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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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Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

Green Car Congress

It also finds that, while relying on subsidies for electric or hybrid vehicles is politically attractive, it is an extremely expensive and ineffective way to significantly reduce greenhouse gas emissions in the near term. Purchase tax credits are an expensive way to reduce oil consumption and GHG emissions from transportation.

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2017 Chrysler Pacifica Hybrid PHEV minivan EPA-rated at 84 MPGe in electric-only mode; role of eFlite dual-motor/one-way clutch strategy

Green Car Congress

Exceeding its initial program targets, the plug-in 2017 Chrysler Pacifica Hybrid ( earlier post ) has earned an electric-mode fuel economy rating of 84 miles-per-gallon-equivalent (MPGe) from the US Environmental Protection Agency (EPA). A large share of credit goes to the vehicle’s eFlite dual-motor electrically variable transmission (EVT).

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Hyundai lowers entry price, bumps all-electric range on new 2018 Sonata Plug-In Hybrid

Green Car Congress

Hyundai has lowered the price and slightly increased the all-electric range of the refreshed 2018 Hyundai Sonata Plug-In Hybrid (PHEV). The new PHEV model adopts the same distinctive design of the recently released Sonata gasoline and Hybrid models while delivering 28 miles (45 km) of all-electric range (vs. Second row USB port.

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The Best Electric SUVs on the Market

EV Life

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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Tesla is the most preferable brand for prospective EV buyers

Teslarati

A new survey shows that prospective electric vehicle buyers are considering Tesla over any other brand as more buyers consider electrified options due to soaring gas prices. per gallon of normal retail gasoline in 2019. Toyota is set to be the next automaker to be disqualified from offering the $7,500 electric vehicle tax credit.

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Mercedes-Benz B-Class Electric Drive priced at $41,450 for US; 85-mile range

Green Car Congress

The MY14 B-Class Electric Drive. The Mercedes-Benz MY14 B-Class Electric Drive ( earlier post )—the first electric offering for the brand in the United States—is priced at $41,450, excluding $925 destination and delivery. Mercedes-Benz has collaborated with Telsa Motors to develop the electric B-Class.

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