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How to Get the Federal Clean Vehicle Tax Credit This Year

Blink Charging

The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. The Clean Vehicle Tax Credit for new EVs is worth up to $7,500 and the Previously Owned Clean Vehicle Tax Credit is worth up to $4,000. Here’s what you need to know.

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How Do the Used and Commercial Clean Vehicle Tax Credits Work?

Blink Charging

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.

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2021 Mitsubishi Outlander PHEV features upgraded powertrain, enlarged battery pack

Green Car Congress

(MMNA) announced pricing and availability of the 2021 Mitsubishi Outlander Plug-in Hybrid Electric Vehicle (PHEV) crossover. Outlander PHEV is substantially upgraded for 2021, and features a revised powertrain, an enlarged battery pack offering extended all-electric range, and increased performance from a new, more efficient, 2.4

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EV tax credit consequence: Plug-in vehicle lease prices are soaring

Green Car Reports

That’s because versus just a few days ago, a vast swath of EV and PHEV models are no longer eligible for the federal EV tax credit—now known as the Clean Vehicle Credit. Some shoppers for electric vehicles and plug-in hybrids are encountering severe sticker shock this weekend in monthly lease numbers.

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Road Test: 2023 Toyota RAV4 Prime XSE AWD PHEV

Clean Fleet Report

Be careful listening to self-anointed experts that owning a plug-in hybrid electric vehicle (PHEV) is not a wise choice or viable option when buying a new car. Those truly in the know have real world knowledge of why a PHEV is the perfect bridge between a gasoline-powered car and one propelled by only electricity.

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Yet another study shows plug-in hybrids aren’t as clean as we thought

Baua Electric

Plug-in hybrids (PHEVs) are thought to bring the best of both worlds – a large enough battery to take care of your daily tasks, paired with a gas engine for longer trips or when you can’t find a charger. For this reason, PHEVs have long been thought of as an ideal transitional technology between gas vehicles and electric ones.

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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. First, the easy part: How do I claim the $7,500 EV tax credit?