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Feds: 90% of eligible EV purchases get tax credit at point of sale

Baua Electric

The majority of EV purchasers eligible for a federal tax credit have gotten the credit as a point-of-sale rebate since that option was added at the beginning of the year, The Treasury Department said in a press release. The tax credit can be claimed on Teslas at the time of purchase via its company-owned direct sales apparatus.

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Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

As of June 15, 2022, Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. Ford says, “you do not have the option to purchase the vehicle at the end of the lease term.” battery production.”

Ford 98
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Electric Vehicle Adoption Divide Mapped

The Truth About Cars

Power looked into the latter issue, hoping to identify purchasing trends around the United States. Those states are California, Colorado, Massachusetts, Washington, Oregon and Maryland. Ford’s F-150 Lightning starts above $50,000, whereas its gasoline equivalent starts at $35,830 with shipping included.

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NTSB Head Raises Concerns on the Aftermath of Collision Between EVs & Lighter Vehicles 

Get Electric Vehicle

  Jennifer Homendy, the head of NTSB highlighted the matter in a speech to the Transportation Research Board in Washington. ” Homendy pointed out that Ford’s F-150 Lightning EV pickup is 2,000 to 3,000 pounds (900 to 1,350 kg) heavier than the combustion version of the same model. of all new vehicle sales.

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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. More on this below.