal between Lordstown Motors and Foxconn was finalized in May of 2022, with the latter entity buying the former General Motors plant for roughly $230 million. Foxconn was intended to assume production responsibilities after buying $50 million of LMC stock, with an anticipated $170 million being invested later on.
EV Connect
OCTOBER 9, 2023
While studies show that 30% of newer drivers aged 18-25 plan to buy an EV next, the overwhelming majority (58%) in the US still plan to stick with gasoline. Cost (and Cost Comparison) A recent study showed 67% of would-be purchasers claim cost is a primary concern. Tesla, for example, is now one of the world’s most high-profile brands.
EV Life
MAY 5, 2023
This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car.
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