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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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What EV Drivers Should Know About Leasing an EV This Year

Blink Charging

Electric vehicle (EV) adoption is increasing. Cox Automotive forecasts a notable surge in electric vehicle adoption, projecting a rise from 7.6% Seize the opportunity to explore, test, drive, and consider an electric vehicle for your next ride as manufacturers expand their product lines to meet growing consumer demand.

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Tips for purchasing a new EV amid a vehicle shortage

Plug in America

With record-setting gasoline prices across the nation, a record number of drivers are considering EVs. Searches for new plug-in hybrid and all-electric vehicles are at record levels, increasing exponentially since energy prices soared in March 2022. Global supply chain challenges continue to limit the production of new vehicles.

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Congressional Budget Office estimates US federal policies promoting EVs and other fuel-efficient vehicles will cost $7.5B through 2019; little or no impact on gasoline use and GHG in the short term

Green Car Congress

Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. The electric vehicles that are the focus of this study fall into two broad classes: plug-in hybrid electric vehicles and battery-electric vehicles.

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Boost Your Savings: Best US States for Electric Vehicle Incentives

Setec Powerr

Electric vehicles are becoming increasingly popular as people seek eco-friendly alternatives to traditional gasoline-powered cars. Many states in the US offer various incentives to encourage the adoption of electric vehicles, making it more affordable for consumers to make the switch.

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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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Why Fleet Owners Are Electrifying Their Vehicles This Year

Blink Charging

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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