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Tax credit for conversions

DIY Electric Car

Any chance anyone knows whether there is any kind of tax benefit you can get from an EV conversion? Hi all, new member here and trying to figure out my budget.

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Why Tesla Model Y tax credit inclusion is good for some and bad for others

Teslarati

The Tesla Model Y complete lineup was recently added to the IRS list of qualifying vehicles that will give buyers a $7,500 tax credit. While it may seem like the company’s huge price cuts coupled with the tax credit would be good for everyone, it spells bad news for competitors that offer comparable EVs in the same category.

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Conversion supporters petitioning Obama Administration to extend tax incentives to plug-in conversions

Green Car Congress

Entrepreneurs and advocates for electric and plug-in hybrid vehicles conversions have taken advantage of the platform to create a petition urging the Administration to extend the Qualified Plug-in Electric Drive Motor Vehicles (IRC 30D) tax incentives, currently granted for new plug-in vehicles, to plug-in conversions.

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You Probably Shouldn’t Be Afraid To Buy A 2-Wheel Drive EV

CleanTechnica EVs

” I’ve seen this on social media and in a few in-person conversations. After the tax credit (assuming you owe enough taxes for […] “That little Bolt EUV looks great, but I’m waiting for them to make one with all-wheel-drive.”

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Ansys releases pre-lockdown global survey on vehicle electrification

Green Car Congress

Conversely, 39% of respondents would only buy an EV if gasoline-powered vehicles were no longer available. US respondents are most likely to buy an EV if the government offers a federal/state tax credit. US respondents are split when it comes to when they’ll consider purchasing an EV.

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Tesla prices; in-wheel motor Land Rover; airless tires, robotaxis, Autopia: Today’s Car News

Baua Electric

And do in-wheel motors make more sense for EV conversions? The Tesla Model Y undercuts the Model 3 by $5,000 —for those who are EV tax credit eligible—under the latest round of Tesla price cuts made on Saturday. Disney is making a popular automotive ride all-electric. Airless tires look like the future.

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ALTe LLC Approved to Receive an $8.4M MEDC Tax Credit for Electric Powertrain Development, New Facility in Auburn Hills

Green Car Congress

Michigan-based electric powertrain company ALTe LLC ( earlier post ) was approved to receive a tax credit valued at $8.4 ALTe is developing light- and medium-duty series plug-in hybrid electric vehicle powertrain systems—initially as conversions, but ultimately extending to an OEM basis.