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Colorado Electric Vehicle Tax Credit Rises to $5,000

EV Life

The bill puts forth several measures aimed at advancing decarbonization in the state, including tax credits for industrial facilities to implement emission-reducing improvements, new spending for geothermal energy projects and geothermal electricity generation, the construction of sustainable aviation fuel production facilities, and more.

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The EV Tax Credit: Buy Now or Wait Until 2024?

EV Life

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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Electric Vehicle Spotlight: Financing a Volkswagen ID.4

EV Life

4 to its plant in Chattanooga, Tennessee, which allowed the popular SUV to join the ranks of EVs that qualify for the $7,500 federal tax credit. 4 has to offer, compare available trims, and take a look at how you can save money with EV incentives by financing through EV Life. 4 is on the CVRP’s list of eligible vehicles.

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Guide to California EV Incentives

EV Life

It’s no secret that motor vehicle emissions are one of the main sources of pollution in the state of California and one of the leading causes of climate change in the country. The only way to avoid more expensive and disruptive climate changes is to significantly reduce these emissions.

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The Best Electric SUVs on the Market

EV Life

We’re also going to show you how you can save big on financing your SUV by applying for an EV Climate Loan with EV Life. So, we’ve compiled a list of electric-powered SUVs with some of the longest ranges on the market for you to check out. The Model Y qualifies for the full $7,500 federal EV tax credit.

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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?

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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

You should consult your own tax, legal and accounting advisors before engaging in any transaction. Federal EV Tax Credit To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car.