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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates

EV Life

Buying a new car is one of the most significant purchases you’ll likely make in your life, so you want to make sure you’re getting the best deal available. The EV tax credit outlined in the Inflation Reduction Act of 2022 is non-refundable, meaning it can only be applied to money you already owe in the tax year you purchase your vehicle.

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President Obama calls for push on natural gas vehicle adoption and new technology

Green Car Congress

The President also called for new tax incentives to help companies (such as UPS) buy more clean trucks, and for continued government partnering with the private sector to develop up to five natural gas corridors along US highways. If more of these brown trucks are going green, more city buses should, too. That’s a great start.

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Nine EVs that lease for under $400/month: Ioniq 5, Solterra, Niro, Ioniq 6, more

Baua Electric

Hyundai IONIQ 5 (left) and IONIQ 6 (right) at Tesla Supercharger (Source: Hyundai) There’s a loophole in the stricter IRA federal tax credit that only applies $3750 rebates on North American-built cars and separately $3750 on domestic batteries. For whatever reason, all EVs get the full $7500 applied to leases, however.

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Mitsubishi to debut eight xEVs in next five years: hybrids, plug-in hybrids, EVs

Green Car Congress

The company displayed a plug-in hybrid crossover concept vehicle, called the PX-MiEV, at the Los Angeles Auto Show in 2009. The vehicle is expected to carry a MSRP of $29,995 before taxes and incentives.

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Next 10 report says widespread EV adoption in California could deliver significant economic benefits to the state by 2030 and 2050

Green Car Congress

These results indicate that wider and more rapid PEV adoption will benefit most Californians—whether they buy a PEV or not—by stimulating the overall economy and reducing harmful criteria pollution. This overall economic expansion generates billions in additional revenue per year from existing tax instruments.

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3 Reasons an Electric Vehicle is the Perfect Present

EV Match

As if one partner would buy two new cars – a significant purchase – for her and him as a complete surprise. So if you’re finding yourself persuaded to buy a car this holiday season, let it be electric. It’s hard to miss the corny holiday car commercials this time of year. Savings, Savings, Savings.

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Tips for purchasing a new EV amid a vehicle shortage

Plug in America

In larger metropolitan areas such as Los Angeles, Atlanta, or Seattle, where EVs are in high demand, prices are higher but have more inventory available than in suburban or rural areas. Remember, buying a pre-owned plug-in hybrid or EV is not the same as buying a pre-owned gasoline vehicle.