article thumbnail

Used EV tax credit, union-built bonus part of House social and climate bill now headed to Senate

Green Car Reports

The infrastructure and social policy bills passed by the United States House of Representatives this week include many EV provisions, from investments in charging infrastructure to a rejuvenated EV tax credit. 5376) replaces the current federal EV tax credit with a new one that. Now they head to the Senate.

article thumbnail

Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.

article thumbnail

Upcoming Changes to the Clean Vehicle Tax Credit Explained

Blink Charging

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?

article thumbnail

How Do the Electric Vehicle Tax Credits Work?

Blink Charging

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. First, the easy part: How do I claim the $7,500 EV tax credit?

article thumbnail

VW ID.4 tax credit, Tesla price cuts, Jaguar and Range Rover EVs: Today’s Car News

Green Car Reports

4 is eligible for the full $7,500 EV tax credit. And Jaguar and Land Rover get a fresh charge for EVs. As part of an announcement confirming an $18.7 Tesla cut prices on the Model 3 and Model Y yet again. This and more, here at Green Car Reports.

article thumbnail

What Businesses Should Know about Changes to the 30C Tax Credit

EV Connect

Since 2018, the gold standard of federal tax credits for EV chargers has been U.S. Code 30C , more commonly known as the "Alternative Fuel Infrastructure Tax Credit" or the “30C Tax Credit.” That being said, for those eligible to receive the 30C tax credit, there is more money available than ever.

article thumbnail

Take Advantage of New York State EV Tax Credits and Save

EV Connect

New York is leading the charge toward the fuel of the future — electricity. Once your company takes advantage of federal EV tax credits, EV Connect can help you find available New York State EV tax credits that will help defray costs further and maximize your investment for years to come.