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How to Save Big on a Tesla with Colorado’s New EV Tax Credit

EV Life

At the forefront of the electric vehicle revolution is Tesla, which currently makes up over half of the EV market. Tesla’s groundbreaking technology, impressive range, cutting-edge performance, and continuous software updates give the automaker a strong advantage over its competition (although other major brands are starting to catch up ).

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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

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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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Tesla tax credits cut, BMW gas engines run on, Europe likes SUVs: Today's Car News

Green Car Reports

Tesla faces another drop in tax-credit eligibility for its cars on Monday. And BMW says gas engines won't go away any time soon. The federal tax credit on Teslas is. The company is also reportedly working to develop its own batteries. All this and more on Green Car Reports.

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Tesla executives talk Model 3 Performance design in new video

Teslarati

Tesla has shared a new video advertisement for the recently launched Model 3 Performance, including a few words from two of the company’s top executives. The new advertisement comes after Tesla launched the highly anticipated Model 3 Performance last month, initially debuting with a $52,990 price tag.

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Tesla tax credits, BMW charger recall, and Israel to ban internal-combustion engines: Today's Car News

Green Car Reports

Tesla tells buyers the final date to order a car before federal tax credits expire. Israel plans to stop the sale of cars with internal-combustion engines by 2030. BMW recalls charge cords for its electric cars. And we round up the best deals on green cars this month. All of this and more on Green Car Reports.

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Proposed Changes to Federal EV Tax Credit – Part 4: Chinese-Assembled Vehicles Will Not Be Eligible for Tax Credit

EV Adoption

One of the proposed changes to the federal EV tax credit that has flown a bit under the radar is also one of the most political and protectionist in nature. Effective January 1, 2022, electric vehicles with final assembly* (see definition at the end) in China would no longer qualify for IRC 30D (federal EV tax credit).