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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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

JANUARY 25, 2024

4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal tax credit for electric vehicles. 4 units with batteries from SK On qualify for federal tax credits. 4 EV may choose to apply the tax credit as a down payment for the vehicle. The 2023 ID.4

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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. ” The price limit to qualify for the tax credit differs by $25,000: $55,000 for All Others, and $80,000 for SUVs. 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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EV Life

JUNE 29, 2023

Great news for drivers looking to purchase an electric vehicle in Colorado! But the most exciting part of the new bill for many Colorado residents is the expansion of an additional Colorado Electric Vehicle Tax Credit for qualified drivers looking to purchase electric vehicles. What Are Electric Vehicle Incentives?

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Blink Charging

FEBRUARY 23, 2023

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. It does not act as a rebate (until 2024).

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Baua Electric

MARCH 19, 2024

Photo: Tesla If you bought an EV or made electric upgrades in 2023, then use this Rewiring America tool to confirm which Inflation Reduction Act (IRA) tax credits you qualify for. The IRA tax credits are new, so it’s good to have a tool to refer to during tax preparation.

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Baua Electric

JANUARY 25, 2024

4 electric crossovers on sale now are eligible for the full $7,500 federal EV tax credit, VW confirmed Wednesday in a press release. 4 will retain the tax credit for the entirety of the 2024 calendar year. 4 to qualify for the tax credit. “Most” 2023 and 2024 Volkswagen ID.4

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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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Baua Electric

JANUARY 3, 2024

GM is offering a $7,500 incentive for EVs that lost eligibility for the EV tax credit. This comes after several GM electric models were excluded, starting this week. GM’s other electric models, including the GMC Hummer EV, start well over the $80K threshold for SUVs and pickups. However, no other specifics were mentioned.

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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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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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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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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. I’d love to chat!

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Teslarati

FEBRUARY 6, 2023

Tesla ( NASDAQ: TSLA ) had its price target at Wedbush raised to $225 from $200 on Monday morning, as analysts Dan Ives and John Katsingris believe new developments out of China, as well as the revised U.S. ” China was a weak point for Tesla in December as the automaker felt a significant drop in vehicle deliveries compared to November.

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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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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.

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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. Even the humble Nissan Leaf has been removed.

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Teslarati

JANUARY 2, 2024

Tesla Model S and Model X sales reached levels that have not been seen in five years. Tesla reported the company’s sales figures for Q4 today, confirming that it reached its 1.8 Additionally, the Model X’s Long Range configuration qualified for tax credits , making it even more accessible to consumers.

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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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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

FEBRUARY 5, 2024

Just weeks after its initial release in North America, the upgraded Tesla Model 3 Long Range Dual Motor All wheel Drive (AWD) has seen a minor price increase. The upgraded Tesla Model 3 is currently available in two variants. The Model 3 sedan and Model Y crossover comprise the lion’s share of Tesla’s global sales.

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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 amount to a $7,500 discount for most buyers. The credits were passed after the 2007 federal Energy Independence and Security Act to promote the sale of electric cars.

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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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Green Car Reports

JANUARY 8, 2019

For a bunch of electric-car owning acolytes, our readers are surprisingly sanguine about the reduction and eventual expiration of plug-in tax credits on electric-car sales. We've reported extensively on the expiring tax credits, which will affect models from Tesla and GM in 2019.

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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

JANUARY 12, 2023

Tesla’s aggressive sales strategy has been implemented in the United States. As per a recent update on Tesla’s official website, the company’s best-selling vehicles — comprised of the Model 3 sedan and the Model Y crossover — have been given substantial price cuts. .

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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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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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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. Don’t hesitate to contact us with news tips.

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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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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

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

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