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How Do the Used and Commercial Clean Vehicle Tax Credits Work?

Blink Charging

Usually when discussing federal electric vehicle tax credits in the United States , most people are referring to the Clean Vehicle Credit (formerly the Qualified Plug-in Electric Drive Motor Vehicle Credit) for new EVs. But that’s not the only federal tax credit for buying an EV.

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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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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

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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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates

EV Life

Buying a new car is one of the most significant purchases you’ll likely make in your life, so you want to make sure you’re getting the best deal available. The code references a number of eligible vehicles , including the Tesla Model 3 and Tesla Model Y.

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PHEVs Are A Great Solution For Many — But PHEV Incentives Need Fixing

EV Adoption

Like many issues and discussion topics today, plug-in hybrid electric vehicles (PHEVs) have become a divisive concept within the electric vehicle industry. People seem to either be fans of the dual-powertrain approach of PHEVs or have a huge disdain for them. The Knocks Against PHEVs. Black and white. Good versus bad.

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CMU study finds small battery PHEVs and gasoline hybrids the least-cost policy solution to reducing gasoline consumption

Green Car Congress

A 2011 paper by Michalek and colleagues found that strategies to promote adoption of HEVs and PHEVs with small battery packs offer more social benefits (i.e., air emissions and oil displacement benefits) in the near term per dollar spent than PHEVs and battery-electric vehicles (BEVs) with large battery packs providing longer electric range.

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The US Needs 20 Times More EV Charging Stations by 2030… Or Else

Blink Charging

According to the Bureau of Transportation Statistics , electric vehicle sales, including plug-in hybrid electric (PHEV) and battery electric vehicles (BEV), increased from just over 17,000 in 2011 to 632,883 in 2021. million public chargers, the less ready drivers will be to purchase an EV. In fact, BEVs accounted for 3.2%