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How To Choose the Right EV Charging Equipment for Your Dealership

Blink Charging

Forecasts predict that over half of vehicle sales in the United States will be electric by 2030 thanks to US federal tax credits for EVs and EV charging equipment. In addition, depending on your location, your business may be eligible for the US Federal Alternative Fuel Infrastructure Tax Credit.

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Three Major Sources of Funding for EV Charging at Convenience Stores and Truck Stops

Blink Charging

Furthermore, by 2035, EVs are projected to account for 45% of the market , up from a forecast of 32% in 2030. Preference for funding via the Community Program will be given to locations within rural areas, low- and moderate-income neighborhoods, and communities that have a low ratio of private parking spaces. times more than in 2018.

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Pike forecasts NEV market to remain small, although with double the growth rate of light-duty vehicles to 2017

Green Car Congress

The total number of neighborhood electric vehicles (NEVs)—low-speed street-legal electric vehicles—on the world’s roadways will grow from 479,000 in 2011 to 695,000 by 2017, a 45% increase, according to a new forecast by Pike Research. The US currently offers federal tax incentives of 10% of the purchase price up to $2,500.

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Proposed Changes to Federal EV Tax Credit – Part 4: Chinese-Assembled Vehicles Will Not Be Eligible for Tax Credit

EV Adoption

One of the proposed changes to the federal EV tax credit that has flown a bit under the radar is also one of the most political and protectionist in nature. Effective January 1, 2022, electric vehicles with final assembly* (see definition at the end) in China would no longer qualify for IRC 30D (federal EV tax credit).

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An inside look at how utilities view EVs: expanding electricity sales without adding new customers

Charged EVs

Once you remove that concern, we forecast seeing an influx in vehicles. And I’m happy to share that that forecast has held true. If someone only spends $100 with me yearly to charge their vehicle at one of my high-speed chargers, I’m still probably going to see in the neighborhood of an additional $400 or $500 in home charging.

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Solving the Electric Vehicle Charging Conundrum

Cars That Think

It might be in your neighborhood, but it's something that you will find along interstates or major travel routes. There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment. It doesn't cover the whole thing, but you do get a chunk of it back as a tax credit.

article thumbnail

Solving the Electric Vehicle Charging Conundrum

Cars That Think

It might be in your neighborhood, but it's something that you will find along interstates or major travel routes. There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment. It doesn't cover the whole thing, but you do get a chunk of it back as a tax credit.