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

EV Life

Colorado is one of the newest states looking to accelerate widespread EV adoption through aggressive financial incentives, introducing an electric vehicle tax credit for its residents in 2023. This is great news for Tesla fans, as many Tesla models qualify for the credit. And the federal tax credit just got even easier to use.

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Driving Green Initiatives: Direct Pay Tax Incentives for Local Governments

Blink Charging

To address this challenge, federal tax credits that offer elective pay , commonly known as direct pay, can be a valuable tool to help communities finance climate change mitigation and resilience projects that were previously too expensive. Local governments will get their credits as long as they meet the requirements.

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Rivian introduces two quad-motor, AWD “Electric Adventure Vehicles”

Green Car Congress

R1T pricing starts at $61,500 after Federal Tax credit. R1S pricing starts at $65,000 after Federal Tax credit. Founded in 2009 by RJ Scaringe, Rivian develops and produces vehicles, products and services related to sustainable transportation. Deliveries begin in late 2020.

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The Benefits of EVs and Why They’re Here to Stay

Blink Charging

However, when you factor in federal tax incentives , electric cars actually end up costing about the same as regular cars. The Inflation Reduction Act expanded the previous EV tax credit to lower costs for qualified buyers. People and communities are adopting sustainable transport, creating an eco-friendly mindset.