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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. First, the easy part: How do I claim the $7,500 EV tax credit?

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EVs dominate list of efficient cars in ORNL 2022 Fuel Economy Guide

Green Car Congress

The site provides consumers with information to help guide buying decisions for all types of vehicles, including current EV federal tax credits, as well as operation and maintenance tips to save drivers money. Consumers can personalize estimates for their annual miles and local fuel prices, for example.

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The Best Electric SUVs on the Market

EV Life

The Model Y qualifies for the full $7,500 federal EV tax credit. At the moment, the Mach-E only qualifies for half of the federal EV tax credit, providing eligible drivers a credit of up to $3,750. The Chevy Bolt EUV also qualifies for the full $7,500 federal EV tax credit. The other upside?

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Nonprofits Fueling the EV Industry

Clean Fleet Report

Inflation Reduction Act passed in August 2022 contains several points concerning EVs, including: Tax credits: Until 2032, buyers can receive a $7,500 tax credit on a list of approved American-made EVs. Used cars, commercial EVs and charging station equipment are also officially eligible for the credit.

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News: 2023 Chevrolet Bolt EV/EUV Get Big Price Drop

Clean Fleet Report

The intention is to make the company’s two electric car offerings more attractive to consumers, especially those that are looking for an affordable alternative to a gasoline-powered car. Personal: Farewell to My Chevrolet Bolt EV. Chevrolet announced this week that its 2023 Bolt EV and Bolt EUV are going to get major drops in price.

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PHEVs Are A Great Solution For Many — But PHEV Incentives Need Fixing

EV Adoption

PHEVs use gasoline: PHEVs still have a gas engine which is “bad and evil” as they run on fossil fuels. While pure electric (BEV) powertrains are clearly the future of personal transportation vehicles, in the near term PHEVs are actually the ideal solution for many people. California Clean Vehicle Rebate program.

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How EV Charging Boosts Your Workplace Benefits Package

Blink Charging

Nearly two in five” said they had turned down a job or assignment that did not match their personal ethics. EV drivers can save thousands of dollars on fuel and maintenance costs and now qualify for a $4000 used EV tax credit or a $7500 new EV tax credit. were between 10 to 25 miles.