article thumbnail

PHEVs and oil demand, Porsche charging, point-of-sale tax credit: Today’s Car News

Green Car Reports

The point-of-sale EV tax credit is very popular. And are plug-in hybrids potentially adding to future oil demand? With the release of its annual EV sales outlook, Bloomberg New Energy Finance suggests that plug-in hybrids are a wild card for oil demand. Porsche adds thousands of chargers to its app.

article thumbnail

Fisker Ocean electric SUV starts at $37,499, pre-tax credit; leases for $379/mo

Green Car Congress

After the US federal tax credit is applied, the cost of the Fisker Ocean drops to a starting price of US$29,999 (US). Fisker will also offer a “$0 drive off” option through a fully financed $2,999 down payment for credit-approved customers. More details on future Fisker models will be shared throughout 2020.

article thumbnail

Biofuel and Ag organizations call for accountable life cycle analysis for SAF tax credits, DOE to lead

Green Car Congress

In an effort to decarbonize transportation and reduce aviation emissions, Congress is considering new legislation to establish a tax credit to promote and develop robust domestic SAF production. Many others are looking to work toward participation in the full value chain in the relatively near future.

article thumbnail

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

EV Life

The brand’s commitment to sustainability, sleek design, and a strong charging infrastructure further contribute to its widespread appeal among consumers embracing the future of automotive innovation. This is great news for Tesla fans, as many Tesla models qualify for the credit. So act fast for maximum savings!

article thumbnail

Upcoming Changes to the Clean Vehicle Tax Credit Explained

Blink Charging

To encourage clean and energy-efficient vehicle adoption, the United States government has made significant changes to the Clean Vehicle tax credit, to take effect from January 1, 2024. These changes make it easier for drivers to access tax credits when purchasing clean vehicles. What Is the Clean Vehicle Tax Credit?

article thumbnail

Tesla to increase Model Y price in the U.S. next month

Teslarati

also offer additional local tax credits on electric vehicles (EVs). also offer additional local tax credits on electric vehicles (EVs). The news also comes as the first quarter of the year comes to a close, and it’s not unlike Tesla to offer special incentives or future price increases during end-of-quarter pushes.

article thumbnail

Proposed Changes to Federal EV Tax Credit – Part 5: Making the Credit Refundable

EV Adoption

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.