article thumbnail

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.

article thumbnail

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.

Nissan 160
article thumbnail

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.

article thumbnail

News: 2023 Fisker Ocean Introduced

Clean Fleet Report

It will have the ability to directly recharge other electric vehicles, send power back into the grid, and act as a backup power source for a home. 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. The Fisker Ocean is also a power source.

Fisker 75
article thumbnail

Are You Plugged In?

Revenge of the Electric Car

Plug-in hybrids differ from hybrids on the road today in that they can go longer distances on battery power and can be recharged via electrical outlets. All will qualify for a $7,500 federal tax credit. The president is hoping to use incentives to get one million plug-in hybrid vehicles to consumers by 2015. Bright Automotive.

Plug-in 140