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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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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).

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Optimizing Car Leasing Tax Advantages

Clean Fleet Report

Optimizing Car Leasing Tax Advantages The UK Business Benefits This article may contain affiliate links. One strategy that’s gaining popularity among UK businesses is leasing, particularly when it comes to cars. Tax Benefits Now, let’s delve into the tax benefits of leasing a car for your business.

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Tesla $7,500 credit up front, Toyota affordable EVs, Ram electric vans: Today’s Car News

Green Car Reports

And Tesla buyers can now get the $7,500 EV tax credit up front—if they qualify. This and more, here at Green Car Reports. Tesla has started applying the EV tax credit at the time of purchase—via its own website and affecting the up-front. Toyota pushes back about the viability of affordable EVs.

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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

However, these annual costs don’t take into account the purchase cost of the vehicle itself and are purely the ‘running’ costs annually. When the purchase cost of each type of vehicle is factored in, average gasoline vehicles are $1,454 per year cheaper to run. —Lauren Bringle, Accredited Financial Counselor at Self Financial.

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Senate tax plan leaves electric-car purchase credit in place

Green Car Reports

income-tax credit for purchase of an electric car took a new turn on Thursday. HR1, the draft Tax Cut and Jobs Act introduced in the House of Representatives, would end the credit as of December 31. Senate version of the tax-reform bill introduced late Thursday, however, retains the credit.

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Tesla offers $3,750 December discount—same as EV tax credit

Green Car Reports

Some Tesla purchases will qualify for at least $3,750 off under the revamped EV tax credit starting January 1. But the automaker on Thursday started this rolling a little early—as a discount of $3,750 on its most popular Model 3 or Model Y electric cars.