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New Price Caps for Federal Tax Credit for Electric Cars

Green Energy Consumers

Last week, the Internal Revenue Service (IRS) and Treasury Department made a change to the federal tax credit for electric vehicles (EVs) that changes the list of eligible vehicles for 2023.

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2024 Honda Prologue electric SUV starts under $40,000 with full EV tax credit eligibility

Electrek

Who says electric cars are too expensive? The 2024 Honda Prologue, the brand’s first all-electric SUV, qualifies for the full $7,500 EV tax credit. With the added credit, the Honda Prologue hits the “sweet spot,” with starting prices under $40,000.

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2024 Volkswagen ID.4 Priced At $39,735, Eligible For The Full Federal Tax Credit

Electric Cars Report

4 Priced At $39,735, Eligible For The Full Federal Tax Credit appeared first on Electric Cars Report. MSRP for the 2024 Volkswagen ID.4 4 starts at $39,735 for 62 kWh models and $44,875 for 82 kWh models, and destination is $1,425. MY24 […] The post 2024 Volkswagen ID.4

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How Does the Electric Car Tax Credit Work in 2023?

Setec Powerr

The global push towards sustainable energy and reducing carbon emissions has given rise to the popularity of electric vehicles (EVs). One such incentive is the electric car tax credit, designed to help offset the initial cost of EVs for buyers. Section 1: Overview of the Electric Car Tax Credit in 2023 1.1

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NSW Labor’s weird EV policy means expensive electric cars will be spared road tax

The Driven EV News

That includes all EVs priced above $78,000. The post NSW Labor’s weird EV policy means expensive electric cars will be spared road tax appeared first on The Driven. Owners of EVs that have paid stamp duty will be exempt from the NSW road user charge.

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Tesla Touts Tax Credits & Price Cuts

CleanTechnica EVs

Tesla has juggled its prices once again, lowering the price of the Model 3 RWD by $1,000 and the Model Y by $2,000. It has also added a RWD version of the Model Y for North America.

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Kentucky electric cars now pay two taxes where gas cars only pay one

Baua Electric

Photo by Mobilus in Mobili on Flickr As of January 1st, Kentucky has implemented not one but two new taxes on electric vehicles, both of which are individually higher than what gas vehicles pay on similar units of energy. At the Kentucky Public Service Commission’s approved rate of 25c/kWh , this represents a 12% or 24% tax.