EV Life
SEPTEMBER 2, 2022
The passage of the US Inflation Reduction Act includes nearly unlimited funding for a $7500 EV tax credit on new EVs through 2032. Electric cars will qualify for EV tax credits and the qualification rules for credits will be really confusing. Let’s start with what electric vehicles still qualify for EV tax credits in 2022.
EV Life
JANUARY 4, 2024
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?
EV Life
MAY 5, 2023
This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car.
EV Adoption
AUGUST 4, 2022
Additionally, the IRA could actually receive enough votes to pass, but not without potentially several significant changes — including to some of the EV tax credit requirements. That is a very good thing, but tying this requirement to a consumer-facing tax credit that results in few or zero EVs qualifying, is probably not the best approach.
Baua Electric
MARCH 26, 2024
Walmart’s strategic tax equity investment will drive the construction, operation, and maintenance of solar projects across five states – Illinois, Colorado, Maryland, Delaware, and California. In Colorado, 41 MW of those projects will serve low and moderate-income homes. Get started here. –ad*
Blink Charging
OCTOBER 31, 2023
Federal Incentives for Purchasing an EV Among the federal government’s incentives for drivers, you can find tax breaks for both new and used EVs that are in place until the end of 2032. Beginning in 2024, the consumer clean vehicle tax credits can be available at the point of sale by transferring your credit to the dealership.
Teslarati
JULY 2, 2022
Many states determine eligibility by fuel type, class of vehicle, whether the vehicle is new or used, and how the vehicle will be used (commercially or personally). Some of the most significant incentives exist or will exist, in Colorado, Connecticut, Illinois, Delaware, and Maryland.
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