Green Car Reports

FEBRUARY 26, 2018

sales of electric cars that qualify for the full federal tax credit of $7,500? It's been a topic of discussion for years: What will happen when a carmaker reaches the cap on U.S. That number is 200,000; after the rest of that calendar quarter and the one following, the credit is halved for a further two quarters.

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Tax Credit Tax Sale Electric Cars 112

Green Car Reports

JULY 2, 2022

It appears that sales of Toyota’s plug-in models in recent months were enough to trigger the automaker’s phaseout period for the federal EV tax credit this past quarter—leaving buyers less than nine months to buy a vehicle like the BZ4X electric car or RAV4 Prime plug-in hybrid and be able to claim the full $7,500 amount.

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Tax Credit Plug-in Tax Plug 165

EV Adoption

FEBRUARY 23, 2021

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit. Chart Source: EV Volumes.

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Tax Credit Tax Sale Plug-in 98

EV Adoption

JULY 4, 2022

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. Declining Fuel-Tax Revenues: Beyond Electric Vehicles. MPG from 28.7.

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Fuel Tax Tax Electric Vehicles Fuel 98

Green Car Reports

FEBRUARY 24, 2017

A major contributor to electric-car sales is the program under which buyers of new electric cars qualify for a federal income-tax credit of up to $7,500. But these tax credits are not unlimited.

Tax Credit 108

Tax Credit Tax Electric Cars GM 108

Teslarati

JULY 23, 2021

Tesla is seeking lower import taxes on electric vehicles in India by writing to the country’s government ministries. The electric car company said it would boost demand and generate revenue for the government. Tesla has been working for several years to enter India for electric vehicle sales.

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Tax India Tesla IDEA 133

The Truth About Cars

FEBRUARY 13, 2024

A British friend of mine recently asked my opinion on several vehicle models, saying he was browsing company cars. What I assumed would be a quick chat quickly devolved into my being educated on British tax codes, especially the benefit-in-kind (BIK) taxes applied to any items of value provided to employees.

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Sale Tax United Kingdom Automobile 102

Green Car Reports

FEBRUARY 22, 2018

Toward the end of last year, electric-car shoppers began to think about a U.S. market without the $7,500 federal tax credit for their purchases of plug-in vehicles. While the tax credit ended up surviving the massive tax-cut bill passed in December, some automakers are still about to face the end of the incentive.

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Tax Credit Tax Electric Cars Sale 80

Teslarati

OCTOBER 23, 2023

Colorado has voted to approve a new standard on the adoption of electric vehicles (EVs), with an additional goal set for 2032 and new guidance for increasing EV sales beginning in 2027. Notably, the release says that the standard does not prohibit the sale or use of non-electric vehicles with internal combustion engines (ICEs).

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Colorado Sale Tax Credit Tax 107

EV Central

MAY 7, 2024

Fresh data reveals used electric vehicles are now in high demand as buyers look to cash in on low retained values and tax benefits related to novated leasing. The top 10 used car movers are listed below: March 2024 fastest moving used cars. percent of used cars sold were EVs,” Odgers warned. days to sell.

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BYD Australia Tesla Cars 143

Green Car Reports

JANUARY 29, 2018

Several years ago, Georgia offered a generous state-tax credit for purchase of a zero-emission vehicle, and its sales of electric cars boomed.

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Tax Credit Georgia Tax Electric Cars 106

CleanTechnica EVs

AUGUST 4, 2021

Sweden saw plugin electric vehicles achieve a market share of 37.6% Higher company-car tax which came into effect in July put a dampener on plugin sales, further amplified by the hangover from the pull-forward in June. Overall auto sales were down some 43% from long […].

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Plugin Sweden Tax Sale 139

Teslarati

OCTOBER 29, 2021

Malaysian government officials are petitioning and working toward making electric vehicles exempt from taxes, including import and excise duties, as well as road taxes. According to Paultan , a Malaysian automotive news site, supporting politicians are proposing a 100% exemption from the road tax for EVs.

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Malaysia Tax Buy Purchase 145

Blink Charging

FEBRUARY 23, 2023

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. The good news is that there are now tax credits for individuals and businesses that buy or lease a new or used electric vehicle! First, the easy part: How do I claim the $7,500 EV tax credit?

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Tax Credit Tax Electric Vehicles North America 72

CleanTechnica EVs

JANUARY 5, 2024

continued] The post Don’t Worry If Your Favorite GM EV Doesn’t Qualify For A Federal Tax Credit appeared first on CleanTechnica. You’ve probably been frustrated this week if you were waiting for 2024’s cash rebate program to buy a General Motors.

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Tax Credit Tax GM General Motors 110

Green Car Congress

MAY 5, 2017

California Assemblyman Travis Allen (R-Huntington Beach) filed ballot initiative to repeal the recently signed $52 billion gas tax ( earlier post ) and move it to a vote in 2018. The new tax measure will raise the tax on gasoline from $0.18 Taxes on diesel will climb from $0.20 Taxes on diesel will climb from $0.20

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Tax California Gas 2018 150

Green Car Reports

JULY 11, 2014

After a slow start, electric cars could take another step forward in China as the country decides to waive its 10 percent purchase tax on the vehicles. Electric car sales have been abysmal in China while those in the U.S, Europe and.'

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Purchase Tax China Electric Cars 162

Green Car Congress

MAY 4, 2020

The taxes fall into three broad categories: vehicle acquisition (VAT, sales tax, registration tax); ownership (annual circulation tax, road tax); and motoring (fuel tax). Motor tax revenues collected by governments have increased by almost 3% compared to the previous year, and the grand total of €440.4

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Motor Motors Motoring Market 284

Green Car Congress

NOVEMBER 14, 2016

Roughly 145,000 new electric vehicles (EV) were sold in Europe in 2015—double the 2014 tally, according to a recent T&E report. EV sales have now reached the milestone of a 1% market share; figures for 2016 to date suggest significantly more than 200,000 plug-in vehicles will be sold in Europe this year.

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2015 Europe Sale Market 150

Green Car Reports

FEBRUARY 24, 2017

Today, we have spy shots of the 2018 BMW i3 electric car, estimations of which automakers will lose their electric-car tax credits first, and an argument for liquid hydrogen as a replacement for jet fuel in airplanes. All this and more on Green Car Reports.

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Tax Credit Tax 2018 BMW 93

Green Car Congress

JULY 15, 2012

BMW CEO Norbert Reithofer is calling for tax subsidies in Germany to help meet the federal government’s target of having 1 million electric cars on the road in eight years. Because of the high purchase prices for electric cars, there is a need for incentives. for example, the tax law.”.In

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Tax BMW Germany Electric Vehicles 250

Electric Vehicles India

OCTOBER 21, 2021

Tesla requests PM Modi to cut import taxes on electric vehicles . Tesla Inc urged the Prime Minister’s Office to cut down the import taxes on electric vehicles before it enters the market. The Tesla Model Y sales have topped in August with 790 registrations within less than a week since its arrival.

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Tax Electric Vehicles India Tesla 82

CleanTechnica EVs

JANUARY 4, 2023

The freak volume in December 2022 resulted from one-off pull-forward effects ahead of new policies and auto taxes applying from 2023 onwards. BEVs saw pull-forward sales, […]. Norway’s auto market saw plugin EV volume explode to take 87.6%

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Sale Plugin Norway Tax 106

The Truth About Cars

JANUARY 23, 2024

Photo credit: Suwin66 / Shutterstock.com The electric vehicle (EV) market is experiencing a significant growth in 2024 , with expectations for sales of passenger EVs to climb by 21 percent in 2024, reaching 16.7 Stability in Europe Europe is likely to witness a stable increase in EV sales, with projections of 3.4 million units.

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Electric Cars Tax Credit Indonesia BYD 98

Green Car Reports

JUNE 4, 2018

Last week, we reported that Tesla is close to reaching the end of its allocation of federal tax credits for those who buy its cars. The credits were passed after the 2007 federal Energy Independence and Security Act to promote the sale of electric cars. The credits amount to a $7,500 discount for most buyers.

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Tax Credit Tax Buy Electric Cars 82

Baua Electric

MARCH 7, 2024

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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Tax Credit Honda Tax SUV 52

EV Life

JANUARY 11, 2024

Colorado is one of the newest states looking to accelerate widespread EV adoption through aggressive financial incentives, introducing an electric vehicle tax credit for its residents in 2023. Effective July 1st, 2023, Colorado drivers purchasing new electric vehicles under $80,000 MSRP now qualify for a $5,000 EV tax credit.

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Tax Credit Tax Colorado Tesla 52

Green Car Reports

MAY 12, 2017

It's clear that incentives to buy specific cars work best when they can be applied directly at the time of sale. That's why purchase rebates are widely preferred by electric-car advocates to tax credits, which may take up to 15 months to be usable, depending on the timing of the purchase and tax filing.

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Purchase Electric Cars Tax Credit California 132

Green Car Reports

MAY 8, 2019

Electric-car sales skyrocketed in the U.S. The growth came not only as Tesla's production blew through its allotment of federal tax credits, but also as changes based on the 2017 tax law raised many taxpayers' tax bills, come last month. last year as Tesla Model 3 production ramped up.

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Tax Tax Credit Purchase 2017 95

EV Life

JUNE 29, 2023

The bill puts forth several measures aimed at advancing decarbonization in the state, including tax credits for industrial facilities to implement emission-reducing improvements, new spending for geothermal energy projects and geothermal electricity generation, the construction of sustainable aviation fuel production facilities, and more.

Tax Credit 52

Tax Credit Colorado Tax Electric Vehicles 52

Teslarati

JULY 30, 2021

President Joe Biden is campaigning for United States automakers to commit to a sales goal that would see 40% of its delivered units be electric by 2030. The White House has emphasized American car companies begin a serious effort to manufacture and sell electric cars. EV charging to receive $7.5

Sale 144

Sale GM Tax Credit Electric 144

Baua Electric

JANUARY 3, 2024

You can score a 2023 Chevy Bolt EV for under $20,000 with new IRS rules allowing you to use the tax credit as a down payment. You can buy a Chevy Bolt EV for under $20,000 Rather than waiting until next year’s tax return, you can now use the EV tax credit at the point of sale. But you may want to act fast.

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Tax Credit Tax GM Buy 52

Green Car Reports

MAY 28, 2014

Electric cars enjoy many incentives, from tax credits and purchase rebates through carpool-lane access, to encourage buyers to give them a try.

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Tax BMW Tax Credit New Jersey 144

CleanTechnica EVs

FEBRUARY 14, 2023

of new vehicle sales in Colorado were electric vehicle sales in 2022. That’s a great result in the USA, which as a whole is closer to 6% or 7% of new vehicle sales being electric. Last year, Colorado saw its EV uptake pass the symbolically important 10% marker. In the end, 10.5% Colorado got to […]

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Colorado Sale Electric Vehicles Vehicles 143

Baua Electric

MAY 11, 2024

crore) as well as highest-ever profit before tax (Rs 28.9K This strong showing is the result of strong sales emanating from its domestic passenger and commercial vehicle businesses as well as record sales of luxury car and SUV maker JLR. and profit before tax of Rs 1,400 crore. crore, up 9.4% market share.

SUV 52

SUV Motor Motors Motoring 52

Teslarati

AUGUST 2, 2021

Attempting to enter the Indian automotive market with its sustainable vehicles, Tesla has petitioned for lower import taxes before committing to a Gigafactory in India. EVs accounted for less than 1% of annual car sales, despite being Asia’s third-largest country. Chairman R.C. Import Duties are Getting in the Way.

India 141

India Tax Tesla Suzuki 141

Blink Charging

OCTOBER 6, 2023

The electric car market is experiencing massive growth, exceeding 10 million in sales in 2022. As a result, regulations and guidelines related to electric vehicles are changing frequently, and consumers and charging station hosts must be aware of new developments.

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Tax Charging Virginia Gas-Electric 52