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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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Iowa Legislature passes biofuel bill; butanol blends, E-15 and biodiesel tax credits extended

Green Car Congress

Both houses of the Iowa Legislature have passed a bill ( SF2344 ) providing for biobutanol-blended gasoline; modifying the rate of the E-15 plus gasoline promotion tax credit; and extending provisions for a biodiesel production refund.

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Senators introduce bill to expand E15 sales, ban Russian petroleum products

Green Car Congress

This legislation would make the sale of E15 year-round permanent; create a tax credit for higher biofuel blends; streamline E15 labeling; provide funding for E15 infrastructure; extend the biodiesel tax credit for three more years; and ban imports of Russian petroleum products.

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Conservative poll says Americans resent electric-car tax credits

Green Car Reports

Results of a study released Tuesday by the American Energy Alliance found that most voters object to tax credits for electric cars. Two-thirds said they are better for the environment than than gasoline powered cars, and 50 percent (a plurality) named that.

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

Green Car Congress

Its eligibility for a $3,750 federal tax credit drops that to $29,995. Both Prius Plug-in models qualify for a federal tax credit of $2,500. C-MAX Energi also is expected to qualify for additional tax credits up to $1,500 in California. The base MSRP for the Prius Plug-in Hybrid is $32,000.

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Ansys releases pre-lockdown global survey on vehicle electrification

Green Car Congress

Conversely, 39% of respondents would only buy an EV if gasoline-powered vehicles were no longer available. US respondents are most likely to buy an EV if the government offers a federal/state tax credit. US respondents are split when it comes to when they’ll consider purchasing an EV.