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Fixing the Federal EV Tax Credit Flaws: Redesigning the Vehicle Credit Formula

EV Adoption

The Qualified Plug-In Electric Drive Motor Vehicles (IRC 30D) tax credit – commonly referred to as the “Federal EV tax credit” has a number of flaws, but one of the biggest is the poorly-designed formula that determines the amount of the tax credit available for each BEV and PHEV sold in the US.

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What's it gonna take?

Plugs and Cars

Fisker is delivering the Karma, but not without glitches and its DOE loan is being questioned. Gas prices are at historically high levels, and have become a political football, but haven’t led to a surge in EV purchases. That means the cars on offer have to be purchased as quickly as they are produced. Aptera went under.

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US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

Green Car Congress

Fisker Karma EREV. The Obama Administration is proposing a three-part strategy that supports electric vehicle manufacturing and adoption through improvements to tax credits in current law, investments in research and development (R&D), and a new competitive program to encourage communities to invest in electric vehicle infrastructure.

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Nissan Leaf – Taking Reservations

Revenge of the Electric Car

After a federal tax credit and state rebate, the price of these cars will come out at around a cool 20k. Others include the Fisker Karma, the Aptera 2e, the Coda sedan, Chevy’s Volt and Tesla’s Model S. The Leaf’s suggested retail price of $32,780 drops to $25,280 after a $7,500 federal income tax credit.

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3 Scenarios That Would Make An EV Ineligible For the Federal EV Tax Credit

EV Adoption

In my previous article, Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives , I outlined and analyzed 13 proposed changes to IRC 30D (federal EV tax credit). But all of these PHEVs have batteries of around 9 kWh and so they could easily be upgraded to 10 kWh to qualify for the tax credit.

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News: 2023 Fisker Ocean Introduced

Clean Fleet Report

Company CEO and founder Henrik Fisker has had a hand in designing the BMW Z8, the Aston Martin DB9 and the V8 Vantage, and the Fisker Karma. To get your name on the reservation list , you will need to lay out a refundable $250 deposit to get in line to purchase or lease the Ocean. To no one’s surprise, the Ocean looks great.

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