Remove Dealers Remove Fleet Remove SUV Remove Tax
article thumbnail

What EV Drivers Should Know About Leasing an EV This Year

Blink Charging

Although the $7,500 consumer tax credit for buying an electric car is becoming more restrictive for new vehicles adhering to specific manufacturing requirements , there’s a provision enabling consumers to still enjoy the credit when leasing an EV assembled outside of North America. How Does Obtaining a Tax Credit for a Leased EV Work?

article thumbnail

Lease Buyout Offers Loophole to EV Incentive Restrictions

EV Life

The most significant incentive, outlined in the Inflation Reduction Act of 2022 , comes in the form of a $7,500 tax credit for eligible drivers and vehicles. Two sections of the law, 30D and 45W, detail individual tax credits and commercial tax credits, respectively. However, there’s a catch. But here’s the good part.

article thumbnail

UMTRI Agent-Based Simulation Study Concludes US PHEV Annual Sales Could Reach 4-5% With Fleet Penetration of 2+% by 2020 If Subsidies Are in Place

Green Car Congress

Fleet penetration of PHEV by 2020 in different scenarios. The first character of the scenario represents the price of gasoline at simulation termination, the second represents “yes” or “no” on a manufacturer subsidy, and the third represents “yes” or “no”on a sales tax exemption. Source: Sullivan et al. Click to enlarge.

PHEV 186
article thumbnail

Road Test: 2023 Toyota RAV4 Prime XSE AWD PHEV

Clean Fleet Report

With 302 total system horsepower, the RAV4 Prime is the quickest Toyota SUV with 0-60 mph times of 5.4 Clean Fleet Report traveled 442 miles in our week driving through Southern California. Fuel economy and range numbers reported by Clean Fleet Report are non-scientific. The overall average was 46.7 Your numbers may differ.

PHEV 67
article thumbnail

News: 2023 Genesis Electrified GV70 AWD

Clean Fleet Report

The gasoline-powered GV70 is the best-selling Genesis model, so the addition of an all-electric version of this popular SUV will find a place in many garages as GV70 owners make the transition to electric propulsion. Look for Clean Fleet Report’s extensive review, including driving impressions, on March 21.

Hyundai 89
article thumbnail

Flash Drive: 2023 VinFast VF 8

Clean Fleet Report

VinFast invited Canadian and American automotive journalists to California to drive the 2023 VF 8, an all-electric midsize two-row SUV. The company has ambitious plans to import the three-row VF 9 by the end of 2023 and the two-row VF 7 in the first part of 2024, both of which are electric SUVs built in Hai Phong, Vietnam.

article thumbnail

Flash Drive: 2024 Acura ZDX Type S

Clean Fleet Report

The Fastest Acura SUV Ever Built The all-new 2024 ZDX is the first electric Acura and, as Quincy Tam, Acura product planner, says, it is “for their customers that are ready to take that next step into electrification.” The 2024 ZDX A-Spec and ZDX Type S are on-sale now at Acura dealers in all 50 states. Go check it out!

Acura 84