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How Does the Electric Car Tax Credit Work in 2023?

Setec Powerr

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 In 2023, the tax credit remains available for eligible new electric vehicles but has undergone some changes compared to previous years.

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Is A Tax On Electricity (kWh) Consumed The Best Way to Supplement the Fuel Tax for Electric Vehicles?

EV Adoption

As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fuel taxes as drivers of gas-powered cars do at gas stations. Unfortunately there is currently no simple and agreed upon best replacement for the fuel tax.

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

Baua Electric

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. 2024 Honda Prologue eligible for full $7,500 EV tax credit After kicking off production last month, Honda’s first fully electric SUV will begin hitting dealerships any day.

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Rivian R1T and R1S get two new range options

Teslarati

The two new options still qualify for the Inflation Reduction Act’s (IRA) tax incentives. Rivian estimates that the Standard battery pack can deliver 270 miles of range, while the Standard+ is estimated to provide up to 315 miles of range. The all-electric car company will also launch Tesla NACS adapters later this year.

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Hyundai delivers first 2019 NEXO fuel cell SUV to US customer

Green Car Congress

Hyundai delivered its first NEXO fuel cell SUV ( earlier post ) to Tom Hochrad of Ventura, California—the first US customer to drive off in the new NEXO, the only mass-produced fuel cell SUV for the US market, featuring a range up to 380 miles. His new NEXO will deliver about five times the driving range of his first all-electric car.

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Electric company car tax explained

Drive Electric

April 2020 was a watershed moment for electric vehicles (EVs) as company cars. The UK government slashed electric company car tax, instantly making EVs much more attractive for businesses and employees. What is company car tax? Getting a company car is a real perk for employees.

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New York State adjusts EV rebate program, adds $30M

Green Car Congress

An additional $30 million is now available through New York State’s Drive Clean Rebate program to encourage more consumers to lease or purchase an all-electric car or plug-in hybrid electric vehicle. 200 miles or more. 40 - 199 miles. New rebate levels as of 30 June 2021 will be: EV Range/Price.

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