Remove Green Remove Light Remove Tax Remove Tax Credit
article thumbnail

Inflation Reduction Act mandates escalating battery critical mineral requirements to qualify for EV tax credit

Green Car Congress

The Inflation Reduction Act , which the Senate passed last week, revamps the electric vehicle Federal tax credit of $7,500 ( earlier post ). Among the changes are an extension of the tax credit through 2032, the removal of the unit-sales cap of 200,000 per OEM, and a new mandate for qualified cars being assembled in North America.

article thumbnail

Audi Activesphere concept, Toyota EV platform, tax-credit dissent: Today’s Car News

Green Car Reports

And a Senator says the new EV tax credit isn’t being enacted according to the law. This and more, here at Green Car Reports. The green light has reportedly been given to a dedicated Toyota EV platform—like. Audi reveals an electric pickup, of sorts.

article thumbnail

New propaganda video on electric-car tax credits: time to debunk!

Green Car Reports

federal income-tax credit for purchase of an electric car has seen its share of attacks over the years. Now a new video seeks to twist the facts to paint those subsidies in a bad light.

article thumbnail

Colorado’s revamped credit incentivizes smaller, cheaper EVs

Green Car Reports

Colorado has revamped its EV tax credit, with a new approach that incentivizes cheaper EVs. HB 1272, which was passed by the Colorado legislature and signed by governor Jared Polis in May, re-ups a tax credit for light-duty electric vehicles that was originally $5,000.

article thumbnail

Tesla $7,500 credit up front, Toyota affordable EVs, Ram electric vans: Today’s Car News

Baua Electric

And Tesla buyers can now get the $7,500 EV tax credit up front—if they qualify. This and more, here at Green Car Reports. Tesla has started applying the EV tax credit at the time of purchase —via its own website and affecting the up-front amount buyers will need to pay when buying a new Tesla.

article thumbnail

EIA: California home to almost half of US plug-in electric vehicles

Green Car Congress

Several states offer tax incentives to reduce the upfront cost of PEVs to consumers. These incentives are in addition to a federal (nationwide) tax credit, which ranges from $2,500 to $7,500 depending on battery capacity and gross vehicle weight. sales and use tax. Electric vehicles per 1,000 vehicles.

Plug-in 381
article thumbnail

ALTe LLC Approved to Receive an $8.4M MEDC Tax Credit for Electric Powertrain Development, New Facility in Auburn Hills

Green Car Congress

Michigan-based electric powertrain company ALTe LLC ( earlier post ) was approved to receive a tax credit valued at $8.4 ALTe is developing light- and medium-duty series plug-in hybrid electric vehicle powertrain systems—initially as conversions, but ultimately extending to an OEM basis.