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Top 10 states offering EV incentives

Plug in America

New Jersey. New Jersey residents may receive up to $5,000 toward the purchase or lease of a new EV. The reinstated Charge Up New Jersey incentive is a “point-of-sale” rebate applied during the purchase or leasing process at dealerships. . Massachusetts. California. Washington.

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Canada and California to work together on cleaner transportation

Green Car Congress

This could include sharing lessons learned by both jurisdictions about requirements, incentives, and dealer inducements to boost sales, along with sharing approaches to developing charging infrastructure. In the 2019 budget, the Government of Canada announced rebates of up to $5,000 for consumers on the purchase of zero-emission vehicles.

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Toyota reduces pricing on 2014 Prius Plug-In in US

Green Car Congress

Toyota has reduced the MSRP on the 2014 Prius Plug-in Hybrid by more than $2,000, making the starting MSRP $29,990 (excluding dealer preparation and handling, DPH). This price repositioning on the base Prius Plug-in Hybrid is not accompanied by any reduction in vehicle content. kWh Li-ion battery pack.

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Mercedes-Benz B-Class Electric Drive priced at $41,450 for US; 85-mile range

Green Car Congress

Customers may be eligible for federal tax credits (which run up to $7,500) or state/local tax credits. The MY14 B-Class Electric Vehicle will be available beginning in mid-July to dealers in California; Connecticut; Maine; Maryland; Massachusetts; New Jersey; New York; Oregon; Rhode Island; and Vermont.

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Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

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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Hyundai introduces 2018 Sonata Hybrid and Plug-in Hybrid models at Chicago Auto Show

Green Car Congress

The Sonata Plug-in Hybrid will be distributed in California, Connecticut, Maine, Maryland, Massachusetts, New Jersey, New York, Oregon, Rhode Island and Vermont, but customers in any of the other states can custom order the vehicle at their local Hyundai dealer.

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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car.