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How to Get the Federal Clean Vehicle Tax Credit This Year

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The United States federal government has made it even easier to buy a new or used electric vehicle (EV). The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. Here’s what you need to know.

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With gas phase-out in view, Europe could lose $160 billion in fuel taxes

Teslarati

With Europe’s gas phase-out plans now within view, the countries there could be set to lose significant funding from fuel taxes in the coming years. Still, the change could have some latent effects, especially as most countries get crucial revenue from taxes on gas. What about in other countries?

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How Do the Electric Vehicle Tax Credits Work?

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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?

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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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Driving Dystopia: Pickup Sales Are Probably Going to Decline in the UK

The Truth About Cars

What I assumed would be a quick chat quickly devolved into my being educated on British tax codes, especially the benefit-in-kind (BIK) taxes applied to any items of value provided to employees. For corporate automobiles that also see private use, benefit-in-kind taxes are calculated as a perk on top of the base salary.

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Is it the Right Time to Buy an Electric Car?

Get Electric Vehicle

Facts such as The Tesla stock being the ‘HOT’ one in the market right now, Elon Musk rises to the richest person in the world, Governments providing incentives for electric vehicles , etc. ’ But when the question of buying an electric vehicle pops up, some of us are still can’t make a decision, and it’s not our fault.

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How EV adoption is soaring in unlikely circumstances, and what could make it better

Teslarati

The state of EV adoption is relatively healthy, with more Americans buying EVs than ever despite increased costs and extended wait times for delivery. “Americans are buying EVs at a record pace despite rising prices and long waits for delivery. Price Parity and the EV Tax Credit. EV Adoption grows despite rough conditions.