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Tesla’s EVs still have great financing deals compared to rivals, even with recent price increases

Teslarati

Tesla’s electric vehicles are premium-priced, but their financing deals make them quite compelling against their rivals in the EV market. In a way, Tesla’s financing deals involve interest rates that could end up undercutting the costs of rival EVs by a notable degree.

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Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV).

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Congressionally-created Commission Recommends Mileage Tax Instead of Fuel Tax for Transportation Infrastructure Financing

Green Car Congress

A bi-partisan Congressionally-created commission has recommended a shift from motor fuel taxes to direct fees charged to transportation infrastructure users—i.e., a federal mileage fee—as a way to reform financing of the US transportation infrastructure. The recommendation is part of the final report issued by the National Surface Transportation Infrastructure Financing Commission, “ Paying Our Way: A New Framework for Transportation Finance ”.

2009 163
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Impact of Proposed Changes to the Federal EV Tax Credit – Part 1: Summary Chart

EV Adoption

A key component of the CEAA is nine proposed changes to the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) — more commonly known as the “federal EV tax credit.”. In essence, the difference becomes a tax refund instead of credit.

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Malaysia wants EVs to be tax-free, duty-free to encourage consumers to buy

Teslarati

Malaysian government officials are petitioning and working toward making electric vehicles exempt from taxes, including import and excise duties, as well as road taxes. Additionally, officials are proposing an income tax relief of up to 2,500 Malaysian Ringgits, or around $602.

Malaysia 114
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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.

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Tesla introduces financing product for Model S customers; lease-sale hybrid

Green Car Congress

Tesla Motors, in partnership with Wells Fargo and US Bank, has created an automotive financing product that combines elements of ownership and leasing for Model S customers. Essentially, said Tesla CEO Elon Musk in a conference call describing the product, the new approach allows one to buy a new Model S for no money down net of the tax credit and as low as about $500 net out of pocket cost per month, depending upon the model, specific state incentives, and personal parameters (e.g.,

2013 190
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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.

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Tesla stock outlook soars to $1,300 per share, driven by Biden’s $10k EV tax credit

Teslarati

Wedbush sources indicate that the previously thought $7,000 credit could be increased to $10,000, further incentivizing car buyers to purchase electric powertrains instead of gas-powered ones. Finance Live.

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PGE and SunRun Create $100M Home Solar Financing Fund

Green Car Congress

a provider of home solar financing, announced a $100-million tax equity project financing agreement to fund SunRun’s installation of more than 3,500 new home solar installations across the nation. The investment, principally funded by PG&E Corporation shareholders through Pacific Energy Capital, creates the largest residential solar financing vehicle established to date.

2010 163
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U.S. Senate Panel looks to boost EV Tax Credit to $12,500: What we know so far

Teslarati

The United States Senate Finance Committee is looking to boost the possible Electric Vehicle Tax Credit to $12,500 for manufacturers that have assembled union workers within the U.S. will still qualify for tax credits but will not receive the full amount.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewables account for approximately 10-15% of the global energy infrastructure investment and according to New Energy Finance renewables have been hit hard by the global recession with a 47% in Q1 2009 vs. Q1 2008 ($13.3 Is tax equity dead? by Bill Cooke.

Financing 150
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Digital Currency and Trade Systems Are Tearing up the Rules

Cars That Think

Digital currencies could allow the government to see everything you purchase and constrain what you can and cannot do with your money. Blockchain China Finance EncryptionThe next big thing in global commerce is "trust chain" digital platforms.

Bahamas 111
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Your Guide to Electric-Vehicle Charging-Station Tax Credits

EV Connect

And thanks to a variety of tax credits and incentive programs, the barrier to entry may be lower than you think. On the federal, state and local levels, there are a plethora of tax credits for installing electric-vehicle charging stations.

Connect 52
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MIT study finds fuel economy standards are 6-14 times less cost effective than fuel tax for reducing gasoline use

Green Car Congress

In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050). If policymakers had made their decision based on the broader costs to the economy, they would have gone with the option that was least expensive—and that’s the gasoline tax.

2013 242
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5 Tips on Switching to an EV in Rural Areas

Clean Fleet Report

Most Americans are aware that President Biden wants the purchase of gas-powered vehicles banned by 2035. Purchase a Long Range EV. Tax Incentives. The tax incentives being offered by the government are helping a lot in boosting the sale of EVs.

Clean 73
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UK Government Pre-Budget Report Offers Tax Exemptions for EVs, £30M in Additional Support for Low-Carbon Vehicles; Annual Fuel Tax Increases and End of Duty Differential for Biofuels

Green Car Congress

In the Pre-Budget Report (PBR) released on 9 December, UK Chancellor Alistair Darling announced that all electric cars will be exempt from Company Car Tax (CCT) for 5 years and electric vans will be exempt from Van Benefit Charge (VBC) for the same period. A 100% first year tax allowance will also be provided for the purchase of electric vans subject to State Aid clearance. In his statement, the Chancellor may announce changes to taxes and new spending measures.

2009 174
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Firefly & Hyundai Motor America create pilot program to offer rideshare fleets & drivers new vehicles with bonus income up to $3,600/year

Green Car Congress

With opportunities for drivers to earn additional income upon purchasing a new vehicle by having Firefly’s smart display screen technology integrated onto and inside each vehicle, Hyundai Drive by Firefly could help cover monthly car lease/financing costs for qualified drivers and fleets for the duration of the program. While US consumers can earn some tax credits by directly purchasing EVs, these subsidies only cover a small fraction of the car cost and apply to just some cars.

America 163
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California to receive more than $236M to support transit agencies’ transition to zero-emission buses

Green Car Congress

This funding comes from DOT’s Buses and Bus Facilities Program and Low or No Emission Vehicle (Low-No) Program, helping transit agencies purchase and lease new, cleaner vehicles and renovate and construct the infrastructure needed for zero-emission transit vehicles. Purchase and installation of solar panels at the Riverside Transit Agencys Riverside and Hemet facilities and workforce development training for new zero-emission technology.

Fresno 239
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The redesigned federal EV tax credit and other EV-related measures

Charged

The recent passage of the Inflation Reduction Act—a sweeping package of tax, health care and climate measures—was like the happy ending to one of those heartwarming “Save Christmas” stories. The revamped tax credit scheme is clearly a great improvement over its predecessor.

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Argonne study finds BEVs can have lowest scheduled maintenance costs, but highest cost of driving

Green Car Congress

Previous analyses of TCO, particularly those dealing with alternative fuel vehicles (AFVs), have often focused on the purchase cost and the fuel cost.

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DOE labs study on costs and benefits of new transportation technologies the most comprehensive to date

Green Car Congress

Key findings include insights into vehicle depreciation, an in-depth examination of insurance premium costs, comprehensive maintenance and repair estimates, an analysis of all relevant taxes and fees, and considerations of specific costs applicable to commercial vehicles.

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Ford introduces F-150 Lightning Pro electric pickup targeted at commercial customers

Green Car Congress

The Pro joins E-Transit in the lineup of Ford work-ready electric vehicles, backed by a nationwide network offering EV-certified fleet sales, service and financing.

F-150 344
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FREYR Battery to site US gigafactory in Georgia; initial investment $1.7B, growing to $2.6B through 2029

Green Car Congress

FREYR Battery announced the selection and purchase of a site in Coweta County, Georgia for its planned Giga America battery plant. In accordance with FREYR’s ambitions to accelerate development of Giga America in parallel with the ongoing construction of Giga Arctic in Mo i Rana, Norway, the company is intensifying and broadening its financing efforts.

Georgia 150
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Feature: Bridging the EV Affordability Gap

Clean Fleet Report

Rebates & Tax Credits Don’t Help Most Americans. Even though there are generous EV tax credits, rebates from states and utilities, and other incentives that can save drivers $10,000 or more per EV, most people aren’t aware these programs even exist.

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Ford Mustang Mach-E customers to receive 250 kWh of complimentary charging at Electrify America stations

Green Car Congress

For customers who want faster home charging for their Mustang Mach-E or who want connected features, the Ford Connected Charge Station home wallbox will be available for purchase, with prices starting at $799 MSRP, excluding taxes.

2020 227
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Velocys, Southwest Airlines in 15-year off-take agreement for 219M gallons of negative-carbon-intensity SAF; 575M gallons of net-zero blend

Green Car Congress

The agreement covers the purchase by Southwest of an expected 219 million gallons of negative-carbon-intensity SAF at a fixed price, over a fifteen-year term starting as early as 2026, when the biorefinery is scheduled to begin commercial delivery of fuel. The MoU covers the purchase by IAG’s constituent airlines, which includes British Airways, Aer Lingus and Iberia among others, of an expected 73 million gallons of SAF, in aggregate, at a fixed price.

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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

Green Car Congress

Russia’s invasion of Ukraine and other recent developments, not least post-pandemic recovery, undermined Tsingshan’s short position, forcing the company to purchase nickel at increasing prices to cover the positions, and the LME to increase margin requirements for market participants.

China 342
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Tesla’s Elon Musk potentially inching closer to Twitter acquisition deal: report

Teslarati

The filing suggested that Musk was exploring a tender offer to purchase Twitter stock directly from shareholders. The filling revealed that Musk gathered financing from Morgan Stanley and other lenders who offered $13 billion in debt financing.

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Survey: Norwegian PHEVs drive electrically 55% of time, BEVs driven more in total and in everyday traffic

Green Car Congress

Peer-to-peer influence is particularly important to diffusion of battery electric vehicles, as this is the biggest source of information leading to the purchase. Plug-in hybrid buyers received most information leading to the purchase from dealers and advertising material. Vehicle purchase taxes are very high in Norway. The registration tax consists of taxes on vehicle weight, engine power, CO 2 -emissions and NO x -emissions.

2016 223
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California adds $72.5M for cleaner diesel trucks, deployment of advanced vehicle technologies

Green Car Congress

million to help California consumers purchase plug-in hybrid and zero-emission cars and light trucks. This can be combined with an up to $7,500 clean vehicle federal tax credit and various other regional incentives. This program provides vouchers of up to $55,000 to help California fleets purchase cleaner, advanced technology trucks and buses. The Truck Loan Assistance Program is implemented in partnership with the California Pollution Control Financing Authority.

2013 214
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Used EVs – Over The Hill, Or An Absolute Steal?

My Energi

And that’s not all, while the purchase price of EVs has continued to tumble, comparable finance rates are still far higher than their internal combustion engine (ICE) counterparts. Will your used EV quickly become a drain on your finances?

Energy 106
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US Senators Introduce Bill to Expand Incentives for Natural Gas Vehicles

Green Car Congress

US Senator Robert Menendez (D-NJ) last week introduced new legislation, co-sponsored by Senate Majority Leader Harry Reid (D-NV) and Senator Orrin Hatch (R-UT) that extends and increases tax credits for natural gas vehicle purchasing, refueling and manufacturing. 1408 ), the purchase tax credit cap for a light-duty natural gas vehicle would be increased to $12,500, up from the current $5,000.

2009 163
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Crypto exchange Binance launches Tesla (TSLA) token for fractional stock trading

Teslarati

While the taxes that may ensue from such purchases may be substantial , the fact that cryptocurrency could be directly used to purchase a premium all-electric vehicle was still notable, if not groundbreaking in its own right. .

Financing 113
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Tesla’s Elon Musk received commitments for $46.5 billion for Twitter acquisition attempt

Teslarati

As noted in a Schedule 13D filing , Musk is currently exploring a tender offer to purchase some or all Twitter stock directly from shareholders. billion to help finance the potential deal. .

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Transportation Sec. Buttigieg: Buy an EV and ‘never worry about gas prices again’

Teslarati

Transportation Secretary Pete Buttigieg said earlier today during an interview on MSNBC that those who purchase electric vehicles will “never have to worry about gas prices again,” as fees at the pump have continued to rise over the past year.

Buy 113
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Elon Musk’s big Tesla (TSLA) selloff is about 60% complete

Teslarati

As noted in a Reuters report, Musk still has an option to purchase 10 million more shares at $6.24 A careful observer would note that my (low basis) share sale rate significantly exceeds my 10b (high basis) option exercise rate, thus closer to tax maximization than minimization.

Tax 101
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Communities Of Color Are Struggling With Air Pollution But Unable To Reap The Benefits Of EVs

Get Electric Vehicle

Communities of color are disproportionately burdened by vehicle-generated air pollution, while EVs are now purchased and leased at disproportionately low rates, according to the study’s authors, this is not due to a lack of interest in EVs, but rather to concerns that affect people of color more than white people. The survey data show that, among respondents who are concerned about cost, about half of those in each group identify an EV’s purchase price as an issue.

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Electrify Your Fleet Faster With Incentives and Rebates

EV Connect

Federal Incentives for Electric Fleets There are a variety of federal tax credits and incentives for purchasing electric vehicles, as well as for expanding America’s charging network and EV infrastructure.

Connect 77
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Qualcomm to acquire NXP for ~$38B; semiconductor engine for connecred world

Green Car Congress

The transaction utilizes Qualcomm’s strong balance sheet and will be efficiently financed with offshore cash and new debt. The transaction structure allows tax efficient use of offshore cash flow and enables Qualcomm to reduce leverage rapidly. The transaction is structured to enable tax efficient use of offshore cash flow to rapidly reduce leverage. The tender offer is not subject to any financing condition.

2016 221
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First Cobalt announces positive feasibility results for Canadian cobalt refinery expansion; first NA producer of battery-grade cobalt sulfate

Green Car Congress

37 million in undiscounted pre-tax free cashflow to the project forecasted during the first full year of production. 139 million after-tax net present value (NPV) using an 8% discount and 53% after-tax internal rate of return (IRR), representing a payback period of only 1.8

2020 212
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How does leasing an electric car work?

Drive Electric

When you lease a car, a finance company effectively buys it from the manufacturer and leases it to you for the duration of your contract. It’s a great way to drive a brand new car without having to finance the entire cost. Contract Purchase. Leasing an electric car.

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President Biden’s $174 billion EV package broken down dollar by dollar

Teslarati

automakers, especially ones like Tesla and General Motors, who cannot offer $7,500 rebates when a vehicle is purchased. Previous limits axed the EV tax credit after manufacturers sold 200,000 electric cars. Finance Live.