EV Adoption

AUGUST 18, 2021

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). What is less clear is how Tesla and GM will handle leases.

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EV Life

JANUARY 11, 2024

Electric vehicles are becoming more and more common on the roads across the country. With climate change awareness increasing, gas prices continuing to climb, EV charging stations expanding, and tons of new EV options hitting the market each year, it’s no surprise that electric vehicle purchases are skyrocketing.

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Teslarati

AUGUST 7, 2023

Used Teslas will now qualify for the $4,000 tax credit through the Inflation Reduction Act (IRA) that is applicable for electric vehicles (EVs), Plug-In Hybrid Electric Vehicles (PHEVs), and Fuel Cell Electric Vehicles (FCEVs). It must have a sale price of $25,000 or less.

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Tax Credit Tax Tesla Purchase 98

Teslarati

FEBRUARY 3, 2023

Tesla’s complete lineup of Model Y trim levels now qualifies for electric vehicle tax credits through the Inflation Reduction Act, as the Internal Revenue Service (IRS) has increased the applicable MSRP limit to $80,000 across each of the all-electric crossover’s configurations.

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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.

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Teslarati

FEBRUARY 7, 2023

The Tesla Model Y complete lineup was recently added to the IRS list of qualifying vehicles that will give buyers a $7,500 tax credit. On Friday, the Model Y’s entire lineup was added to the list of qualifying vehicles after the U.S. .” Lower prices mean more sales. No, absolutely not.

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CleanTechnica EVs

JUNE 15, 2022

Some experts argue that the current tax credit doesn't begin to address the needs for transitioning to zero emissions, all-electric transportation.

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Teslarati

AUGUST 17, 2022

Department of Energy’s Alternative Fuels Data (DOE) published a list of electric vehicles that are immediately available for the new $7,500 EV tax credit. The Inflation Reduction Act was signed into law yesterday and for electric vehicles, it changed a few things. Tesla Model 3. Tesla Model S.

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EV Life

OCTOBER 7, 2023

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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The Truth About Cars

APRIL 17, 2023

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. That also means a bunch of foreign-made vehicles no longer qualify.

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EV Life

APRIL 7, 2023

That’s why it’s no surprise that the high sticker price of many electric vehicles, particularly Tesla models, has long been one of the main deterrents for people looking to buy a new car, truck, or SUV. Which brings us to Tesla. Tesla’s electric vehicles are by far the most popular EVs in the country.

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The Truth About Cars

FEBRUARY 12, 2024

The Tesla Model Y is the world’s best-selling electric vehicle, but that hasn’t stopped the automaker from exploring new ways to boost buyer interest. Though it’s eligible for federal tax credits, Tesla is temporarily decreasing pricing on the SUV, dropping it to $42,990 for the base model and $47,990 for the Long Range model.

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Teslarati

MAY 11, 2024

Tesla has launched its latest buying incentive for the Model Y, this time offering a special, super-low interest rate for those who purchase the SUV by the end of this month. On Friday night, Tesla launched the promotional financing on its website for the Model Y, offering a 0.99 What are your thoughts? What are your thoughts?

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Teslarati

APRIL 28, 2023

CarMax, the United States’ largest used car retailer, has observed a significant increase in consumer interest in electric vehicles, particularly Teslas. The firm’s findings were outlined in the company’s 2023 Electric Vehicle (EV) Consumer Report.

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Green Car Reports

FEBRUARY 26, 2018

sales of electric cars that qualify for the full federal tax credit of $7,500? 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. It's been a topic of discussion for years: What will happen when a carmaker reaches the cap on U.S.

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CleanTechnica EVs

JANUARY 16, 2024

As of January 1, 2024, the federal EV tax credit has become a point of sale rebate. continued] The post Now You Can Claim Your Tesla EV Federal Tax Rebate Online appeared first on CleanTechnica.

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Tax Tax Credit Tesla Sale 120

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. Coloradans want low- and zero-emissions vehicles because they help them get where they’re going while breathing cleaner air and saving money.

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Teslarati

JANUARY 9, 2024

Hertz is selling off some of its Tesla models that were formerly rentals, and the vehicles are currently available at some pretty low prices. As part of the Rent2Buy vehicle sales program on its website , Hertz has listed hundreds of its early Tesla rentals for sale at fairly low prices.

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EV Adoption

SEPTEMBER 7, 2021

One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. How the Current Tax Credit Works For EV Buyers.

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Teslarati

MARCH 27, 2024

Tesla really seems to be hitting its stride with regards to its efforts to advertise its all-electric vehicles. And as per recent observations from members of the electric vehicle community, Tesla now seems to be adopting some strategic ads for people who are specifically looking for a car.

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Teslarati

JULY 11, 2023

A survey from Cox Automotive estimates that electric vehicle sales in the US auto market could surpass 1 million units for the first time in 2023. Electric cars currently account for about 6.5% Such a trend, however, seems to be largely pushed by Tesla and the popularity of the Model 3 sedan and Model Y crossover.

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Teslarati

FEBRUARY 28, 2024

Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. Hyundai Motor Group was second in EV sales last year thanks to its Hyundai and KIA brands. Hyundai Motor Group is investing $7.59 billion in HMGMA.

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Teslarati

OCTOBER 12, 2023

Tesla cut prices on its cars once again recently and contributed to a broader scope of affordability for electric vehicles. As new vehicle transaction prices declined once again in September, according to Kelley Blue Book data, Tesla is the culprit, helping consumers find industry-leading vehicles for a reasonable price.

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Teslarati

APRIL 11, 2024

Ford has launched a new program called Tesla Competitive Conquest Bonus Cash, which will give owners of the United States’ most popular EV brand a discount on the F-150 Lightning. In 2025, Ford will begin installing the NACS inlet in its electric vehicles permanently, eliminating the need for the adapter.

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Green Car Reports

DECEMBER 19, 2017

Senate and House of Representatives retained a number of provisions originally slated to be cut from the tax code. Among them was the federal income-tax credit for purchase of a plug-in electric vehicle. Three carmakers—General Motors, Nissan, and Tesla—have now used more than half.

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Baua Electric

JANUARY 1, 2024

Tesla has officially revealed its electric vehicles that still retain access to the $7,500 federal incentive following the rule changes in 2024. Over the last few months, Tesla has released a bunch of new statements about changes to the eligibility of its electric vehicles to the federal tax credit in 2024.

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Green Car Congress

JANUARY 12, 2023

The drop in pricing was driven by significant price cuts at Tesla, which commands more than 65% of the electric vehicle segment. Earlier in the year, Tesla was increasing prices, citing supply issues. Sales volumes in December were up year-over-year by more than 5% but down from November, due in part to improved supply.

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Teslarati

AUGUST 9, 2021

Longtime Tesla bull ARK invest recently identified battery cost declines as a form of “good deflation” that could lead to a boost in EV sales. Credit: Manheim Index ). Battery cost declines could decrease EV production costs and improve range, which may boost electric vehicle sales in the long run.

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CleanTechnica EVs

NOVEMBER 2, 2023

Lavish tax credits. You’d think that sales of electric vehicles (EVs) would be rising exponentially, right? New model launches. Price cuts. Instead, legacy automakers are pulling back from what had been feverish investments in battery gigafactories and excited announcements of new EVs models.

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Teslarati

JANUARY 11, 2024

Hertz announced on Thursday in a regulatory filing with the SEC that it has made a “strategic decision” to slash its electric vehicle fleet by 20,000 vehicles. The EVs that Hertz has put up for sale will “remain eligible for rental” until they ultimately sell. ” Hertz inked a $4.2

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Baua Electric

JANUARY 25, 2024

Hyundai sold 268,785 EVs in 2023 During the last three months of 2023, Hyundai sold over 57,975 electric vehicles globally. With this, Hyundai’s global EV sales reached 268,785 in 2023. Hyundai attributed the growth to higher sales of its dedicated IONIQ EVs. That undercuts the new Tesla Model 3 by $9,300.

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The Truth About Cars

JANUARY 11, 2024

The company announced that it would buy tens of thousands of electric vehicles from Polestar, BMW, Chevrolet, Tesla, and others and had aimed to purchase 100,000 Teslas by the end of 2022. At their height, EVs made up 11 percent of Hertz’s rental vehicle catalog.

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Teslarati

JULY 5, 2023

The China Passenger Car Association (CPCA) recently released its monthly report, revealing that electric vehicle maker Tesla was able to sell an impressive 93,680 cars over the month. The favorable conditions in the market are not exclusive to Tesla. While the overall car sales to dealers are projected to decline by 5.9%

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Teslarati

OCTOBER 5, 2023

Tesla seems determined to push as many Model 3 sedan and Model Y crossover sales in the United States this fourth quarter. As per updates on Tesla’s official order pages for its two best-selling all-electric vehicles, the Model 3 and Model Y have received a fresh batch of price cuts.

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Teslarati

JUNE 10, 2022

A new survey shows that prospective electric vehicle buyers are considering Tesla over any other brand as more buyers consider electrified options due to soaring gas prices. The survey results showed Tesla was still the dominant brand among EV shoppers, with most preferring either the Tesla Model 3 or Tesla Model Y.

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The Truth About Cars

SEPTEMBER 14, 2023

But, while it’s true that electric vehicles still make up a tiny portion of the overall market, their numbers are growing. The latest data from Experian shows that EV registrations rose 67 percent over 2022’s numbers to an impressive 655,986 vehicles. Automotive News reported on the data, showing a market share increase of 7.2

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Teslarati

MAY 25, 2021

Telsa could dominate the United States and Canada’s used car industry as politicians contemplate introducing tax credits and rebates for used electric vehicles (EVs). 2021 Tesla Model 3 Performance gives way to the 2020 version of itself in drag race. The Tesla brand has also made its mark in Canada.

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