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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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California Air Resources Board adds another $25 million to expand clean vehicle rebate program

Green Car Congress

The California Air Resources Board (ARB) voted to immediately expand the funding and current waiting list for incentive funds that help consumers buy zero-emission and plug-in hybrid vehicles. That can be combined with an up to $7,500 federal tax credit and other regional incentives.

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SK On signs 5-year lithium hydroxide supply deal with SQM

Green Car Congress

The IRA offers a tax credit to consumers when they buy an EV with batteries equipped with a certain percentage of critical minerals extracted or processed in the US. The deal with SQM is expected to boost SK On’s efforts to meet the IRA requirements as Chile is a free trade agreement (FTA) partner with the US. Earlier post.).

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Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

Green Car Congress

Under the scheme, around 500 of the largest emitters in Australia—facilities that have direct greenhouse gas emissions of 25,000 tonnes of CO 2 -equivalent per year or more (excluding emissions from transport fuels and some synthetic greenhouse gases)—will need to buy and surrender to the Government a permit for every tonne they produce.

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How to Take Advantage of EV Charging Incentives for Fleets

Blink Charging

You can find incentives such as: Tax credits – These incentives lessen the amount of taxes that must be paid to the government for specific purchases. Government agencies at all levels provide incentives for buying EVs and/or installing electric vehicle infrastructure. Technology and market readiness resources.

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2023 was a tremendous year for both EVs and Plug In America!

Plug in America

Clean Vehicle Tax Credits Clean vehicle tax credits kicked into high gear in 2023. New federal EV tax credits were expanded and updated, and credits for used and commercial EVs became available for the first time in January. New Mexico adopted the Advanced Clean Cars II standard (ACC II).

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California to test electric-car 'point of purchase' rebate for electric cars

Green Car Reports

It's clear that incentives to buy specific cars work best when they can be applied directly at the time of sale. That's why purchase rebates are widely preferred by electric-car advocates to tax credits, which may take up to 15 months to be usable, depending on the timing of the purchase and tax filing.

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