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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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DOE publishes list of EVs eligible for new tax credit

Teslarati

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. GMC Hummer SUV. Mercedes EQS. Nissan Leaf. Chevrolet Bolt EUV.

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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. General Motors, Kia, Mazda, Mercedes-Benz, Proterra, and Subaru were also on the list. 4 AWD as SUVs. 4 AWD Pro S.

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Here are the only Tesla vehicles that now have access to the $7,500 EV incentive

Baua Electric

Over the last few months, Tesla has released a bunch of new statements about changes to the eligibility of its electric vehicles to the federal tax credit in 2024. We are still calling it a “tax credit”, but it is effectively a point-of-sale incentive starting today.

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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. In the US, the Fisker Ocean starts at $37,499 in the base Sport.

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2017 Chrysler Pacifica Hybrid PHEV minivan EPA-rated at 84 MPGe in electric-only mode; role of eFlite dual-motor/one-way clutch strategy

Green Car Congress

As examples of SUV/MPV-style electric vehicle fuel efficiency, the 2016 Tesla Model X AWD - 75D is EPA-rated at 93 MPGe combined city/highway; the Model X AWD - P90D is EPA-rated at 89 MPGe; and the 2016 BYD e6 compact MPV is EPA-rated at 72 MPGe. US 9193252 B2: Two motor electric drive hybrid transmission. Click to enlarge.

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News: 2023 Genesis Electrified GV70 AWD

Clean Fleet Report

Is an EV Genesis, the luxury division of Hyundai Motor Group, began this past week producing its first model in the United States at the sprawling HMG factory in Montgomery, Alabama. Both GV70s share a platform that was specifically designed for a gasoline engine and electric motors. kWh lithium-ion battery.

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