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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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China is Unhappy with the Inflation Reduction Act and Has Complained to the WTO

The Truth About Cars

Among many other things, the Inflation Reduction Act changed the way EV tax credits work in the United States. Legal experts say this case might not be so airtight for China, noting that the U.S. Now, China is expressing its unhappiness with the legislation by raising a dispute with the World Trade Organization.

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Rural EV charging incentivized in much of the US with Biden guidance

Baua Electric

The Biden administration will use a broad legal interpretation to provide tax credits to EV charging projects in a large swath of the country. The Treasury Department on Friday released additional guidance providing more specific information on what projects will qualify for the revived 30C tax credit. population.

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Tesla investors post questions for TSLA Q3 2023 earnings call

Teslarati

Tesla Model 3 and Y now cost approximately the same as an average non-luxury car ($31.9k) and non-luxury SUV ($35.7k) after tax credit in the US despite better features. Why does Tesla repeatedly choose price cuts over other cheaper strategies to grow volumes, such as educational ads?

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Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

Green Car Congress

The US Senate has passed the Inflation Reduction Act, with nearly $400 billion in funding over 10 years for climate- and energy-related programs; among the myriad provisions in the 755-page bill are changes to the electric vehicle Federal tax credit of $7,500. At that time, this order process will close.

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More bad buzz for Chevy Blazer EV: software glitches, doors that fly open

Baua Electric

It has been touted as the latest vehicle to shake up the industry, giving consumers an American-branded vehicle with a decent range and high-performance specs at a moderate price. Also, the Chevy Blazer does not qualify for 2024 federal tax credits, which will surely dampen sales as well.

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Federal Task Force Concludes CCS is Viable, But Carbon Price Is Critical; Sends Recommendations to President Obama on Fostering the Technology

Green Car Congress

The report concludes that while CCS can play an important role in domestic greenhouse gas (GHG) emissions reductions thereby preserving the option of using coal and other abundant domestic fossil energy resources, it faces a key barrier in the lack of a price on carbon.

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