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 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. Beginning in 2023, there are two new EV tax credits: the Used Clean Vehicle Credit and the Commercial Clean Vehicle Credit.

article thumbnail

CARB launches $40M CORE incentive program for clean off-road freight and cargo handling equipment, vehicles

Green Car Congress

The “Clean Off-Road Equipment Voucher Incentive Project” (CORE) will feature a streamlined voucher process for buyers to receive funding that will offset the higher costs of clean, zero-emission equipment including terminal tractors, transport refrigeration units, cargo-handling equipment and more. Railcar movers.

Clean 170
article thumbnail

Ford Plans New Build-To-Order System To Reduce The Cost Of Electric Cars

CleanTechnica EVs

Ford CEO Jim Farley will meet with dealers next week in Las Vegas to describe changes to the sales process for its electric cars.

article thumbnail

Nikola marks 100-salesorder milestone for Nikola Tre Hydrogen FCEV Class 8 truck; bolstered by HVIP

Green Car Congress

Nikola announced that Nikola and its dealer network have received orders for 100 Class 8 Nikola Tre hydrogen fuel cell electric vehicles (FCEVs). 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.

Hydrogen 186
article thumbnail

Lightning Systems all-electric medium-duty vehicles selected for State of California contract

Green Car Congress

The voucher program can reduce the upfront cost of advanced zero emissions fleet vehicles by 40 to 70 percent. HVIP was formed by CARB to respond to a key market challenge by making clean trucks and buses more affordable for fleets.

article thumbnail

Five EVs that lease for under $300/month

Baua Electric

The Hyundai IONIQ 6 / Credit: Hyundai North America Last February there were nine EVs that leased for an average monthly cost of under $400 before tax and license. A fifth EV, one that leased for over $400/month back then, has plunged into the sub-$300 club after a $120/month cut in cost. Hyundai dealers don’t stock many of these gems.

Dealers 52