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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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Rural EV charging incentivized in much of the US with Biden guidance

Baua Electric

The Biden administration will use a broad legal interpretation to provide tax credits to EV charging projects in a large swath of the country. The Treasury Department on Friday released additional guidance providing more specific information on what projects will qualify for the revived 30C tax credit. population.

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Pairing EV Charging with Solar Storage Opens a World of Possibility

Setec Powerr

The benefits of solar energy are numerous, including a reduction in greenhouse gas emissions, increased energy independence, and lower electricity bills. EVs, or electric vehicles, are becoming increasingly popular due to their environmentally-friendly nature and cost-effectiveness.

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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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Ford Scales Back Michigan Battery Plant Investments

The Truth About Cars

Ford has said it will restart construction on the electric vehicle battery facility it’s building in Marshall, Michigan, after pausing work when the UAW strike kicked off a couple months ago. From Ford: While we remain bullish on our long-term strategy for electric vehicles, we are re-timing and resizing some investments.

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Top Factors Affecting EV Adoption

EV Connect

Industry experts predict that electric vehicles (EV) will account for 40% of car sales by 2030. Yet for all the optimism around the electric vehicle adoption rate, certain human, structural and environmental factors still dictate the pace. Of the 289 million cars registered on US roads, barely 2 million are electric.

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EPA Administrator broadly outlines Trump Administration thinking on fuel economy standards and California

Green Car Congress

In August 2018, EPA and US Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) released a notice of proposed rulemaking (NPRM) to adjust the Congressionally-mandated Corporate Average Fuel Economy (CAFE) and Light-Duty Vehicle Greenhouse Gas Emissions Standards. Earlier post.). —Andrew Wheeler.