CleanTechnica EVs

JUNE 4, 2023

Benchmark Mineral Intelligence is reporting that Tesla and Panasonic are expected to receive about $1.8 billion in Inflation Reduction Act production tax credits this year. That will put the two companies far ahead of the estimated $480 million that General Motors and LG Energy Solution are expected to receive.

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Tax Credit Tax General Motors Tesla 105

Teslarati

MARCH 28, 2024

It appears that South Korean automaker Kia is taking some steps to ensure that its EV9 all-electric SUV will qualify for the full $7,500 federal tax credit in the United States next year. Currently, production of the EV9 is in South Korea, but Kia is looking to start manufacturing the all-electric SUV at its West Point, Georgia plant.

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Tax Credit Kia Tax Georgia 53

Teslarati

AUGUST 7, 2023

Used Teslas will now qualify for the $4,000 tax credit through the Inflation Reduction Act (IRA) that is applicable for electric vehicles (EVs), Plug-In Hybrid Electric Vehicles (PHEVs), and Fuel Cell Electric Vehicles (FCEVs). See IRS’s index of qualified manufacturers and vehicles. The price change was 30.5

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Tax Credit Tax Tesla Purchase 70

Teslarati

AUGUST 17, 2022

Department of Energy’s Alternative Fuels Data (DOE) published a list of electric vehicles that are immediately available for the new $7,500 EV tax credit. Under the new law, only EVs assembled in North America qualify for the credits. Tesla and GM were disqualified since both companies have sold over 200,000 EVs.

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Tax Credit Tax North America PHEV 100

Blink Charging

FEBRUARY 23, 2023

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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Tax Credit Tax Electric Vehicles North America 72

Teslarati

MAY 17, 2024

Last night, Tesla adjusted the price of the Model 3 Performance, increasing it by $1,000. Tesla Model 3 Performance Price Increase Tesla’s price increase of the Model 3 Performance was the second since its launch on April 23. Here’s why. It would be over the $55,000 threshold. I’d love to hear from you!

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Tax Credit Tesla Tax Price 124

EV Adoption

FEBRUARY 23, 2021

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.

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Tax Credit Tax Sale Plug-in 98

Teslarati

MARCH 31, 2023

The IRS has updated its guidance relating to the Inflation Reduction Act’s (IRA) tax credit that applies to electric vehicles, with new rules coming into effect on April 18. The other has to do with the region of manufacturing. ” The percentages are 40 percent in any pack manufactured before January 1, 2024. .”

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Tax Credit Tax North America United States 71

EV Life

OCTOBER 7, 2023

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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Tax Credit Tax Buy Purchase 52

EV Life

APRIL 7, 2023

That’s why it’s no surprise that the high sticker price of many electric vehicles, particularly Tesla models, has long been one of the main deterrents for people looking to buy a new car, truck, or SUV. Which brings us to Tesla. Tesla’s electric vehicles are by far the most popular EVs in the country. Not anymore.

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Tax Credit Tax Tesla Purchase 52

EV Life

MAY 19, 2023

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China.

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Tax Credit Tax Personal F-150 52

Teslarati

JUNE 18, 2024

Tesla is dominating Canada’s iZEV rebate program that rewards drivers for choosing to buy a clean energy vehicle. Tesla is that company, and through the first quarter of this year, the automaker dominated overall claims with 15,636. These are the EVs that still qualify for the $7,500 tax credit in 2024 Meanwhile, the U.S.

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Canada Tesla Tax Credit Minivan 119

Green Car Reports

FEBRUARY 24, 2017

A major contributor to electric-car sales is the program under which buyers of new electric cars qualify for a federal income-tax credit of up to $7,500. But these tax credits are not unlimited.

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Tax Credit Tax Electric Cars GM 104

The Truth About Cars

JUNE 18, 2024

Now, however, General Motors isn’t even in the top ten of the most American-made brands, as the list has been taken over by Tesla and Japanese automakers with domestic production lines. Cars.com’s recent American-Made Index placed the Tesla Model Y as the most American vehicle on sale today.

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Sale Honda Tesla Tax Credit 111

EV Adoption

SEPTEMBER 7, 2021

One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. How the Current Tax Credit Works For EV Buyers.

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Tax Credit Tax Parts Purchase 59

InsideEVs

JUNE 14, 2024

Piling up the tax credit and manufacturer incentives makes the Prologue EV cheaper to lease than the Tesla Model Y.

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Tax Credit Honda Tax Manufacturer 79

Electrek

FEBRUARY 21, 2023

In this case, Tesla’s steep price cuts combined with gaining access to federal tax credits have sent shockwaves through the industry. Let’s take a look at the first price drops from legacy automakers… more… The post Tesla price cuts spur dealer discounts and manufacturer incentives on other EVs appeared first on Electrek.

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Dealers Price Tax Credit Manufacturer 62

Teslarati

SEPTEMBER 17, 2022

Tesla is still planning to build electric vehicle battery cells in Germany at Giga Berlin, and faster than previously projected. Earlier this week, the Wall Street Journal reported Tesla was planning to delay battery cell production outside of the United States as recently-signed tax credit plans benefit domestic battery manufacturing.

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Building Tax Credit Batteries Battery 145

Teslarati

DECEMBER 14, 2023

Tesla Gigafactory Mexico will receive $153 million worth of incentives from Nuevo León as state officials seek to temper concerns about delays in the new factory. Nuevo León’s state economic development council approved Tesla Giga Mexico’s incentives, which include the buildout of basic infrastructure like roads and water treatment.

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Mexico Tesla Tax Credit Nevada 130

The Truth About Cars

APRIL 19, 2023

Not that long ago, there was a time when Tesla vehicles seemed to defy the laws of depreciation, and some actually gained value on the used market. & Tesla cut prices for the base Model 3 by $2,000, bringing it below $40,000, but the Performance model didn’t see a reduction. Image: Tesla] Become a& TTAC insider.

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Tax Credit Tesla Tax Kia 98

Teslarati

MAY 9, 2023

The Inflation Reduction Act (IRA) could have a significant impact on the electric vehicle sector, particularly for Tesla ( NASDAQ:TSLA ). This was according to Morgan Stanley analysts, who noted that investors might be underestimating the potential benefits the legislation could provide to Tesla over the next few years.

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Tax Credit Tesla Nevada Tax 114

InsideEVs

JULY 27, 2023

As a US-based battery manufacturer, Tesla gets a government subsidy for every vehicle sold here.

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Tax Credit Parts Tax Tesla 54

Green Car Congress

MARCH 30, 2023

The first evidence can be seen in consumer interest in the Ford Mustang Mach-E and the Tesla Model Y following the reclassification of both vehicles as SUVs, which made them eligible for a $7,500 federal tax credit under the Inflation Reduction Act. Consumers responded immediately with a 3.4

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Price Power Powered Tax Credit 404

InsideEVs

OCTOBER 12, 2023

The EV manufacturer also anticipates its tax credit to halve come the start of 2024.

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Tax Credit Tax Price Manufacturer 111

Teslarati

FEBRUARY 10, 2023

Tesla Model Y Rear-Wheel-Drive units in China received minimal price increases of less than a percentage point this week. Tesla increased the price of the base Model Y trim level from 259,900 yuan ($38,167.27) to 261,900 ($38,460.97). In early January, Tesla cut prices of the Model 3 sedan and Model Y crossover by between 6 and 13.5

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China Price Tax Credit Tesla 92

Teslarati

JULY 20, 2023

Tesla has added a state electric vehicle incentive tool that will calculate both federal and state incentive amounts for customers interested in knowing how much of a break they may receive for buying one of the company’s vehicles. Maryland and California have adopted this strategy in an effort to achieve sustainability goals.

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Tax Tax Credit Maryland Tesla 69

Baua Electric

JANUARY 31, 2024

This year, Tesla’s cheapest cars, the Model 3 compact sedan, lost tax credits for the purchase of EVs under the Inflation Reduction Act. Tesla, Nevada Economic Development Bureau and CATL did not immediately respond to Reuters requests for comment.

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Supplies Tax Credit Auto Nevada 52

EV Life

JUNE 15, 2023

Despite many legacy brand automakers jumping into the EV space and releasing new electric models, Tesla continues to dominate the electric car market. The Tesla Model 3 and its sport utility cousin, the Model Y, are still the two most popular EVs in the country by a large margin.

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Financing Tax Credit Tesla Tax 52

Teslarati

JANUARY 11, 2024

The filing sheds light on why a fleet of Tesla vehicles have already been listed for sale in a program that Hertz is calling “Rent2Buy.” ” Some of the vehicles were listed on Hertz’s website for as little as $17,700 before tax credits could be applied. ” Hertz inked a $4.2 ” Hertz inked a $4.2

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Fleet Tax Credit Tax Purchase 130

Teslarati

MAY 18, 2021

Tesla ( NASDAQ: TSLA ) bulls are responding to “The Big Short” Michael Burry’s massive bet against the electric automaker’s stock, indicating that their beliefs don’t align with the man who correctly predicted the 2008 collapse of the housing crisis. They will likely get restarted again for Tesla owners.”

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Tax Credit Tesla Tax 2007 138

The Driven EV News

JANUARY 25, 2023

Joe Biden's production tax credits could be worth billions to Tesla as it ramps up battery manufacture to 1,000GWh a year. The post Tesla set to win big with Biden credits as it targets 1,000GWh EV battery capacity appeared first on The Driven.

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Tax Credit Batteries Battery Tesla 65

Teslarati

JANUARY 4, 2023

The Zero Emission Transportation Association (ZETA) appointed ex-Tesla policy head Albert Gore as its new Executive Director. Gore worked at Tesla for approximately 6 years and 11 months, from September 2015 to July 2022. He was Tesla’s Eastern U.S. Gore also has ties to Solar City before its acquisition by Tesla.

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Gore Emissions Tax Credit Tesla 96

Baua Electric

FEBRUARY 1, 2024

A new report states that Tesla is going to build a small new LFP battery cell factory with CATL machines in Nevada. According to a new report from Bloomberg report, Tesla plans to build a “small facility” using “idle equipment” from CATL. The new “small facility” will reportedly build LFP battery cells for Tesla’ Megapacks.

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Building Tax Credit Nevada North America 52

Teslarati

FEBRUARY 9, 2023

New data from Kelley Blue Book shows consideration for Tesla vehicles dropped from 12 to 9 percent in Q4 compared to Q3, but it doesn’t mean all that much, considering the company is selling cars well beyond its manufacturing capabilities. In Q4, Tesla was sitting at 12 percent in Q3, good enough to place it in sixth.

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Tax Credit Tesla Buick Tax 69

InsideEVs

SEPTEMBER 15, 2022

The Wall Street Journal says Tesla is reconsidering its strategy in order to qualify for US EV and battery manufacturing tax credits.

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Tax Credit Batteries Battery Tesla 59

Green Car Congress

SEPTEMBER 5, 2014

On Thursday, Nevada Governor Brian Sandoval and Elon Musk, Chairman and CEO of Tesla Motors, confirmed what had been widely leaked the day before: that Nevada and Tesla had reached an agreement—subject to legislative review and approval—that will result in the state being the site for the Tesla Gigafactory.

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Nevada Tax Credit Tax Tesla 252

Green Car Reports

MARCH 9, 2017

The state of Nevada has been fairly generous to startup electric-car makers that pledge to establish manufacturing operations within its borders. After offering a generous incentive package several years ago, the Silver State landed Tesla's lithium-ion battery "Gigafactory," which is now up and running just outside Reno.

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Nevada Tax Credit Lithium Ion Tax 76