The Truth About Cars

APRIL 3, 2024

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. & [Image: Natalia Bratslavsky via Shutterstock] Become a& TTAC& insider.

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New Jersey Tax Affordable IDEA 102

Green Car Congress

OCTOBER 9, 2020

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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Purchase Cost Of Price Gasoline-Electric 321

Green Car Reports

NOVEMBER 13, 2017

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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Tax Purchase Tax Credit Electric Cars 121

Electric Cars Report

JANUARY 26, 2024

4 models (when released with SK On components) that are placed in service in 2024 will be eligible for the full $7,500 Federal Tax Credit on a purchase by a qualifying purchaser, making the ID.4 4s are eligible for full $7,500 Federal Tax Credit appeared first on Electric Cars Report.

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Tax Credit Tax Purchase America 104

CleanTechnica EVs

APRIL 14, 2023

Consumers have a new resource for finding plug-in electric and fuel cell vehicle tax credits. Current owners and those considering an electric vehicle purchase can access a free tool developed by ORNL researchers for fueleconomy.gov.

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Tax Credit Tax Electric Cars Electric 98

Teslarati

JANUARY 10, 2024

Tesla calculated that Model 3 Highland lease payments would be $329 monthly, excluding taxes and fees. In fact, Car and Driver wrote about it a year ago. Tesla models eligible for IRA tax credits in 2024 The loophole lies in the IRA’s tax credit qualifications for commercial vehicles.

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Tax Credit Highlander Tax Puerto Rico 131

Electrek

DECEMBER 26, 2023

New year, new rules: As of January 1, things are about to get a little easier when it comes to getting your federal tax credit for buying an electric vehicle. more… The post Thousands of auto dealers sign up to offer new on-the-spot tax credit appeared first on Electrek. And auto dealers are signing up in droves with the IRS.

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Tax Credit Dealers Tax Auto 120

Teslarati

NOVEMBER 18, 2021

Tesla and other electric vehicles are beginning to dominate the roads in Norway, leaving very few internal combustion engine (ICE) cars to tax. Last month, 11,579 new passenger cars were registered in Norway, 1,369 (-10.6%) fewer cars compared to October 2020, as per the Norwegian Road Traffic Information Council (OFV). .

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Norway Tax Fuel Tesla 145

Teslarati

MARCH 6, 2024

Tesla has launched a two-seater Model Y for business owners in France, helping them qualify for a unique tax loophole. France’s tax loophole for business owners requires a utility vehicle to be used in “a professional context” and must be limited to two or three seats in the front and zero in the back.

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France Tax Tesla Fleet 125

Green Car Reports

DECEMBER 1, 2022

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.

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Tax Credit Tax Tesla Purchase 146

CleanTechnica EVs

MARCH 16, 2024

federal EV tax credit provided that the customer meets all purchase and income qualifications for the EV tax credit as outlined in Internal Revenue Code Section 30DOpens. continued] The post 2024 Nissan LEAF Regains Eligibility for up to $3,750 EV Tax Credit appeared first on CleanTechnica.

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Tax Credit Tax Nissan Nashville 84

InsideEVs

DECEMBER 6, 2023

The $7,500 tax credit for plug-in car purchases is changing again in 2024. Some vehicles are on the chopping block.

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Tax Credit Tax Ford Purchase 107

The Truth About Cars

MARCH 6, 2024

The automaker recently announced that its upcoming Prologue EV would be eligible for federal tax credits of $7,500, meaning buyers can get around 15 percent off the SUV’s purchase price at the point of sale. Tax credits bring the Prologue’s starting price down to $41,295 after a $1,395 destination charge.

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Tax Credit Tax Honda General Motors 96

Green Car Reports

JANUARY 17, 2024

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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Affordable Tax Credit Toyota Tax 136

Electric Cars Report

MARCH 8, 2024

7,500 EV tax credit. The federal tax credit applies to the purchase of all 2024 Prologues built after Feb. EV Tax Credit appeared first on Electric Cars Report. Honda announced that most all-new 2024 Honda Prologue models, the first all-electric Honda SUV, will qualify for the U.S.

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Tax Credit Honda Tax Purchase 57

Teslarati

JANUARY 3, 2024

General Motors is sidestepping the loss of the electric vehicle tax credit on its vehicles and will still offer a big $7,500 discount on cars for customers. In December, GM said it would temporarily lose eligibility for the credit on some of its cars. These cars are set to be built after the sourcing change occurs.

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Tax Credit General Motors Tax Motor 102

Setec Powerr

APRIL 26, 2023

One such incentive is the electric car tax credit, designed to help offset the initial cost of EVs for buyers. Section 1: Overview of the Electric Car Tax Credit in 2023 1.1 In 2023, the tax credit remains available for eligible new electric vehicles but has undergone some changes compared to previous years.

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Tax Credit Tax Electric Cars Cars 52

Green Car Reports

MARCH 18, 2021

Tesla lobbied the United Kingdom government to raise taxes on gasoline and diesel cars in order to fund higher subsidies for electric cars, The Guardian reported Tuesday.

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Tax United Kingdom Diesel Fuel Tax 170

Green Car Congress

AUGUST 9, 2022

The Inflation Reduction Act , which the Senate passed last week, revamps the electric vehicle Federal tax credit of $7,500 ( earlier post ). Among the changes are an extension of the tax credit through 2032, the removal of the unit-sales cap of 200,000 per OEM, and a new mandate for qualified cars being assembled in North America.

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Tax Credit Tax Convert Batteries 334

EV Central

MAY 7, 2024

Fresh data reveals used electric vehicles are now in high demand as buyers look to cash in on low retained values and tax benefits related to novated leasing. The top 10 used car movers are listed below: March 2024 fastest moving used cars. The top 10 used car movers are listed below: March 2024 fastest moving used cars.

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BYD Australia Tesla Cars 124

Drive Electric

MAY 25, 2021

April 2020 was a watershed moment for electric vehicles (EVs) as company cars. The UK government slashed electric company car tax, instantly making EVs much more attractive for businesses and employees. Here we take a look at what company car tax is, what’s changed, and how it compares between different types of cars.

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Tax Companies Cars Electric 95

Green Car Reports

JULY 11, 2014

After a slow start, electric cars could take another step forward in China as the country decides to waive its 10 percent purchase tax on the vehicles. Electric car sales have been abysmal in China while those in the U.S, Europe and.'

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Purchase Tax China Electric Cars 163

Green Car Reports

MAY 12, 2017

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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Purchase Electric Cars Tax Credit California 137

Teslarati

OCTOBER 29, 2021

Malaysian government officials are petitioning and working toward making electric vehicles exempt from taxes, including import and excise duties, as well as road taxes. According to Paultan , a Malaysian automotive news site, supporting politicians are proposing a 100% exemption from the road tax for EVs.

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Malaysia Tax Buy Purchase 145

Green Car Reports

JANUARY 9, 2018

Virginia is for lovers—and it may soon be for lovers of electric cars and plug-in hybrids, too. Reid [D-32nd] has proposed a bill, expected to hit the House floor Wednesday, that would see buyers of electric vehicles receive a state-tax rebate of up to $3,500. Currently, Virginia's green-car incentives are.

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Virginia Tax Purchase Electric Cars 117

CleanTechnica EVs

JULY 11, 2022

New study finds the current tax credit scheme for encouraging electric vehicle purchases is less valuable to car buyers and less equitable WASHINGTON — Financial incentives play an important role in the widespread adoption of electric vehicles.

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Tax Credit Tax Electric Vehicles Washington 98

CleanTechnica EVs

AUGUST 3, 2022

This bill would establish a federal tax credit for businesses to purchase electric and plug-in hybrid […].

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Purchase Congress Tax Credit Commercial 141

Blink Charging

APRIL 13, 2023

Usually when discussing federal electric vehicle tax credits in the United States , most people are referring to the Clean Vehicle Credit (formerly the Qualified Plug-in Electric Drive Motor Vehicle Credit) for new EVs. But that’s not the only federal tax credit for buying an EV. What is the federal US Used Clean Vehicle tax credit?

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Tax Credit Tax Clean Cleaning 95

Blink Charging

NOVEMBER 16, 2023

To encourage clean and energy-efficient vehicle adoption, the United States government has made significant changes to the Clean Vehicle tax credit, to take effect from January 1, 2024. These changes make it easier for drivers to access tax credits when purchasing clean vehicles. What Is the Clean Vehicle Tax Credit?

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Tax Credit Tax Clean Cleaning 52

Green Car Reports

FEBRUARY 12, 2014

For Georgia electric-car owners, things aren''t looking too peachy this week. Legislation proposed by Representative Chuck Martin last Thursday night would end the $5,000 electric-vehicle tax credit by April 1, the Atlanta Business Chronicle reports.

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Tax Credit Georgia Purchase Tax 141

CN EV Post

APRIL 3, 2023

Wang Chuanfu, chairman and president of BYD (OTCMKTS: BYDDY), suggested in an April 1 speech at the China EV 100 Forum that China should extend the NEV purchase tax exemption to 2025, hoping the move would be fast-tracked to stabilize expectations, according to a video replay seen by CnEVPost.

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Tax BYD China Purchase 78

Baua Electric

MARCH 6, 2024

Nissan and the IRS announced today that the Leaf has regained eligibility for the federal tax credit for electric vehicles. With now $3,750 in tax credit, the Leaf can start at just $24,400 – making it one of the cheapest EVs in the US. Starting in 2024, the credit can also apply directly at the purchase – reducing the cost directly.

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Tax Credit Tax Nissan Tennessee 52

CN EV Post

JUNE 3, 2023

The article starts with headlines.China TO EXTEND then begins with China IS EXPECTED then immediately in the next paragraph it says China WIL. I like this site but I think this particular article could be a bit clearer.

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China Purchase Tax Cars 114

Teslarati

JULY 20, 2023

Tesla’s tool helps customers realize the discounts they could receive for buying a sustainable vehicle, which state and the federal government have incentivized with tax credits. Here, we see Tesla buyers in State College, PA would only receive the $7,5o0 tax credit for a Model 3 purchase.

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Tax Tax Credit Maryland Tesla 85

The Driven EV News

JULY 31, 2022

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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Tax Buy Electric Vehicles Vehicles 129

Green Car Reports

FEBRUARY 11, 2018

Fears that Congress would kill the federal tax credit for purchase of a plug-in electric car were laid to rest in December when that incentive survived the $1.5 billion tax-cut bill.

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Tax Credit Tax Electric Motorcycles Congress 138

Green Car Reports

MAY 8, 2019

Electric-car sales skyrocketed in the U.S. The growth came not only as Tesla's production blew through its allotment of federal tax credits, but also as changes based on the 2017 tax law raised many taxpayers' tax bills, come last month. last year as Tesla Model 3 production ramped up.

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Tax Tax Credit Purchase 2017 99