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How Do the Electric Vehicle Tax Credits Work?

Blink Charging

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. First, the easy part: How do I claim the $7,500 EV tax credit?

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Senators introduce bill to expand E15 sales, ban Russian petroleum products

Green Car Congress

introduced the Home Front Energy Independence Act. This legislation would make the sale of E15 year-round permanent; create a tax credit for higher biofuel blends; streamline E15 labeling; provide funding for E15 infrastructure; extend the biodiesel tax credit for three more years; and ban imports of Russian petroleum products.

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Ford prices C-MAX Energi plug-in hybrid at $29,995 after federal tax credit; expects conquest rate of about 50%

Green Car Congress

Ford is pricing the new C-MAX Energi—expected to offer 15 class-exclusive features, a 550-mile (885 km) total range and more than 20 miles (32 km) of electric-only range ( earlier post )—at $33,745. Its eligibility for a $3,750 federal tax credit drops that to $29,995.

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Conservative poll says Americans resent electric-car tax credits

Green Car Reports

Results of a study released Tuesday by the American Energy Alliance found that most voters object to tax credits for electric cars. Two-thirds said they are better for the environment than than gasoline powered cars, and 50 percent (a plurality) named that.

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Congressional Budget Office estimates US federal policies promoting EVs and other fuel-efficient vehicles will cost $7.5B through 2019; little or no impact on gasoline use and GHG in the short term

Green Car Congress

Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. For example, an average plug-in hybrid vehicle with a battery capacity of 16 kWh would be eligible for the maximum tax credit of $7,500. Source: CBO. Click to enlarge.

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EVs dominate list of efficient cars in ORNL 2022 Fuel Economy Guide

Green Car Congress

Credit: Andy Sproles/ORNL The 2022 Fuel Economy Guide, released by ORNL for the DOE/EPA fueleconomy.gov website, provides up-to-date information on fuel economy, environmental and safety data, so consumers can choose the most fuel-efficient vehicle that meets their needs. Credit: Andrew Sproles/ORNL, U.S.

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CMU study finds small battery PHEVs and gasoline hybrids the least-cost policy solution to reducing gasoline consumption

Green Car Congress

The federal subsidy significantly favors larger battery packs to a stronger degree than their potential for additional gasoline savings. Their paper is available online in the journal Energy Policy. (A Peterson and Michalek 2012. Click to enlarge. Earlier post.). per gallon saved while subsidizing 16 kWh battery PHEVs at roughly $4.50

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