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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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Magna mulls US plant – could Fisker Ocean and Jaguar I-Pace soon qualify for federal tax credits?

Electrek

Magna Steyr – an Austrian-based contract manufacturer owned by Magna International – recently shared aspirations to enter the US market and produce vehicles in a climate-friendly facility in North America. Based on revised terms for US federal tax credits, could a move by Magna happen?

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Tesla, VW and several other EVs that qualify for the new 2023 US EV tax credit

Teslarati

EV tax credit. The Internal Revenue Service (IRS) announced the vehicles that qualify for the 2023 EV tax credit. federal tax credit includes EVs made by fourteen manufacturers. The post Tesla, VW and several other EVs that qualify for the new 2023 US EV tax credit appeared first on TESLARATI.

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Which EVs Still Qualify for Federal Tax Credits?

The Truth About Cars

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. Alternatively, the batteries can be produced from materials recycled in North America. has a free-trade agreement.

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S&P Global: US faces new challenges meeting increased demand for critical minerals spurred by IRA

Green Car Congress

Source: Inflation Reduction Act: Impact on North America Metals and Minerals Market Demand for copper will be 12% higher by 2035 than pre-IRA projections. Copper is not currently listed as a critical mineral in the United States and does not qualify for IRA tax credits.

Global 370
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Tesla launches limited-time 0.99% APR loan rate on U.S. Model Y orders

Teslarati

Credit: Tesla The recently launched base-level Model Y Long Range RWD currently starts at $44,990 before federal and local tax credits, while the Long Range AWD and the Performance trims start at $47,990 and $51,490, respectively. Tesla’s Model Y comprised over a third of all Q1 EV sales in the U.S. What are your thoughts?

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Motiv Power Systems introduces new medium-duty electric truck Argo

Green Car Congress

million miles with fleets across North America, gaining experience transitioning fleets, refining truck capabilities, and delivering high-quality performance. Argo vehicles will be manufactured in the US and are eligible for the IRA tax credit and as well as select incentives programs.

Power 370