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How to Save Big on a Tesla with Colorado’s New EV Tax Credit

EV Life

Colorado is one of the newest states looking to accelerate widespread EV adoption through aggressive financial incentives, introducing an electric vehicle tax credit for its residents in 2023. Effective July 1st, 2023, Colorado drivers purchasing new electric vehicles under $80,000 MSRP now qualify for a $5,000 EV tax credit.

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The Budget 2009 - working towards sustainable transport

Green Cars News

Increasing company car benefit in kind tax in the future for all but the lowest carbon cars. Confirming the recently announced support for ultra low carbon Cars and infrastructure. This is intended to provide a greater incentive for drivers to choose a lower-carbon car within the class of vehicle they prefer.

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Lucid CEO Peter Rawlinson explains his compensation plan

Teslarati

Lucid CEO Peter Rawlinson explained his compensation plan during the luxury electric car maker’s Q4 2023 earnings call. So I think there’s a huge misperception that this onetime grant was received as a salary and somehow we replicate it as my salary in the future. For context, Lucid posted revenue of $157.2

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Must Read 40+ Electric Vehicle Interview Questions & Answers

Get Electric Vehicle

By integrating EVs with renewable energy generation, such as solar or wind power, it becomes possible to reduce reliance on non-renewable energy sources and create a more sustainable transportation ecosystem. These can include tax credits, rebates, grants, and preferential parking or access to certain areas.

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$12,500 EV Tax Credit included in revised Biden Build Back Better plan

Teslarati

However, EV enthusiasts are interested in the potential reintroduction of the EV tax credit, which is set to increase to a possible payout of $12,500 per electric car from the previous $7,500. The EV tax credit has been speculated upon since early 2021 as the terms of the incentive were still in the early stages of being determined.