Should a tax on the rich help build EV infrastructure?

Green Car Reports

Californians will vote later this year on whether to tax the wealthy to fund EV incentives and charging infrastructure. Proposition 30 would increase taxes on California residents who make over $2 million a year by 1.75% and direct the state to use that added revenue—estimated at $3.5

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What EV Buyers Need to Know About the $7,500 EV Tax Credit

Clean Fleet Report

One of the most intriguing of these changes for car buyers is a revamped electric vehicle (EV) tax credit. How Much Can You Get from the EV Tax Credit? The new EV tax credit, like the one that preceded it, offers up to $7,500 for electric passenger cars and light trucks.


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Study finds EV buyers want rebates, not tax credits; government could have saved $2B

Green Car Congress

A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. The study also found that whereas time-delayed incentives like federal tax credits favor wealthier buyers, immediate incentives like direct rebates were strongly preferred by used car buyers and buyers with lower incomes.

Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

Green Car Congress

The US Senate has passed the Inflation Reduction Act, with nearly $400 billion in funding over 10 years for climate- and energy-related programs; among the myriad provisions in the 755-page bill are changes to the electric vehicle Federal tax credit of $7,500. Many of our reservation holders are looking forward to the tax advantages of purchasing an electric vehicle.

Lucid: order your Air now before the federal tax credit goes away

Green Car Congress

Among the many provisions of the bill is the revamping of the federal EV tax credit to require, among many other things, an MSRP of less than $55,000 for cars and $80,000 for SUVs and trucks. Once the bill becomes law, the Lucid Air—with an MSRP of $87,400—will no longer qualify for this federal tax credit. On Friday, the House of Representatives passed the Inflation Reduction Act; President Biden is expected to sign it into law this coming week.

Volvo EX90, Tesla power-window pinch, California EV infrastructure tax: Today’s Car News

Green Car Reports

And should we tax the rich to pay for EV infrastructure? This and more, here at Green Car Reports. Californians will get to vote later this year on a ballot measure that would increase taxes on those making over $2 million a year, directing that revenue toward.

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Study: Point-of-sale EV rebates buyers prefer could have saved $2 billion vs. tax credits

Green Car Reports

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. Green Life

CT legislature passes highway usage tax on heavy trucks

Green Car Congress

The Connecticut General Assembly has passed HB 6688 , a bill that imposes a highway use tax (HUT) on every carrier for operating, or causing to be operated, certain heavy, multi-unit motor vehicles (Class 8-13) on any highway (i.e., The bill establishes per-mile tax rates that increase based on vehicle gross weight, ranging from $0.025 per mile for vehicles weighing 26,000-28,000 lbs to $0.175 cents per mile for vehicles weighing more than 80,000 lbs.

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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.

The tax credit is unlikely to return for these EVs and plug-in hybrids

Green Car Reports

With President Biden signing the Inflation Reduction Act on Tuesday, time is nearly up to get your purchase paperwork completed for a new EV or plug-in hybrid and still earn the federal tax credit.

EV tax credit’s twisted timeline, IKEA charging, Nader and Tesla FSD: Today’s Car News

Green Car Reports

Could the EV tax credit reboot break WTO rules? And not even industry insiders can verify the EV tax credit is coming back before the end of the year, so buy now. This and more, here at Green Car Reports. electric vehicle tax. Ralph Nader calls out Tesla Full Self-Driving.

Maryland, Georgia suspend state gasoline and diesel tax

Green Car Congress

On Friday, Maryland Governor Larry Hogan signed emergency bipartisan legislation ( SB1010 / HB1486 ) to suspend immediately the state of Maryland’s gasoline and diesel tax for 30 days. cents per gallon tax for gasoline, and the 36.85 cents per gallon tax for diesel fuel. The governor has submitted a supplemental budget to fund the gas tax suspension, which is expected to cost nearly $100 million.

Could an "electric fuel" tax for EV use help states solve the gas-tax dilemma?

Green Car Reports

The gas tax remains one of the main funding sources for road infrastructure, which has led to cries that electric-car drivers aren't paying their fare share of road maintenance costs. A new bill circulating through the Minnesota legislature calls for an "electric fuel" tax for EVs.

Will EV tax credit price caps add urgency to arrival of affordable models?

Green Car Reports

Price caps included with a proposed revamped federal EV tax credit could put pressure on automakers to produce more affordable electric models, argues a new Bloomberg report.

President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. State gas taxes average another 30 cents per gallon.

Chevy Bolt EV discount, Toyota tax-credit phaseout, EV market collapse: Today’s Car News

Green Car Reports

Toyota likely hit the ceiling for the EV tax credit. This and more, here at Green Car Reports. Retroactive discounts apply to the Chevrolet Bolt EV and EUV. Electric trucks could pull off the majority of fleet uses today at a cost advantage.

DOE: Average annual gasoline taxes paid per vehicle, by state, 2019

Green Car Congress

The Federal tax on gasoline is 18.4 cents per gallon, and each state has a gasoline tax, ranging from 8.95 Since taxes are charged on a per-gallon basis, someone with a more efficient vehicle will pay less in taxes over the course of a year.

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EV tax credit expansion: Automakers ask Congress to revive effort

Green Car Reports

Although an attempted expansion of the federal EV tax credit has failed—multiple times, in recent years—in a renewed effort, automakers are asking Congress to please try again.

Legislators propose $2,500 federal tax credit for used EVs

Green Car Reports

The federal EV tax credit has thus far only been available for new vehicles, but legislation introduced last week in both houses of Congress could change that.

VW ID.4 AWD range, EV tax credit union pushback, “green” hydrogen from methane: Today’s Car News

Green Car Reports

Tesla, Toyota, and Honda are among the automakers pushing back about an EV tax credit that gives a boost to labor unions. This and more, here at Green Car Reports. Volkswagen reveals range ratings for its affordable all-wheel-drive EVs.

EV tax credit extension with $7,500 point-of-sale rebate, $4,000 for used EVs could pass Senate soon

Green Car Reports

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

Report: EV tax credit rules might accelerate Hyundai timeline for US-built EVs

Green Car Reports

New federal EV tax credit rules requiring greater domestic content could accelerate Hyundai's timeline for building electric cars in the United States, according to a recent Reuters report.

Electric company car tax explained

Drive Electric

The UK government slashed electric company car tax, instantly making EVs much more attractive for businesses and employees. Here we take a look at what company car tax is, what’s changed, and how it compares between different types of cars. What is company car tax?

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Biden's proposed gas-tax holiday has a lot of skeptics, from economists to environmentalists

Green Car Reports

President Biden on Wednesday asked Congress for a three-month federal gas-tax holiday. If Congress approves the tax holiday, current federal fuel taxes of 24 cents per gallon for gasoline and 18 cents per gallon for

EV tax credit consequence: Plug-in vehicle lease prices are soaring

Green Car Reports

That’s because versus just a few days ago, a vast swath of EV and PHEV models are no longer eligible for the federal EV tax credit—now known as the Clean Vehicle Credit.

Proposed EV tax credit boost: $12,500 tax credit, for union labor and US-made

Green Car Reports

manufacturing infrastructure and help pivot to electric vehicles and clean energy, one outcome is looking increasingly likely: an expansion of the EV tax credit. As the Biden administration and Congressional Democrats push ahead on coordinated policy to strengthen U.S.

The New Federal Tax Credit for EVs

Green Energy Consumers

Energy policy & advocacy Electric vehicles/Transportation

EV tax credit details, automakers' CAFE credit glut, hybrid thefts: Today’s Car News

Green Car Reports

And will the EV tax credit include that union-made bonus? This and more, here at Green Car Reports. The House version of the Build Back Better Act passed last week includes a tax. Automakers aren’t doing all they can to raise mpg, according to a new EPA report.

Study finds limited evidence that carbon tax rebates have increased public support for carbon pricing

Green Car Congress

In a study published in Nature Climate Change , an international research team reports finding limited evidence that individual or household rebates have increased public support for carbon taxes in Canada and Switzerland. Information was obtained using a five-wave panel survey that tracked public attitudes before, during and after implementation of Canada’s 2019 carbon tax and dividend policy and a large-scale survey of Swiss residents.

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Tesla China: Top gov’t meeting confirms NEV purchase tax exemption extension


Tesla China will likely see its momentum in the domestic EV market accelerate, thanks to the country’s NEV purchase tax exemption being renewed next year. In March 2020, however, China opted to extend the NEV purchase tax exemption program to the end of 2022 instead.

Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit.

Volvo XC40 Recharge EV to start at $53,990 in US before qualifying tax incentives

Green Car Congress

The purchase of an XC40 Recharge may qualify for a federal tax credit of up to $7,500. The Volvo XC40 Recharge, the company’s first fully electric vehicle, will carry an MSRP of $53,990 when it arrives in US showrooms later this year.

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California reduces tax on dimethyl ether (DME) fuel to be consistent with other alternative fuels; enabling retail sales

Green Car Congress

The California state legislature passed and the Governor signed into law a bill ( AB-2663 ) that lowers the Use Fuel Tax rate of dimethyl ether (DME) from $0.18 per gallon of DME-propane fuel blend used on or after 1 July 2021 (the same tax rate as propane, $0.06

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Senate tax plan leaves electric-car purchase credit in place

Green Car Reports

income-tax credit for purchase of an electric car took a new turn on Thursday. HR1, the draft Tax Cut and Jobs Act introduced in the House of Representatives, would end the credit as of December 31. Senate version of the tax-reform bill introduced late Thursday, however, retains the credit. Politics senate tax credit taxes plug-in carsThe battle over early termination of the U.S.

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$12,500 EV tax credit, union-built bonus included in plan Biden claims can pass Congress

Green Car Reports

A maximum $12,500 federal EV tax credit, including a bonus for union-made vehicles, appears to have survived the negotiation process and is now a likely part of the infrastructure bill.

EU claims revamped US EV tax credit might violate WTO rules

Green Car Reports

The European Union claims a proposed revamp to the United States EV tax credit aimed at prioritizing American-made content could discriminate against European manufacturers and break World Trade Organization (WTO) rules, the Associated Press reported Thursday.

EV tax credit goes point-of-sale, utility-meter home charging, Florida infrastructure: Today’s Car News

Green Car Reports

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.

Senate votes to place a $40,000 price cap on EV tax credit

Green Car Reports

Earlier this week the Senate voted to place price and household-income caps on the federal EV tax credit, as part of the $3.5 would eliminate tax credits for vehicles costing more than $40,000, and for households with more than

EV tax credit union boost, Hyundai Tucson PHEV pricing, BMW EV range: Today’s Car News

Green Car Reports

And controversy swirls over a boost being given to unions as part of the EV tax credit. This and more, here at Green Car Reports. A revamped version of the federal EV tax credit, lifting the. The Hyundai Tucson Plug-In Hybrid beats the RAV4 Prime on affordability.

Oregon To Test Nation's First Per-Mile Road Fee In Lieu Of Gas Taxes

Green Car Reports

That''s because road maintenance is heavily reliant on revenue from gas taxes, and that revenue is shrinking as cars use less fuel--and those that run on grid electricity use none. Green Gas Tax Infrastructure Oregon plug-in cars state laws taxes As cars get more efficient, their owners spend less money on fuel. That''s good for their wallets and for the environment, but not so good for the nation''s infrastructure.

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GM EVs at Hertz, Sorento Hybrid price hike, taxing the wealthy for EV infrastructure: The Week in Reverse

Green Car Reports

This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending September 23, 2022. Why did Tesla issue a safety recall for more than a million vehicles this week? What is Volvo calling the fully electric counterpoint to its XC90 SUV?

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Union-made bonus for EV tax credit proposal is gone, Manchin confirms

Green Car Reports

Democratic senator Joe Manchin on Tuesday said a proposed $4,500 EV tax-credit bonus for union-made vehicles is now gone from the Senate's version of the Build Back Better Act, according to Automotive News (subscription required).

EV tax credit shortlist, Polestar 6 roadster, iPhone maker's electric tractors: Today’s Car News

Green Car Reports

And it’s the end of the EV tax credit as we know it. This and more, here at Green Car Reports. Polestar confirms what looks a lot like a rival to the Tesla Roadster 2.0. Foxconn plans to build electric tractors alongside the Lordstown Endurance.