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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). In this part 2 article, we’ll dive deeply into the elimination of the per manufacturer 200,000 EVs sold phaseout.

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New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp., ITC Holdings Corp.,

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Used Teslas now qualify for $4k tax credit, but there’s a tough hoop to jump through

Teslarati

Used Teslas will now qualify for the $4,000 tax credit through the Inflation Reduction Act (IRA) that is applicable for electric vehicles (EVs), Plug-In Hybrid Electric Vehicles (PHEVs), and Fuel Cell Electric Vehicles (FCEVs). However, there is one tough yet significant hoop to jump through for a used Tesla to qualify for the credit.

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Federal Tax Credit Rules For Electric Cars Delayed Until March

CleanTechnica EVs

The Inflation Reduction Act signed into law in August significantly altered the federal tax credit for electric cars. Previously, it was only available for the first 200,000 electric cars manufactured by any one automaker.

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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates

EV Life

That’s why it’s no surprise that the high sticker price of many electric vehicles, particularly Tesla models, has long been one of the main deterrents for people looking to buy a new car, truck, or SUV. Which brings us to Tesla. Tesla’s electric vehicles are by far the most popular EVs in the country. Not anymore.

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Tesla To Reap $1.8 Billion From IRA Incentives, All Model 3 Cars Eligible For Full Tax Credit

CleanTechnica EVs

Benchmark Mineral Intelligence is reporting that Tesla and Panasonic are expected to receive about $1.8 billion in Inflation Reduction Act production tax credits this year. That will put the two companies far ahead of the estimated $480 million that General Motors and LG Energy Solution are expected to receive.

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Elon Musk Talks Tesla, Taxes, Tesla’s Stock, & More At CodeCon 2021

CleanTechnica EVs

Tesla’s Elon Musk was interviewed by Kara Swisher at CodeCon 2021 today. He talked about a variety of issues there, including Tesla, taxes and stock options, Tesla’s stock price, his tweets, the SEC, and more.

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