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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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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

Green Car Congress

The bipolar structure simplifies internal battery connections to reduce internal resistance and improve round-trip efficiency. Domestic production better positions Eos to access the 45X advanced manufacturing direct pay tax credits available under the IRA.

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‘Discriminatory’ EV tax credit could bring Mexico-imposed tariffs

Teslarati

The $12,500 electric vehicle tax credit proposed in President Joe Biden’s “Build Back Better” plan is being labeled as “discriminatory” by Mexican Economy Minister Tatiana Clouthier, who said the country is analyzing legal recourse and other actions, including potential tariffs against the United States.

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First Drive: 2016 Hyundai Sonata PHEV and HEV

Green Car Congress

Sonata Plug-in Hybrid buyers will be eligible for a $2,500 fixed federal tax credit and a variable federal tax credit based on battery capacity that will also be over $2,000. Sonata PHEV is expected to deliver 93 MPGe combined in EV mode based on internal estimates. l/100 km) combined based on internal testing.

PHEV 150
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Bring on the EV Trucks

Revenge of the Electric Car

The more the merrier, the market for these is going to explode soon with Obama’s stimulation plan, and its tax of $7,500 to $15,000 for electric trucks. Electric Vehicles International isn’t new. Many of the companies that have fleets of trucks have buildings that are perfect for solar. Sounds good to me. Trucks especially.

Chicago 124
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EPA Administrator broadly outlines Trump Administration thinking on fuel economy standards and California

Green Car Congress

It’s one thing for the American public to directly subsidize electric vehicles through tax incentives. Of the roughly 57,000 households that received the EV tax credit in 2016, nearly 80 percent had at least a six-figure income. —Andrew Wheeler.

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California environmental lawyer forecasts the future of state and federal emissions regulations

Charged EVs

And then, each carmaker has a different portfolio, so Ford, which still has tons of room on its EV tax credits, is in a different position than GM, which is why GM did not sign on to [the 2019 California deal] but then later did. That has been probably the biggest hurdle—not the biggest engineering hurdle, but the biggest legal hurdle.