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Study finds EV buyers want rebates, not tax credits; government could have saved $2B

Green Car Congress

A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. The current federal electric vehicle tax scheme is a pain.

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Comment on Factbox: China's NEV purchase tax policy changes from Jan 1, here's how by DORAMAS

CN EV Post

Simply put, consumers who buy NEVs with an invoice amount exceeding RMB 339,000 are required to pay purchase tax. Models that support battery swap get preferential treatment.

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Tesla embraces new immediate EV tax credit system

Teslarati

Tesla has embraced the new immediate use of the EV tax credit, which was announced last year by the IRS and Department of the Treasury. In October , the IRS and Department of the Treasury announced that it would issue new guidance regarding the EV tax credit, with the changes taking effect in 2024. Buying an EV?

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Comment on Factbox: China's NEV purchase tax policy changes from Jan 1, here's how by Hector Landes

CN EV Post

Simply put, consumers who buy NEVs with an invoice amount exceeding RMB 339,000 are required to pay purchase tax. Models that support battery swap get preferential treatment.

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New Jersey Approves Additional EV Road Use Taxes

The Truth About Cars

As more electric vehicles hit the roads, states are grappling with the change in tax revenues they’re seeing as a result. EV buyers don’t pay gas taxes, slashing millions out of state highway budgets and making it hard to afford planned improvements.

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Why Labor’s new tax cut on electric vehicles won’t help you buy one anytime soon

The Driven EV News

Labor says its electric vehicle tax cuts ar e“good for motorists, good for climate action and good for fleet purchases”. The post Why Labor’s new tax cut on electric vehicles won’t help you buy one anytime soon appeared first on The Driven. They won’t, however, help most Australians afford one.

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Tesla China: Top gov’t meeting confirms NEV purchase tax exemption extension

Teslarati

Tesla China will likely see its momentum in the domestic EV market accelerate, thanks to the country’s NEV purchase tax exemption being renewed next year. The NEV purchase tax exemption, which was launched in 2014, allowed most consumers who purchase green vehicles to save about RMB 10,000 (around $1,500).