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

EV Adoption

On February 5, Mike Thompson , Chairman of the House Ways and Means Subcommittee on Select Revenue Measures announced the introduction of the Growing Renewable Energy and Efficiency Now (GREEN) Act (PDF). Rather than reforming the tax credit, it’s time to admit it hasn’t worked and blow it up and move in a different direction.

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Electrification Coalition releases Fleet Electrification Roadmap; suggests fleet adoption could put a cumulative 200,000 PHEVs and EVs on the road by 2015

Green Car Congress

The analysis in the EC roadmap concludes that fleet adoption of grid-electric vehicles (PHEVs and EVs) could lead to a cumulative 200,000 units on the road by 2015. plug-in hybrid and electric vehicles (PHEVs and EVs)—highly attractive. Click to enlarge. Federal fleet electrification, including the Postal Service.

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How Truck Stops and Convenience Stores Can Benefit from Holiday EV Travel

Blink Charging

According to the National Renewable Energy Laboratory , as of the second quarter of 2023, only 3.5% In addition, Blink recommends having at least one L2 charger to accommodate plug-in hybrid electric vehicles (PHEVs) and older EVs that cannot use DCFCs to charge. However, it is restricted by census tract.

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Partner Update and Announcement

Plug In Partners

Unfortunately, consumer tax incentives for the purchase of plug in hybrids were not included. Although consumer tax credits for PHEVs enjoyed bipartisan support in both houses of Congress, concerns over other tax portions of the energy bill resulted in the entire tax package being removed from the original bill.

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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

You should consult your own tax, legal and accounting advisors before engaging in any transaction. Federal EV Tax Credit To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car.

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Must Read 40+ Electric Vehicle Interview Questions & Answers

Get Electric Vehicle

2 Plug-in Hybrid Electric Vehicles (PHEVs): PHEVs combine an electric motor with an internal combustion engine. PHEVs can operate in electric mode for a certain distance before switching to the internal combustion engine or can combine both power sources for improved efficiency. #3 8 When was EV first made?

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Senate Strives for Palatable Energy Bill; Plug-in Credits In

Plugs and Cars

As presently consitituted, the Senate bill drops the requirement of electricity generators to achieve 15% renewable sources, but includes higher CAFE standards and major provisions for plug-ins, including conversions. It also creates a 20 percent tax credit for consumers who convert their vehicle to a plug-in, or up to $2,500.

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