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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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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 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?

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81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China.

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Electrification Coalition releases Fleet Electrification Roadmap; suggests fleet adoption could put a cumulative 200,000 PHEVs and EVs on the road by 2015

Green Car Congress

The analysis in the EC roadmap concludes that fleet adoption of grid-electric vehicles (PHEVs and EVs) could lead to a cumulative 200,000 units on the road by 2015. plug-in hybrid and electric vehicles (PHEVs and EVs)—highly attractive. Click to enlarge. Federal fleet electrification, including the Postal Service.

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How to Take Advantage of EV Charging Incentives for Fleets

Blink Charging

Types of fleet incentives Incentives come in different forms, but they are all meant to encourage businesses to invest in activities like electrifying their commercial fleet of light, medium, or heavy-duty vehicles. For initial research, the Blink Commercial Incentives tool will help you identify funding opportunities.

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How Truck Stops and Convenience Stores Can Benefit from Holiday EV Travel

Blink Charging

In addition, Blink recommends having at least one L2 charger to accommodate plug-in hybrid electric vehicles (PHEVs) and older EVs that cannot use DCFCs to charge. The federal tax credit is worth up to 30% of the installation cost, up to $100,000 per charger.

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