Remove Clean Remove Miles Remove Purchase Remove Tax
article thumbnail

Nikola Tre FCEV receives CARB ZEP Executive Order for HVIP eligibility; $240,000 base incentive per truck

Green Car Congress

Upon final HVIP approval, purchasers of the Nikola Tre FCEV in 2023 will be able to qualify for a base incentive valued at $240,000 per truck; $270,000 per truck for drayage fleets; or up to $288,000 per truck for fleets with (i) 10 trucks or less, (ii) performing drayage operations, and (iii) located within a disadvantaged community area.

Scrappage 435
article thumbnail

Independent study confirms cost savings & emissions advantages for heavy-duty trucks running ClearFlame’s engine technology

Green Car Congress

The study was conducted by Gladstein, Neandross & Associates (GNA) and commissioned by ClearFlame, whose investors include Bill Gates-founded Breakthrough Energy Ventures, John Deere, Mercuria, and Clean Energy Ventures. per mile lower than diesel trucks in over-the-road applications. per mile, lower than natural gas by $0.09

Emissions 370
article thumbnail

Nikola Tre FCEV receives CARB HVIP incentive eligibility; $240,000 to $288,000 per truck

Green Car Congress

Customers will also be eligible for a $40,000 clean commercial vehicle tax credit from the federal government due to the passage of the “Inflation Reduction Act”. Nikola’s Tre BEV, with a range of up to 330 miles, qualified for HVIP certification in California in January 2022.

article thumbnail

Polestar 3 is already on sale with a massive $7,500 purchase incentive

Baua Electric

Ahead of its debut, Polestar is already offering a massive $7,500 purchase incentive on the new electric SUV. Riding on the same platform as the Volvo EX90 , the Polestar 3 offers up to 300 miles EPA range. Polestar 3 electric SUV (Source: Polestar) The base Long Range Dual Motor starts at $83,900 with up to 300 miles range.

article thumbnail

New York State adjusts EV rebate program, adds $30M

Green Car Congress

An additional $30 million is now available through New York State’s Drive Clean Rebate program to encourage more consumers to lease or purchase an all-electric car or plug-in hybrid electric vehicle. Eligible vehicles under the Drive Clean Rebate include all-electric cars, plug-in hybrid electric cars, and fuel-cell-electric cars.

New York 321
article thumbnail

How Much is a Tesla? Much Less, After These Tax Credits and Rebates

EV Life

The reason for the price changes is due to several factors, including shifts in demand and changes to federal rules regarding which electric vehicles qualify for tax credits. In addition to the federal EV tax credit, we’ll examine the various state rebates and grants available to California drivers who qualify.

article thumbnail

How Does the Electric Car Tax Credit Work in 2023?

Setec Powerr

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.