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Study finds EV buyers want rebates, not tax credits; government could have saved $2B

Green Car Congress

A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. The current federal electric vehicle tax scheme is a pain.

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Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

Green Car Congress

Direct transportation (fuel) taxes generate the greatest reductions in CO 2 emission from transportation, achieving CO 2 emissions at 86% of 2005 levels by about 2025. The largest reductions in GHG emissions from transportation are obtained by increasing the cost of driving with fuel taxes, resulting in lower emissions in 2030 than in 2010.

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Boost Your Savings: Best US States for Electric Vehicle Incentives

Setec Powerr

Colorado Colorado offers a state tax credit of up to $4,000 for the purchase or lease of a new electric vehicle. This credit is available for both new and used EVs and applies to both residents and businesses. Georgia Georgia offers an income tax credit of up to $2,500 for the purchase or lease of a new electric vehicle.

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Top 15 Nissan LEAF markets in US in 2013

Green Car Congress

Georgia has a tax credit worth up to $5,000 for zero-emissions vehicles. The island environment also makes it easier to strategically place charging points so that EV drivers have easy access to reach key destinations. Illinois provides a $4,000 state tax incentive for purchases and reduced registration fees.

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Volvo To Go All Electric By 2030 – EV Week in Review: Feb 23-Mar 1

EV Adoption

This past week was certainly quite a whirlwind of EV news and developments from Volvo’s plans to end production of ICE vehicles by 2030, yet another proposal to reform the federal EV tax credit, chip shortages, Washington state’s plans to ban ICE vehicles by 2030, Lucid Air delay, Fisker to partner with Foxconn, and much, much more.

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The State of Medium- and Heavy-Duty Vehicle Electrification

Driivz

Public transit buses are also steadily electrifying, led by California, New York City and the Washington, DC area as well as cities like Pittsburgh and Phoenix. Massachusetts, New Jersey, New York, Oregon, Washington, and Vermont are adopting the same rules. With approval from the U.S.

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Inflation Reduction Act – How It Supercharges the Electric Vehicle Industry

EV Match

Not since the founding of the Environmental Protection Agency in 1970 has the United States government taken such bold action on the environment as it did with the passage and signing of the $370 billion Inflation Reduction Act (IRA) earlier this month. And what about changes to the EV tax credit?