Green Car Congress

MARCH 30, 2023

The first evidence can be seen in consumer interest in the Ford Mustang Mach-E and the Tesla Model Y following the reclassification of both vehicles as SUVs, which made them eligible for a $7,500 federal tax credit under the Inflation Reduction Act. Likewise, the Bolt EUV has seen its total cost of ownership fall to $30,900.

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EV Connect

MARCH 22, 2021

Thanks to extended federal tax credits and robust New Jersey state EV charging incentives, this is the best time to invest in EV charging. Businesses can offset their initial costs and enjoy sustained savings for years to come. Here’s where to begin.

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Setec Powerr

MAY 5, 2023

In this article, we will explore the top states that provide the best incentives for purchasing an electric vehicle, helping you make an informed decision. Colorado Colorado offers a state tax credit of up to $4,000 for the purchase or lease of a new electric vehicle.

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Green Car Congress

DECEMBER 10, 2014

Several states offer tax incentives to reduce the upfront cost of PEVs to consumers. These incentives are in addition to a federal (nationwide) tax credit, which ranges from $2,500 to $7,500 depending on battery capacity and gross vehicle weight. However, the incentive does not apply to the purchase of PHEVs.

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Electric Auto Association

SEPTEMBER 9, 2022

The provisions included in the bill will fight inflation by lowering energy and health care costs for families, and by helping to reduce the deficit. This will support millions more low- and middle-income families than the original credit. The credit can also be used toward a down payment. Used EV sale price less than $25,000.

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Driivz

JULY 2, 2023

This is particularly true for cargo vans and similar medium-duty vehicles, driven by purchase commitments from large fleet operators, with heavy-duty fleet operators committing as well. Timelines for electrification of heavy duty vehicles tend to range from 2030 outwards and cover only percentages of new trucks purchased.

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Plugs and Cars

JULY 1, 2009

In June about 500 cars were placed in consumer and fleet hands in Los Angeles and New York and New Jersey for what BMW calls a " field trial." Pioneers’ inquiries about the applicability of the federal $7500 tax credit continue to be stonewalled. The BMW Mini E has hit the streets.

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