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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. It does not act as a rebate (until 2024).

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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

Green Car Congress

Eos Energy, a provider of safe, scalable, efficient, and sustainable zinc-powered long-duration stationary energy storage systems, announced Project AMAZE (American Made Zinc Energy), a $500-million planned expansion and a significant milestone to build 8 GWh of clean energy storage production capacity.

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Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

Green Car Congress

The US Senate has passed the Inflation Reduction Act, with nearly $400 billion in funding over 10 years for climate- and energy-related programs; among the myriad provisions in the 755-page bill are changes to the electric vehicle Federal tax credit of $7,500. At that time, this order process will close.

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Micromobility: Zapp Scooters Bring Style, Range and Fun to Urban Riding

Clean Fleet Report

Top speed is rated at 60 miles per hour—plenty for urban living, considering these are not freeway legal rides. California and other states have clean vehicle incentive and rebate programs, and a federal tax credit has been available. As with battery-powered cars, a low center of gravity delivers great handling, too.

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Pairing EV Charging with Solar Storage Opens a World of Possibility

Setec Powerr

By combining solar panels with energy storage systems, it is possible to power EV charging stations with clean energy from the sun. Some regions offer incentives for renewable energy projects, such as tax credits or rebates. However, one of the main concerns with EVs is the availability of charging stations.

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Polaris to buy Global Electric Motorcars LLC (GEM) from Chrysler

Green Car Congress

The six GEM passenger and utility models are legal on most streets with posted speeds of 35 mph or less. GEM cars are eligible for incentives and tax credits from clean-air districts and other governmental agencies. To date, GEM cars have driven more than 450 million emission-free miles.

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Top Factors Affecting EV Adoption

EV Connect

Incentives and restrictions The extension of the light-duty EV tax credit through 2032 locks in generous savings for consumers in the short term. The 200,000 vehicle cap on manufacturers has also been lifted, while credits have been extended to used and commercial EVs.

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