article thumbnail

California to receive more than $236M to support transit agencies’ transition to zero-emission buses

Green Car Congress

The recently passed Inflation Reduction Act would also provide $1 billion for clean heavy-duty vehicles, including transit and school buses, and a new tax credit of up to $40,000 for commercial vehicles, for which transit agencies and school districts are eligible. Los Angeles County Metropolitan Transportation Authority.

article thumbnail

Electric Vehicle Spotlight: Financing Rivian R1S

EV Life

American EV manufacturer Rivian Automotive initially unveiled a prototype of its futuristic all-electric SUV—the R1S—at the Los Angeles Auto Show in November 2018. After battling supply chain issues due to the global pandemic, Rivian finally began fulfilling orders for the R1S in August 2022.

article thumbnail

Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates

EV Life

In this article, we’re going to show you how California residents can save over $15,000 on Tesla Model 3 and Model Y by taking advantage of available EV tax credits, rebates, and incentives. Any unused funds are not available as a refund or to be used on the following year’s taxes. Not anymore.

article thumbnail

Ford rolls out incentives for 2023 Mustang Mach-E

Teslarati

The perks, which include low-interest financing and Bonus Cash, are exclusive to 2023 model year vehicles. In Los Angeles, Ford’s Red Carpet Lease Offer includes payments of only $569 per month for 36 months, $0 due at signing, and no security deposit. APR financing for 60 months.

Ford 78
article thumbnail

Next 10 report says widespread EV adoption in California could deliver significant economic benefits to the state by 2030 and 2050

Green Car Congress

This overall economic expansion generates billions in additional revenue per year from existing tax instruments. The study focused on Los Angeles County and the Central Valley as 75% of the state’s DACs are in these regions. charging) and component technology subsidies.

article thumbnail

The Further Adventures of The Solangelist

Creative Greenius

The city and county gets the funding from a bond issue and we pay back the loans as an annual assessment on our property taxes. The law passed back in July of this year, but none of the money is flowing yet to anyone in my city of Torrance or my county of Los Angeles. The county of L.A. was far more responsive.

article thumbnail

CODA Launches Direct to Consumer Sales of CODA EV

Green Car Congress

MSRP is $44,900, with federal tax savings from 0-$7,500. Excludes tax, title and license. After tax savings, the net price is as low as $37,400. CODA also currently plans to begin selling vehicles in Hawaii in the third quarter of 2011, where the car will be eligible for a $4,500 tax rebate offered in the state.

Sale 199