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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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Ford prices C-MAX Energi plug-in hybrid at $29,995 after federal tax credit; expects conquest rate of about 50%

Green Car Congress

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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2023 was a tremendous year for both EVs and Plug In America!

Plug in America

in a year First NEVI charging stations up and running Gasoline sales have passed their peak It’s been a busy year here on the policy team. Clean Vehicle Tax Credits Clean vehicle tax credits kicked into high gear in 2023. Over a million EVs sold in the U.S.

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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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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.

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CMU study finds small battery PHEVs and gasoline hybrids the least-cost policy solution to reducing gasoline consumption

Green Car Congress

The federal subsidy significantly favors larger battery packs to a stronger degree than their potential for additional gasoline savings. air emissions and oil displacement benefits) in the near term per dollar spent than PHEVs and battery-electric vehicles (BEVs) with large battery packs providing longer electric range. (A

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Ford C-MAX Energi plug-in hybrid heading to select US showrooms

Green Car Congress

Overview of the C-MAX Energi plug-in hybrid. Ford began production of the 2013 C-MAX Energi plug-in hybrid vehicle ( earlier post ) at Michigan Assembly in October, and the vehicles are heading for showrooms. Starting MSRP is $29,995 (after a federal tax credit). Click to enlarge. Earlier post.). Earlier post.).

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