Green Car Reports

JULY 12, 2022

Purchase incentives are an important tool for increasing EV adoption, but the current federal tax credit may not be the most effective, according to a new George Washington University study.

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Tax Credit Tax Sale Washington 191

Green Car Reports

JANUARY 25, 2024

4 electric crossovers on sale now are eligible for the full $7,500 federal EV tax credit, VW confirmed Wednesday in a press release. "Most" 2023 and 2024 Volkswagen ID.4 It achieved that.

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Tax Credit Tax Supplies Sale 165

Green Energy Consumers

APRIL 26, 2024

As spring 2024 unfolds, we have some good news: more vehicle models are now eligible for the federal tax credit than when the list changed on January 1. Department of Energy recently released a new list of EVs that receive between $3,750 and $7,500 in federal tax credit.

Tax Credit 83

Tax Credit Tax Electric Vehicles Vehicles 83

Green Car Reports

JULY 29, 2022

And a re-upped EV tax credit could give an immediate boost to GM and Tesla. This and more, here at Green Car Reports. The EV tax credit expansion is back, and it’s once again a possibility. Siemens aims to manufacture a workaround for EV-charger home electrical-panel upgrades. Under a Senate.

Tax Credit 161

Tax Credit Florida Tax Re-Charge 161

Green Car Congress

AUGUST 9, 2022

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.

Tax Credit 334

Tax Credit Tax Convert Batteries 334

Green Car Reports

JANUARY 4, 2023

The 2023 Chevrolet Bolt EV once again qualifies for the federal EV tax credit, but now it's also getting a small price increase. General Motors lost eligibility for the $7,500 credit when it reached the 200,000-unit sales cap that was previously in place.

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Tax Credit Tax Price General Motors 164

Green Car Reports

JULY 29, 2022

Congress appears close to passing a long-awaited extension—and expansion—of the federal EV tax credit. If passed.

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Tax Credit Tax Congress Sale 191

Green Car Congress

APRIL 11, 2019

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits.

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Tax Credit Tax Hydrogen Congress 304

EV Adoption

FEBRUARY 23, 2021

On February 5, Mike Thompson , Chairman of the House Ways and Means Subcommittee on Select Revenue Measures announced the introduction of the Growing Renewable Energy and Efficiency Now (GREEN) Act (PDF). The credit is capped at the lesser of $2,500 credit or 30% of the sale price. Chart Source: EV Volumes.

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Tax Credit Tax Sale Plug-in 98

Green Car Reports

AUGUST 5, 2019

After Canada introduced a nationwide $5,000 tax credit for electric cars, sales shot up by 30 percent, the country's Transport Ministry announced on Thursday.

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Tax Credit Tax Sale Canada 145

Green Car Reports

JULY 2, 2022

It appears that sales of Toyota’s plug-in models in recent months were enough to trigger the automaker’s phaseout period for the federal EV tax credit this past quarter—leaving buyers less than nine months to buy a vehicle like the BZ4X electric car or RAV4 Prime plug-in hybrid and be able to claim the full $7,500 amount.

Tax Credit 170

Tax Credit Plug-in Tax Plug 170

Green Car Reports

JANUARY 31, 2024

EV sales will reach 8.0% The market share of EVs won't increase dramatically over the previous month, as automakers, dealers, and consumers digest new federal tax credit rules brought on by the Inflation Reduction Act (IRA) that went into effect with the start. of the total U.S.

Tax Credit 185

Tax Credit Market Sale Vehicles 185

Green Car Congress

MARCH 10, 2022

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.

Tax Credit 333

Tax Credit Iowa Sale Production 333

Baua Electric

APRIL 22, 2024

Both are eligible for the $7,500 EV tax credit, cutting the effective price for many households to just $37,130 and $42,130 respectively. The Model 3 also doesn’t qualify for the EV tax credit. In addition, the base Model Y RWD now undercuts the base Model 3 by $5,000 for the tax-credit-eligible.

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Tax Credit Tax Price Tesla 52

Green Car Reports

MARCH 28, 2022

That’s because both brands are getting quite close to a sales barrier that will no longer allow buyers to claim the full $7,500 federal EV tax credit—which could make quite a difference for those considering a Toyota bZ4X or Nissan Ariya.

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Tax Credit Affordable Tax Nissan 148

Green Car Reports

JULY 9, 2022

Which automaker beat Tesla so far this year in EV sales, according to some reports this past week? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending July 8, 2022. Which company confirmed that it has 1,000 battery swapping stations?

Tax Credit 197

Tax Credit Toyota Tax Batteries 197

Green Car Reports

FEBRUARY 26, 2018

sales of electric cars that qualify for the full federal tax credit of $7,500? That number is 200,000; after the rest of that calendar quarter and the one following, the credit is halved for a further two quarters. It's been a topic of discussion for years: What will happen when a carmaker reaches the cap on U.S.

Tax Credit 129

Tax Credit Tax Sale Electric Cars 129

Green Car Reports

MARCH 8, 2023

Mercedes-Benz will soon have three fully electric SUVs for sale in the U.S., including the smaller EQB and larger EQS SUV models already on sale. On Wednesday, it released prices for the middle model, the 2023 Mercedes EQE SUV. The EQE SUV has all the makings of a made-in-America EV.

Tax Credit 171

Tax Credit Mercedes SUV Alabama 171

Green Car Congress

APRIL 25, 2014

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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Tax Credit Iowa Tax Gasoline 225

Green Car Reports

NOVEMBER 4, 2019

House leadership Wednesday to show support for reforming clean energy tax policies. One key element of the plan is an expansion of the federal EV tax credit Proponents of reform are calling for an increase in the existing cap of 200,000 eligible sales per manufacturer to 600,000, with a.

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Tax Credit Tax Clean Cleaning 114

Green Car Reports

FEBRUARY 24, 2017

A major contributor to electric-car sales is the program under which buyers of new electric cars qualify for a federal income-tax credit of up to $7,500. But these tax credits are not unlimited.

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Tax Credit Tax Electric Cars GM 128

Green Car Reports

JANUARY 13, 2022

And the Nissan Leaf and Ariya will coexist in the lineup—but for how long if the EV tax credit isn’t re-upped? This and more, here at Green Car Reports. Prices on used Tesla vehicles have soared over the past year. VW is still trailing Tesla on EV deliveries.

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Tax Credit Price Tesla Tax 206

Green Car Reports

FEBRUARY 22, 2018

market without the $7,500 federal tax credit for their purchases of plug-in vehicles. While the tax credit ended up surviving the massive tax-cut bill passed in December, some automakers are still about to face the end of the incentive. Toward the end of last year, electric-car shoppers began to think about a U.S.

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Tax Credit Tax Electric Cars Sale 100

Green Car Reports

APRIL 17, 2024

Legacy automakers are still losing thousands of dollars on many EV sales, according to newly published analysis from the Boston Consulting Group.

Boston Consulting Group 170

Boston Consulting Group Tax Credit Boston Tax 170

Green Car Reports

MARCH 8, 2023

Mercedes-Benz will soon have three fully electric SUVs for sale in the U.S., including the smaller EQB and larger EQS SUV models already on sale. On Wednesday, it released prices for the middle model, the 2023 Mercedes EQE SUV. The EQE SUV has all the makings of a made-in-America EV.

Tax Credit 147

Tax Credit Mercedes SUV Alabama 147

Green Car Reports

FEBRUARY 24, 2017

Today, we have spy shots of the 2018 BMW i3 electric car, estimations of which automakers will lose their electric-car tax credits first, and an argument for liquid hydrogen as a replacement for jet fuel in airplanes. All this and more on Green Car Reports.

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Tax Credit Tax 2018 BMW 110

Green Car Reports

FEBRUARY 1, 2018

Today, we've got bad news from our capitol (again), an electric Harley Davidson on the way, an explanation of which carmakers may lose income-tax credits for electric-car sales, and a January plug-in car sales report. All this and more on Green Car Reports.

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Tax Credit Tax Plug-in Plug 83

Green Car Reports

JANUARY 29, 2018

Several years ago, Georgia offered a generous state-tax credit for purchase of a zero-emission vehicle, and its sales of electric cars boomed.

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Tax Credit Georgia Tax Electric Cars 125

Green Car Congress

MARCH 13, 2012

AMP Electric Vehicles has been qualified by the IRS for the Federal Plug-in Electric Drive Motor Vehicle Credit of $7,500, which applies to retail and fleet buyers. Some states offer additional sales tax exemptions and zero emission tax credits of up to $5,000 that can also be applied to the purchase.

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Tax Credit Tax Jeep SUV 218

Green Car Reports

OCTOBER 9, 2023

The EV tax credit shifts toward a point-of-sale rebate. This and more, here at Green Car Reports. Rivian gets more efficiency from a larger battery pack. And do you want a car that offers all-wheel drive and about 50 mpg, for a price under $30,000? The battery pack in.

Tax Credit 126

Tax Credit Toyota Hybrid MPG 126

Green Car Reports

JANUARY 8, 2019

For a bunch of electric-car owning acolytes, our readers are surprisingly sanguine about the reduction and eventual expiration of plug-in tax credits on electric-car sales. We've reported extensively on the expiring tax credits, which will affect models from Tesla and GM in 2019.

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Tax Credit Tax Plug-in GM 72

Green Car Reports

DECEMBER 3, 2014

Today we''ve got reports on the growth of workplace electric-car charging, impeding expiration of the Federal hydrogen fuel-cell vehicle tax credit, and a new hybrid powertrain that sues exhaust gases to generate electricity. All this and more on Green Car Reports.

Tax Credit 136

Tax Credit Exhaust Tax Hydrogen 136

Green Car Congress

SEPTEMBER 6, 2023

4 will be released closer to its on-sale date in early 2024. 4 models are eligible for the full potential Federal Tax Credit of up to $7,500. Pricing for the 2024 ID.4 The 2023 ID.4

Tax Credit 284

Tax Credit Power Powered Tennessee 284

The Truth About Cars

JANUARY 11, 2024

Companies often tout their green initiatives as a way to drum up new business, but the expensive reality of investing in EVs and other technologies isn’t always clear up front. While that splashy announcement likely netted the company new customers, it now has hundreds of EVs on sale as it moves to scale back its fleet.

Fleet 111

Fleet Tax Credit Tax Sale 111

Green Car Reports

APRIL 8, 2023

Which models will be eligible for the full $7,500 of the revamped EV tax credit? Are recent rounds of Tesla price cuts spurring stronger EV sales? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending April 7, 2023.

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Tax Credit Price Prius Tax 131

Green Car Reports

JUNE 4, 2018

Last week, we reported that Tesla is close to reaching the end of its allocation of federal tax credits for those who buy its cars. The credits amount to a $7,500 discount for most buyers. The credits were passed after the 2007 federal Energy Independence and Security Act to promote the sale of electric cars.

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Tax Credit Tax Buy Electric Cars 103

Green Car Reports

DECEMBER 19, 2017

The tax reform bill likely to be voted on by the U.S. Senate and House of Representatives retained a number of provisions originally slated to be cut from the tax code. Among them was the federal income-tax credit for purchase of a plug-in electric vehicle.

Tax Credit 114

Tax Credit Tax General Motors Electric Cars 114