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How Do the Electric Vehicle Tax Credits Work?

Blink Charging

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. It does not act as a rebate (until 2024).

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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car.

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Former EPA exec Margo Oge explains the new federal emissions rules

Charged EVs

The Biden administration has announced three major pro-EV initiatives in recent months—a revamping of the federal tax credits , an infrastructure funding package , and new EPA emissions standards. By 2026, car manufacturers will have to [make approximately 17% of new vehicles] in their total fleets electric and zero-emission.

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