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EV Tax Credits Are Working—Cutting Them Now Would Be a Costly Mistake

Plug in America

If you already drive an EV, you might wonder, “Why all the fuss about EV tax credits?” Maybe you already took advantage of the federal tax credit or bought your EV without it because you care about tech, climate, or long-term savings. But here’s why those tax credits still matter—and why they’re worth defending.

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Electric Vehicle Tax Credit Bill From US Senate Finance Committee Looks Great

CleanTechnica EVs

The US Senate Finance Committee has put forth a bill to extend and strongly improve the US federal EV tax credit.

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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. Tesla offers a calculator on its Web site to allow potential buyers to make their own calculations. driving distances, etc.). driving distances, etc.).

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All the EVs you can buy with 0% financing in July, 2025

Electrek

The feces-filled freight train of dystopian horrors rolls on with the passage of the Big Beautiful Bill and the untimely demise of the $7,500 federal EV tax credit. There are plenty of great options with zero interest financing to choose from … and one with zero interest in general.

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Electric car US tax credit proposed to $12,500, less for Tesla vehicles

Electrek

A new bill to reform the federal electric car tax incentive in the US has passed the US Senate Finance Committee. It includes increasing the electric vehicle tax credit to up to $12,500, but it was expertly crafted to give less to Tesla vehicle buyers.

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Tesla Model 3 Long Range costs $3,200 more to finance than last week

Electrek

Tesla scrapped promotional financing on the Model 3 Long Range this week after it became eligible for the $7,500 federal tax credit.

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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). What is less clear is how Tesla and GM will handle leases.