EV Life

APRIL 7, 2023

Buying a new car is one of the most significant purchases you’ll likely make in your life, so you want to make sure you’re getting the best deal available. The EV tax credit outlined in the Inflation Reduction Act of 2022 is non-refundable, meaning it can only be applied to money you already owe in the tax year you purchase your vehicle.

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Green Car Congress

MAY 3, 2023

AJR Trucking , a leading carrier for the United States Postal Service (USPS) and a major drayage carrier operating in the Ports of Los Angeles and Long Beach, has executed a purchase order for 50 Nikola Tre hydrogen fuel cell electric vehicle (FCEV) trucks from Tom’s Truck Centers, a member of the Nikola Corporation sales and service dealer network.

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Electric Vehicles India

NOVEMBER 1, 2021

Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles . A proposed US tax credit for new electric bicycle purchases bumped backed up to a full 30%. It would be capped at a maximum incentive of $1,500, and would only apply to electric bicycles priced under $8,000.

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Baua Electric

APRIL 22, 2024

Kia and Genesis are two of the latest to slash EV prices with generous deals. 2024 Kia EV9 (Source: Kia) Although Kia expects the EV9 will qualify for the $7,500 federal EV tax credit, it may not be until next year. Genesis is slashing EV prices with a $7,500 rebate of its own. And that’s for purchase, not a lease.

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Green Car Congress

OCTOBER 11, 2013

The 2014 ELR has a starting price of $75,995, including a $995 destination charge but excluding tax, title, license and dealer fees. Base price of a 60 kWh Tesla Model S—without Federal tax incentive, but with destination fee—is $71,070.) Official EPA estimates are not yet available. 2014 Cadillac ELR.

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Blink Charging

JANUARY 19, 2024

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.

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EV Life

OCTOBER 21, 2023

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. As with most government incentive programs, there are a lot of rules and restrictions regarding who qualifies for the credit. However, there’s a catch.

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EV Adoption

JUNE 21, 2022

But assuming you can get your hands on one, roughly two-dozen BEVs and PHEVs available for sale in the US this summer have a base manufacturer’s suggested retail price (MSRP) of less than $45,000. Many or most car and truck buyers will opt for various trim upgrades and options, bringing the the final price well above the base MSRP.

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Green Car Congress

NOVEMBER 20, 2018

New York State announced a series of broad-scale initiatives to encourage the purchase and to increase the convenience and accessibility of electric vehicles (EV). Time-of-use rate structures better align the price of delivering energy with the cost associated with delivering the energy at the time it is used.

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Green Car Congress

MARCH 31, 2010

NNA) set the US MSRP for the 2011 Nissan LEAF electric vehicle, which becomes available for purchase or lease at Nissan dealers in select markets in December and nationwide in 2011, at $32,780. Charging dock and installation are eligible for a 50 percent federal tax credit up to $2,000. Nissan North America, Inc.

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Teslarati

JULY 11, 2023

Cox also found that about 51% of consumers are now considering the purchase of a new or second-hand EV. For context, dealers have about 54 days’ worth of inventory for gasoline-powered cars. The company has also adopted an increasingly aggressive pricing strategy, especially with its mainstream vehicles, the Model 3 and Model Y.

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Teslarati

JANUARY 17, 2024

Customers may now purchase or lease an R1S through Rivian’s shop and take delivery within a month. To get a monthly lease price of $1,169, customers must be a “very well” qualified lessee who takes delivery on or before January 31, 2024. The Rivian R1S is now available through the automaker’s online shop.

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Electric Auto Association

FEBRUARY 7, 2023

To spread that message, she chose to purchase a new Chevrolet Bolt. “My Fellows set out to purchase the new car in December, when, like now, EVs were difficult to come by. “I We can’t allow the dealers to pull this on buyers. Buyers should be wary of these dealers,” she added. They have a lot of tricks up their sleeves.

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Baua Electric

JANUARY 12, 2024

Hyundai is offering a $7,500 purchase incentive on the 2024 IONIQ 6. 2024 Hyundai IONIQ 6 offer drastically lowers prices According to Hyundai’s website, all 2024 IONIQ 6 trims are eligible for a $7,500 Retail Bonus Cash offer. It’s essentially like receiving the full EV tax credit with a new purchase.

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Baua Electric

JANUARY 16, 2024

A dealer bulletin shows that all versions of the 2024 Ioniq 6 are eligible for $7,500 in “retail bonus cash”—a rebate that can essentially be applied only to purchases, and not with Hyundai’s current low-interest financing, CarsDirect notes. So it appears that the company wants to stay very competitive on price.

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Green Car Congress

FEBRUARY 24, 2021

MMNA) announced pricing and availability of the 2021 Mitsubishi Outlander Plug-in Hybrid Electric Vehicle (PHEV) crossover. The 2021 Outlander PHEV is available at Mitsubishi dealers now. Starting MSRP remains the same as the 2020 model, just $36,295 before available state and federal tax incentives.

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Baua Electric

JANUARY 30, 2024

Ford is instituting big discounts on the Mustang Mach-E for fleet customers, as well as a new program that allows dealers to use inventory as rental cars. The discount, which matches the amount of the federal EV tax credit the Mach-E no longer qualifies for, is reportedly aimed at spurring sales. 30, reports CarsDirect.

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Green Car Congress

SEPTEMBER 21, 2012

Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. That finding takes into account both the higher purchase price of an electric vehicle and the lower fuel costs over the vehicle’s life. Source: CBO.

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Baua Electric

JANUARY 25, 2024

Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit. Despite its vehicles not qualifying for the tax credit (only through leasing), Hyundai Motor (including sister company Kia) surged past Ford and GM for second in US electric vehicle sales in 2023 behind Tesla.

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Green Car Congress

SEPTEMBER 1, 2010

Hawaii is providing a $4,500 state tax credit towards the purchase of an electric vehicle and a $500 state tax credit towards the purchase and installation of a home charging station. This partnership personifies Hawaii’s commitment to a future powered by clean, sustainable sources of energy.

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Baua Electric

JUNE 2, 2023

” Even a premium-priced establishing version is out of the query. We have a good relationship with the [dealer] network,” he mentioned. The ID4 is the only real EV from a international automaker that qualifies for the entire $7,500 in tax credit for car purchases equipped via the Inflation Aid Work.

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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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Plug in America

JULY 27, 2021

Various states across the United States offer electric vehicle (EV) purchase incentives to help accelerate the adoption of zero-emission vehicles. New Jersey residents may receive up to $5,000 toward the purchase or lease of a new EV. Additionally, EVs sold, rented, or leased in New Jersey are exempt from state sales and use tax. .

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Green Car Congress

SEPTEMBER 21, 2016

Toyota announced the pricing for the 2017 model year Mirai fuel cell vehicle. Mirai customers also may qualify for an $8,000 federal tax credit and $5,000 potential California rebate along with access to the California HOV carpool lane. for 72 months and Trailblazer Purchase Support of $7,500.

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Blink Charging

DECEMBER 19, 2023

There were also two new EV tax credits that began in 2023 : the Used Clean Vehicle Credit, worth 30% of the purchase price up to $4,000, and the Commercial Clean Vehicle Credit, which is worth 30% of the total cost of the vehicle, up to $7,500 for light-duty vehicles under 14,000 pounds and $40,000 for all other EVs.

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Green Car Congress

AUGUST 5, 2015

US prices for the 2016 A3 Sportback e-tron plug-in hybrid electric vehicle ( earlier post )—the first of many Audi e-tron models destined to come to the US—will begin at $37,900. Purchasing customers may qualify for applicable state and federal incentives and tax credits. Dealer sets actual price.

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Green Car Congress

AUGUST 9, 2013

Cuomo announced a $19-million New York Truck Voucher Incentive Program to encourage the purchase of battery-electric commercial trucks as well as other energy-efficient transportation, including hybrid and CNG (compressed natural gas) trucks. Boulder Electric Vehicle, Electric Vehicles International and Smith Electric Vehicles. $6

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Green Car Congress

APRIL 19, 2010

The $99, full-refundable reservation process is a first step in securing a place on the list to purchase or lease a Nissan LEAF. After placing a reservation, a customer will be able to indicate a preferred dealer. The Manufacturer’s Suggested Retail Price (MSRP) for the 2011 all-electric, zero-emission Nissan LEAF is $32,780.

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Green Car Congress

AUGUST 10, 2011

The complete SunPower solar system is offered at a base price of less than $10,000, after federal tax credits. Included in the purchase is a residential monitoring system, which includes the ability to track the performance of their solar system on the web or through an iPhone application.

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Baua Electric

JANUARY 3, 2024

As sales of electric vehicles continue to grow in 2024, many new and prospective customers have questions about qualifying for a federal tax credit on electric vehicles. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place. More on that below.

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EV Life

JANUARY 4, 2024

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?

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Green Car Congress

JULY 27, 2010

GM will introduce the Chevrolet Volt extended range electric vehicle with a starting MSRP of $41,000; after applying the Federal income tax credit of $7,500, the price drops to $33,500. To find a participating Chevrolet Volt dealer, customers are directed to [link].

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Blink Charging

FEBRUARY 1, 2024

federal government is actively facilitating EV adoption, aiming to simplify the purchasing process for consumers , encourage companies to electrify their fleets , and assist businesses in installing EV charging stations. For instance, on-peak price may be $0.15 million per year in 2028.

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Plug in America

JULY 21, 2023

It also protects drivers from the price volatility at the pump. EVs are Eligible for Federal, State, and Utility Incentives The Inflation Reduction Act extended and expanded federal tax incentives for EVs. Many EV models are eligible for up to $7,500 in income tax credits.

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Baua Electric

JANUARY 23, 2024

January 1, 2023, kicked off a fresh start of new tax credits for vehicles, both new and used. Since then, much of the dust has settled on the Capitol as it continues to implement qualifying terms for tax credits , continuously shifting what used EVs do and do not qualify. Here’s the latest list. Here’s how it works.

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EV Life

MAY 5, 2023

Federal EV Tax Credit To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car. Here’s a step-by-step guide to making an educated decision about electric car tax credits.

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EV Adoption

AUGUST 19, 2021

Should expensive electric vehicles be excluded from the federal electric vehicle tax credit (IRC 30D)? While this question is often hotly debated on social media, the proposed changes to IRC 30D would draw a line in the sand and establish an $80,000 MSRP cap on the credit. – The Drive.

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