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How Do the Electric Vehicle Tax Credits Work?

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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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Ansys releases pre-lockdown global survey on vehicle electrification

Green Car Congress

US respondents are split when it comes to when they’ll consider purchasing an EV. Conversely, 39% of respondents would only buy an EV if gasoline-powered vehicles were no longer available. Americans cite too few charging points and too high upfront cost as the leading barriers to buying an electric vehicle.

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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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Ford Focus Electric in California qualifies for $10K in tax credits, HOV access

Green Car Congress

California buyers of the Ford Focus Electric will be able to receive up to $10,000 in tax credits ($2,500 state, $7,500 federal) and enjoy high-occupancy vehicle lane (HOV) access after the car was just approved for California’s Clean Vehicle Rebate Program ( CVRP ). 3 and 7, respectively, for the worst congestion in the US.

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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.

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Hyundai delivers first 2019 NEXO fuel cell SUV to US customer

Green Car Congress

Hochrad purchased his first hybrid car more than 15 years ago, and over the years has driven dedicated electric vehicles as well. His new NEXO will deliver about five times the driving range of his first all-electric car. The NEXO Limited Trim has an estimated range of 354 miles.

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What EV Drivers Should Know About Leasing an EV This Year

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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.