article thumbnail

Electric Vehicle Spotlight: Financing a Volkswagen ID.4

EV Life

4 to its plant in Chattanooga, Tennessee, which allowed the popular SUV to join the ranks of EVs that qualify for the $7,500 federal tax credit. 4 has to offer, compare available trims, and take a look at how you can save money with EV incentives by financing through EV Life. 4 is on the CVRP’s list of eligible vehicles.

article thumbnail

Colorado Electric Vehicle Tax Credit Rises to $5,000

EV Life

The bill puts forth several measures aimed at advancing decarbonization in the state, including tax credits for industrial facilities to implement emission-reducing improvements, new spending for geothermal energy projects and geothermal electricity generation, the construction of sustainable aviation fuel production facilities, and more.

article thumbnail

The EV Tax Credit: Buy Now or Wait Until 2024?

EV Life

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

article thumbnail

Guide to California EV Incentives

EV Life

To accomplish this, California has introduced a number of tax credits, rebates, and grants aimed at reducing air pollution and encouraging California drivers to make the switch to low-emission or no-emission vehicles. Grants can only be used at approved dealerships on the CVA program dealership list.

article thumbnail

The Best Electric SUVs on the Market

EV Life

We’re also going to show you how you can save big on financing your SUV by applying for an EV Climate Loan with EV Life. So, we’ve compiled a list of electric-powered SUVs with some of the longest ranges on the market for you to check out. The Model Y qualifies for the full $7,500 federal EV tax credit. The other upside?

SUV 52
article thumbnail

Mercedes-Benz’s Q1 2024 report shows revenues are down, but its share of EV sales is growing

Baua Electric

Mercedes-Benz joins a growing list of EU-based automakers publishing their Q1 2024 financial reports today, and the German brand is relaying a similar story of staggering profits. billion) in earnings before interest and tax (EBIT) in Q1 2024. One of the most notable numbers is Mercedes’ €3.86 billion ($4.18 billion compared to €4.1

article thumbnail

California Governor Schwarzenegger Announces 244 Proposed Renewable Energy Projects Throughout State; Up to 69,925 MW of Capacity

Green Car Congress

California Governor Arnold Schwarzenegger announced the first comprehensive list of 244 proposed renewable energy projects that could produce up to 69,925 MW of clean energy annually. A list of the 244 proposed projects that are currently in review or have been approved is available at www.energy.ca.gov/33by2020/documents/index.html.

Renewable 264