EV Adoption

AUGUST 18, 2021

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). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.

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Tax Credit Tax Manufacturer Parts 111

EV Life

APRIL 7, 2023

That’s why it’s no surprise that the high sticker price of many electric vehicles, particularly Tesla models, has long been one of the main deterrents for people looking to buy a new car, truck, or SUV. Tesla’s electric vehicles are by far the most popular EVs in the country. Which brings us to Tesla.

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Tax Credit Tax Tesla Purchase 52

Green Car Congress

MARCH 21, 2012

Colorado residents who purchase or lease a new Chevrolet Volt are eligible for a state tax credit of up to $6,000 in addition to a federal tax credit of up to $7,500 for a total price reduction of as much as $13,500. A tool to determine specific state or local electric vehicle tax credits is available here.

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Tax Credit Colorado Volt Tax 231

Teslarati

JUNE 6, 2023

The Tesla Model 3 just became less expensive than the price of the Toyota Camry in California thanks to the company’s confirmation that each of the all-electric sedan’s trim levels qualifies for the full $7,500 tax credit. ALSO READ: Tesla Model Y price cuts have brought costs below U.S.

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Tax Credit California Toyota Tax 145

Green Car Congress

JANUARY 25, 2012

Sherrod Brown (D-OH), would extend the advanced energy manufacturing tax credit (48C credit). The program provides investment tax credits of 30% for facilities that manufacture energy equipment. The SEAM Act is also cosponsored by Senators Debbie Stabenow (D-MI), Maria Cantwell (D-WA), and Bob Casey (D-PA).

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Tax Credit Tax Manufacturer Energy 186

Baua Electric

MAY 20, 2023

On the other hand, the proposal faces opposition from refiners, renewable gas manufacturers and a few lawmakers who argue it flouts federal regulation. Gasoline refiners, in the meantime, have argued that Congress by no means gave the EPA authority to form a untouched biofuel credit score fasten to electrical energy.

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Green Car Congress

JULY 24, 2012

Ford is pricing the new C-MAX Energi—expected to offer 15 class-exclusive features, a 550-mile (885 km) total range and more than 20 miles (32 km) of electric-only range ( earlier post )—at $33,745. Its eligibility for a $3,750 federal tax credit drops that to $29,995.

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Blink Charging

MARCH 31, 2022

Gas prices are at nearly their highest point in history, and some owners of larger vehicles are ready to trade them in for vehicles with better gas mileage. Plenty of drivers, however, are looking at a more permanent option – electric vehicles. Electric Vehicles by the Numbers. Electric Vehicles Vs Competition.

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Gas-Electric Electric Vehicles Price Gas 52

Green Car Congress

SEPTEMBER 1, 2020

Global findings reveal more optimism for EVs—just 6% of Chinese respondents and 4% of Indian respondents will wait to buy an EV until gas-powered vehicles cease production. Americans cite too few charging points and too high upfront cost as the leading barriers to buying an electric vehicle.

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Tax Credit Global Vehicles Tax 186

Electrek

MARCH 9, 2023

Rebates and tax credits might need a tweak to incentivize consumers to fully switch to electric vehicles – here’s what a new study found. more… The post This is what it might take to get everyone to stop driving gas cars appeared first on Electrek.

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Tax Credit Gas Tax Gas-Electric 120

Green Car Congress

MAY 3, 2023

AJR Trucking , a leading carrier for the United States Postal Service (USPS) and a major drayage carrier operating in the Ports of Los Angeles and Long Beach, has executed a purchase order for 50 Nikola Tre hydrogen fuel cell electric vehicle (FCEV) trucks from Tom’s Truck Centers, a member of the Nikola Corporation sales and service dealer network.

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Fleet Los Angeles Kenworth Long Beach 322

CleanTechnica EVs

AUGUST 3, 2022

Last week, Senators Schumer and Manchin announced a compromise on a reconciliation bill, called the Inflation Reduction Act of 2022, that includes significant climate and air quality progress and a goal to reduce greenhouse gas emissions nationwide by 40 percent by 2030.

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Purchase Congress Tax Credit Commercial 144

Green Car Congress

JANUARY 29, 2009

Buyers of a new 2010 Fusion Hybrid or Mercury Milan Hybrid this year will qualify for a $3,400 tax credit. The credit amount is based on a vehicle’s potential fuel efficiency. Fusion Hybrid travels up to 47 mph in pure electric mode, faster than all other hybrids currently on the road. Ford Hybrid Tax Credit Amounts.

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Tax Credit Fusion Tax 2010 150

The Truth About Cars

JANUARY 11, 2024

The company announced that it would buy tens of thousands of electric vehicles from Polestar, BMW, Chevrolet, Tesla, and others and had aimed to purchase 100,000 Teslas by the end of 2022. Consumer Reports found that EVs are typically less reliable than comparable gas models, which could cause repair costs to pile up over time.

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Fleet Tax Credit Tax Sale 111

Teslarati

OCTOBER 23, 2023

Colorado has voted to approve a new standard on the adoption of electric vehicles (EVs), with an additional goal set for 2032 and new guidance for increasing EV sales beginning in 2027. Notably, the release says that the standard does not prohibit the sale or use of non-electric vehicles with internal combustion engines (ICEs).

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Colorado Sale Tax Credit Tax 111

The Truth About Cars

JANUARY 19, 2024

After facing significant challenges ramping up production and meeting customer demand for the F-150 Lightning, Ford recently announced layoffs that will drastically cut volume at its electric vehicle factory in Michigan. Even with tax credits for some models, many EVs are significantly more expensive than their gas-powered counterparts.

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F-150 Ford Tax Credit Production 105

Baua Electric

MARCH 27, 2024

Credit: Tesla The Inflation Reduction Act (IRA) is a “free electric bank account with your name on it.” It’s packed with rebates and tax credits that will help Americans purchase everything from EVs to solar and electrical appliances to heat pumps. We bought a US-made 2023 Volkswagen ID.4

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Tax Credit Tax Pennsylvania Solar 52

Green Car Congress

JANUARY 9, 2010

billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. It is designed for on-road service trucks to provide a quick charge to stranded battery electric vehicles similar to an “out-of-gas” situation. President Obama announced the award of $2.3

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Tax Credit Obama Tax Clean 210

Green Car Congress

NOVEMBER 18, 2021

For the first time, two electric vehicles with a 500-mile driving range (two variants of the Lucid Air) sit at the top of the guide’s 10 most fuel-efficient vehicles. The top 10 “fuel sippers” among 2022 models in the new guide are all-electric vehicles offering a minimum of 111 miles per gallon-equivalent fuel economy.

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Fuel Economy Economy Fuel Davis 489

The Truth About Cars

MARCH 13, 2024

It was easy to make fun of Dodge and the “fake” exhaust it chose to employ on the new Charger EV, but it’s no longer the only one trying to capture the thrill of a performance gas engine with a silent electric powertrain underneath. That said, GM hasn’t had the smoothest rollout with its other electric models.

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Cadillac Concept Escalade Tax Credit 105

Baua Electric

JANUARY 22, 2024

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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Blink Charging

APRIL 4, 2023

The best time to transition your business vehicle fleet from internal combustion engine (ICE) vehicles to electric vehicles (EV) is now. Thanks to new tax credits for EVs and EV charging stations as well as lower fuel and maintenance costs for EVs, fleet managers can now save money while setting an example for other organizations.

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Fleet Tax Credit Vehicles Tax 92

Green Car Congress

MARCH 8, 2010

A new study from the Harvard Kennedy School’s Belfer Center for Science and International Affairs finds that reducing greenhouse gas emissions from transportation will be a much bigger challenge than many assume, and will require substantially higher fuel prices combined with more stringent regulations. —Morrow et al.

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Tax Credit Tax Emissions Fuel 220

Teslarati

JANUARY 11, 2024

Hertz announced on Thursday in a regulatory filing with the SEC that it has made a “strategic decision” to slash its electric vehicle fleet by 20,000 vehicles. ” Some of the vehicles were listed on Hertz’s website for as little as $17,700 before tax credits could be applied.

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Fleet Tax Credit Tax Purchase 118

The Truth About Cars

FEBRUARY 14, 2024

At the same time, the updated Model 3 is ineligible for federal tax credits, though that could change as Tesla gets its arms around the production of the new car. There are very few electric models anyone could consider affordable, and some are remarkably more expensive than comparable gas models.

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Green Car Reports

JUNE 29, 2019

Who made a new appearance as a pitchman for gas guzzlers? What company says gas and diesel engines will live on for decades—even as it pulled forward plans to build more electric cars? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending June 28, 2018.

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Tax Credit Gas Tax BMW 76

Teslarati

OCTOBER 12, 2023

Tesla just made leasing a Model 3 or Model Y more affordable than ever, offering rates as low as $329 a month for an all-electric vehicle. These prices do not include potential savings from gas and maintenance. The automaker expects the credit to be reduced to $3,750 on December 31 “pending federal guidance.”

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Affordable Tax Credit Tesla Tax 125

EV Life

JUNE 8, 2023

The electric vehicle market has expanded rapidly in the last few years as automakers have introduced a variety of EV models to keep up with demand. These days, all-electric options are available in every type of vehicle, from high-horsepower electric sports cars to stylish electric luxury sedans to torque-heavy electric trucks.

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SUV Tax Credit Market Tax 52

Green Car Congress

MAY 8, 2021

An additional $30 million is now available through New York State’s Drive Clean Rebate program to encourage more consumers to lease or purchase an all-electric car or plug-in hybrid electric vehicle. Eligible vehicles under the Drive Clean Rebate include all-electric cars, plug-in hybrid electric cars, and fuel-cell-electric cars.

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New York New York City Tax Credit Clean 321

EV Life

OCTOBER 15, 2020

The grant will fund the development of a fintech platform to empower EV buyers to save up to $200/month on electric vehicle loans. EV Life, a car site dedicated exclusively to electric vehicles, announced that it was 1 of 28 companies to win a CalSEED grant from the California Energy Commission (CEC).

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Teslarati

MARCH 16, 2023

Rhode Island is offering new incentives to encourage the purchase of electric vehicles with its new DRIVE EV program. It is one of the newer programs in the country, and can be combined with federal incentives to drive further savings on electric vehicles. Supply chain constraints have made getting some new vehicles tough to come by.

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Sustainable Transportation Rhode Island Transportation Tax Credit 91

The Truth About Cars

OCTOBER 27, 2023

The automaker’s earnings fell short of expectations, and it saw continued losses from its electric vehicle business. Ford already noted losses in its EV business, and we’ve seen multiple changes in its pricing and production strategies for the F-150 Lightning, indicating that demand for the electric pickup is fluctuating.

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Ford F-150 Tax Credit Tax 105

The Truth About Cars

JULY 12, 2023

We’ve been hearing about the rise of electric vehicles for years, but while they are growing rapidly in number, there’s still a disconnect between an auto industry hell-bent on electrification and the desires of the people they rely on to buy new cars.

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Dealers Tax Credit Gas-Electric Auto Industry 98

Teslarati

JANUARY 2, 2023

Tesla and electric vehicle supporters are responding negatively to the Inflation Reduction Act’s qualified cars for its EV incentive. However, a number of gas-powered hybrids actually do. Credit: US Department of Energy. Vehicles in the “All Other” category are maxed out at $55,000. . This is messed up.

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Hybrid Tax Credit Tesla Jeep 143

Green Car Congress

OCTOBER 11, 2013

Initial sales of the 2014 Cadillac ELR extended range electric luxury coupe ( earlier post ) will begin in January in all major US metropolitan areas. The 2014 ELR has a starting price of $75,995, including a $995 destination charge but excluding tax, title, license and dealer fees. gasoline-powered electric generator.

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Cadillac Tax Credit Price Sale 353

The Truth About Cars

NOVEMBER 1, 2023

Despite growing in number and popularity, EVs are still too expensive, and most are significantly pricier than comparable gas models. Even with government tax credits and other incentives, electric models are out of reach for many buyers, and the seemingly constant pricing fluctuations aren’t helping.

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Tax Credit Tax Price Chevrolet 105

Teslarati

APRIL 14, 2024

While the press release didn’t disclose how much the department paid for the Model Y units, the most affordable inventory Model Y on Tesla’s website in the Anaheim area is selling for $41,390 before tax credits. The department will hold a media preview day for the Model Y cruisers on Monday, running from 9:00 a.m.

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