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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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81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China.

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How to Take Advantage of EV Charging Incentives for Fleets

Blink Charging

You can find incentives such as: Tax credits – These incentives lessen the amount of taxes that must be paid to the government for specific purchases. The Internal Revenue Service administers this commercial EV tax credit. Rebates – Incentives that return cash to you if you purchase a specified item.

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Cadillac boosts performance of ELR plug-in hybrid for MY2016, cuts MSRP by $9K; $58,495 net after Fed credits

Green Car Congress

Cadillac has greatly enhanced the performance of its ELR extended range electric vehicle (plug-in hybrid) ( earlier post ) for the 2016 model year, and is also cutting the MSRP by $9,005, bringing the starting price down to $58,495 net after the $7,500 US federal tax credit (MSRP = $65,995). Adaptive cruise control is available.

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Where to Start with EV Charging for Convenience Stores & Truck Stops

Blink Charging

Which type of chargers you decide to install will depend on your location, the surrounding amenities, available power, budget, and any necessary guidelines you need to follow to procure funding. Especially if there are no public EV chargers nearby, you may opt for Level 2 chargers that are compatible with all plug-in EVs.

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Roadmapping Your Airport EV Charging Installation

Blink Charging

Site assessment View Blink’s EV Site Assessment Guidelines The second step is to conduct a site assessment with your EV expert and/or electrical contractor to determine your needs and the best course of action to take while keeping costs as low as possible. However, there are funding options available to help alleviate these costs.

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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?