Green Car Congress

AUGUST 9, 2022

The Inflation Reduction Act , which the Senate passed last week, revamps the electric vehicle Federal tax credit of $7,500 ( earlier post ). Among the changes are an extension of the tax credit through 2032, the removal of the unit-sales cap of 200,000 per OEM, and a new mandate for qualified cars being assembled in North America.

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Tax Credit Tax Convert Batteries 334

Plug in America

JANUARY 5, 2021

If you purchased a new electric vehicle (EV) or charging equipment in 2020, you may be eligible to receive valuable tax credits. If you have questions regarding these tax credits, we recommend that you consult your tax advisor.

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Tax Credit Tax Electric Vehicles Charging 75

Green Car Congress

FEBRUARY 24, 2021

California’s current strategy of recovering a myriad of fixed costs in electricity usage rates must change as the state uses more renewable electricity to power buildings and vehicles, according to the findings from a new report from the Energy Institute at the UC Berkeley Haas School of Business and non-profit think tank Next 10.

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Affordable Tax San Diego California 221

Green Car Reports

JANUARY 16, 2018

Rather to the surprise of electric-car advocates, the massive tax bill passed by the U.S. Congress in December did not eliminate the federal tax credit for purchase of a plug-in electric vehicle. That credit lets buyers take a credit of $2,500 to $7,500 on their income-tax filing in the year of purchase.

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Tax Credit Tax Electric Cars Congress 74

Electric Vehicles India

NOVEMBER 1, 2021

Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles . The Indian electric bicycles market growth is valued at USD 0.1 Hero & Yamaha to jointly establish electric cycle drive units. Electric bikes back up to 30%, capped at the incentive of $1,500 in the US .

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Tax Credit Tax Electric Electrical 79

Green Car Congress

FEBRUARY 23, 2021

Ridesourcing vehicles’ high use intensity is economically attractive for electric vehicles, which typically have lower operating costs and higher capital costs than conventional vehicles. —Bruchon et al. Private and external costs of energy inputs vary across cities. Source: Bruchon et al.

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Tax Los Angeles Emissions Companies 199

Green Car Reports

DECEMBER 14, 2017

income-tax credit for purchase of a plug-in electric vehicle will not be killed after all. We'll likely never know whether it was the influence of auto lobbyists, pressure from the actual public, or a letter signed by two dozen mayors. But however the sausage was made, it appears that the U.S.

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Tax Credit Tax Electric Cars Plug-in 110

Green Car Congress

AUGUST 21, 2022

In the US, demand for new energy vehicles is set to increase as the newly passed “Inflation Reduction Act” extends tax breaks for new electric vehicle purchases—although eligibility for the tax break will be determined by the sourcing of critical materials, including lithium. Earlier post.). Source: Statista.

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Carbon Batteries Battery Lithium Ion 483

EV Adoption

SEPTEMBER 7, 2021

One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. How the Current Tax Credit Works For EV Buyers. And another 7 PHEVs qualify for credits of between $6,670 and $7,500.

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Tax Credit Tax Parts Purchase 59

Green Car Congress

DECEMBER 23, 2022

Nikola Corporation has received a California Air Resources Board (CARB) Zero Emission Powertrain (ZEP) Executive Order that is a requirement for Nikola’s Tre hydrogen fuel cell electric vehicle (FCEV) to be eligible for CARB’s Hybrid and Zero Emission Truck and Bus Voucher Incentive Project (HVIP) program.

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Scrappage Tax Credit Purchase California 435

Green Car Congress

OCTOBER 22, 2019

California Governor Gavin Newsom has signed AB 784 into law, thereby exempting zero-emissions transit buses from state sales tax until 2024. Trolley bus” means a rubber-tired, electrically powered passenger vehicle operated on city streets drawing power from overhead wires using trolley poles.

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Tax California Emissions Sale 199

Green Car Congress

JUNE 15, 2021

The study considers five different powertrains (internal combustion engine, hybrid-electric, plug-in hybrid-electric, fuel-cell-electric, and battery-electric) and 12 cost components (purchase cost, depreciation, financing, fuel, insurance, maintenance, repair, taxes, registration fees, tolls and parking, payload capacity and labor).

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Maintenance Cost Of Chad Plug-in 418

Green Car Congress

MARCH 13, 2012

AMP Electric Vehicles has been qualified by the IRS for the Federal Plug-in Electric Drive Motor Vehicle Credit of $7,500, which applies to retail and fleet buyers. Some states offer additional sales tax exemptions and zero emission tax credits of up to $5,000 that can also be applied to the purchase.

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Tax Credit Tax Jeep SUV 218

Green Car Congress

APRIL 16, 2021

The Washington State legislature has passed legislation that sets a target for all MY2030 or later passenger and light-duty vehicles sold in Washington State to be electric vehicles. The new law establishes the most aggressive such state goal in the US—five years ahead of California’s 2035 target.

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Washington Seattle Light Sale 305

Green Car Congress

JULY 15, 2012

BMW CEO Norbert Reithofer is calling for tax subsidies in Germany to help meet the federal government’s target of having 1 million electric cars on the road in eight years. Because of the high purchase prices for electric cars, there is a need for incentives. for example, the tax law.”.In

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Tax BMW Germany Electric Vehicles 250

Green Car Congress

MAY 10, 2011

The Government of Spain last Friday approved incentives to stimulate the introduction of the electric vehicle, including direct subsidies for the purchase of such vehicles with a budget of €72 million (US$103 million) for 2011.

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Spain Purchase Electric Vehicles Vehicles 210

Green Car Congress

JANUARY 19, 2023

Nikola Corporation has developed a heavy-duty, 700 bar (10,000 psi) hydrogen mobile fueler capable of direct fueling hydrogen fuel cell electric vehicles (FCEVs). Eligible non-drayage fleets may secure up to 30 HVIP vouchers and drayage fleets may secure up to 50 vouchers.

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Hydrogen Electric Vehicles Fuel Tax Credit 218

Green Car Congress

MAY 4, 2020

The taxes fall into three broad categories: vehicle acquisition (VAT, sales tax, registration tax); ownership (annual circulation tax, road tax); and motoring (fuel tax). Motor tax revenues collected by governments have increased by almost 3% compared to the previous year, and the grand total of €440.4

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Motor Motors Motoring Market 284

Green Car Congress

MAY 3, 2023

Ford is re-opening its order banks for the all-electric Mustang Mach-E as completed plant upgrades support production ramp in the second half of 2023, with feature improvements including increased range for standard range battery models to a targeted EPA-estimated range of 250 miles for RWD and 226 miles for eAWD. Earlier post.)

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Standards Range Ford Price 417

Green Car Reports

DECEMBER 19, 2017

The tax reform bill likely to be voted on by the U.S. Senate and House of Representatives retained a number of provisions originally slated to be cut from the tax code. Among them was the federal income-tax credit for purchase of a plug-in electric vehicle.

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Tax Credit Tax General Motors Electric Cars 84

Green Car Congress

AUGUST 14, 2021

There were gaps in the data, especially with respect to alternative fuel powertrains—electric vehicles, fuel cell vehicles. The study looked at several powertrains: internal combustion engine, hybrid electric vehicle, plug-in hybrid electric vehicle, fuel cell electric vehicle and battery electric vehicle.

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Transportation Alternative Fuels Maintenance Chad 435

Green Car Congress

SEPTEMBER 1, 2020

US respondents are split when it comes to when they’ll consider purchasing an EV. Americans cite too few charging points and too high upfront cost as the leading barriers to buying an electric vehicle. US respondents are most likely to buy an EV if the government offers a federal/state tax credit.

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Tax Credit Global Vehicles Tax 186

Green Car Congress

MARCH 21, 2012

Colorado residents who purchase or lease a new Chevrolet Volt are eligible for a state tax credit of up to $6,000 in addition to a federal tax credit of up to $7,500 for a total price reduction of as much as $13,500. A tool to determine specific state or local electric vehicle tax credits is available here.

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Tax Credit Colorado Volt Tax 231

Teslarati

JUNE 24, 2022

As of June 15, 2022, Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning.

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Ford Electric Vehicles Buy F-150 98

Green Car Congress

OCTOBER 31, 2022

The Responsible Battery Coalition, in partnership with the University of Michigan Center for Sustainable Systems, launched a comprehensive research project to compare the total cost of ownership of gas and electric vehicles (EVs). Projections of future gasoline and electricity prices. Refueling patterns based on driver time valuation.

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Michigan Gas-Electric Gas Batteries 199

Green Car Congress

NOVEMBER 29, 2011

The French Government will reduce the purchase tax incentives for lower carbon cars and increase the penalties for high-pollution vehicles beginning in January. France’s bonus-malus scheme provides financial rewards for those who purchase or lease a new vehicle emitting less CO 2 g/km while taxing more heavily polluting cars.

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Purchase France Carbon 2012 225

Green Car Congress

MARCH 13, 2012

California buyers of the Ford Focus Electric will be able to receive up to $10,000 in tax credits ($2,500 state, $7,500 federal) and enjoy high-occupancy vehicle lane (HOV) access after the car was just approved for California’s Clean Vehicle Rebate Program ( CVRP ). 3 and 7, respectively, for the worst congestion in the US.

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Tax Credit Los Angeles Tax California 225

Green Car Congress

SEPTEMBER 13, 2021

The electric version of the Berlingo, the second biggest seller in its segment in Europe, offers a driving range of up to 275 km (WLTP) from its 50 kWh battery and a volume of up to 4.4m³. To educate business owners in how to transfer their fleets and encourage them to buy electric vehicles, a number of aids have been introduced.

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Available Tax All-Electric Installation 427

Green Car Congress

AUGUST 12, 2022

This funding comes from DOT’s Buses and Bus Facilities Program and Low or No Emission Vehicle (Low-No) Program, helping transit agencies purchase and lease new, cleaner vehicles and renovate and construct the infrastructure needed for zero-emission transit vehicles. US Senators Dianne Feinstein and Alex Padilla (both D-Calif.) Project title.

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California Emissions Los Angeles Fresno 284

Green Car Congress

FEBRUARY 4, 2023

billion to extend the government’s purchase incentive program until March 2025 and to expand the types of vehicle models eligible under the program, which would include more vans, trucks and SUVs. Budget 2022 delivered an additional $1.7

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Canada Tax Credit Clean Cleaning 304

Green Car Congress

DECEMBER 10, 2014

Total US sales of plug-in electric vehicles (PEVs)—battery electric and plug-in hybrid electric—have increased in recent years, but still represent only about 0.7% Electric vehicles per 1,000 vehicles. Several states offer tax incentives to reduce the upfront cost of PEVs to consumers. in 2013 and 0.4%

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Plug-in Tax Credit California Rhode Island 381

Green Car Congress

DECEMBER 30, 2018

Hochrad purchased his first hybrid car more than 15 years ago, and over the years has driven dedicated electric vehicles as well. His new NEXO will deliver about five times the driving range of his first all-electric car. The NEXO Limited Trim has an estimated range of 354 miles.

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SUV Hyundai 2019 Fuel 390

Green Car Reports

OCTOBER 8, 2015

Buyers of various Volkswagen TDI diesel vehicles took about $50 million in Federal income-tax credits in 2009 for the purchase of their supposedly green car.

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Tax Credit Tax Diesel Congress 60

Green Car Congress

AUGUST 6, 2023

Fisker recently presented four future electric vehicles, as well as technology and sustainability visions, to an audience of investors, analysts, employees, and the media at an event in Huntington Beach, California. Fisker PEAR (Personal Electric Automotive Revolution) is Fisker’s vision of a sustainable EV as a connected mobility device.

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Alaska Fisker Carbon Fiber Convert 354

Green Car Congress

MARCH 5, 2014

UPS plans to purchase 1,000 propane package delivery trucks and install an initial 50 fueling stations at UPS locations. States that attract this type of investment with tax incentives and grants will factor into the UPS deployment strategy. The investment in propane vehicles and infrastructure is approximately $70 million.

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Purchase Installation Fuel Alternative Fuels 291

Setec Powerr

SEPTEMBER 20, 2022

14, thus making more people aware of the accelerating transition to electric vehicles by automakers and the billions of dollars companies are investing in building battery plants. At this year’s auto show, Detroit’s three largest car companies will showcase a variety of electric vehicles. Although Biden and the U.S.

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Detroit Auto Congress Tax Credit 97

Plugs and Cars

DECEMBER 8, 2010

From Plug In America: Last year, Plug In America, along with electric vehicle and EV infrastructure manufacturers from coast to coast, worked with members of the House and Senate to get a critical plug-in vehicle infrastructure tax credit into the stimulus bill. And then you helped us get it passed!

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Tax Credit Tax Plug-in America 113