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Toyota EVs and plug-in hybrids: Full $7,500 EV tax credit will likely phase out October 1

Green Car Reports

It appears that sales of Toyota’s plug-in models in recent months were enough to trigger the automaker’s phaseout period for the federal EV tax credit this past quarter—leaving buyers less than nine months to buy a vehicle like the BZ4X electric car or RAV4 Prime plug-in hybrid and be able to claim the full $7,500 amount.

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T&E study finds plug-in hybrids show higher CO2 emissions than claimed

Green Car Congress

Three of the most popular plug-in hybrids in 2020 all emitted more CO 2 than advertised when tested in the real world, according to tests commissioned by European environmental NGO Transport & Environment (T&E). T&E said governments should therefore end the purchase subsidies and tax breaks for plug-in hybrids.

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US plug-in hybrid sales hit a record high in 2023

Baua Electric

Plug-in hybrids reached record sales in 2023, with more than 250,000 vehicles sold, or about 20% of total plug-in vehicle sales, according to the Department of Energy. Last year saw strong sales for EVs as well, which surpassed one million units for the first time. of total light-duty vehicle sales in the U.S.,

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EIA: California home to almost half of US plug-in electric vehicles

Green Car Congress

Total US sales of plug-in electric vehicles (PEVs)—battery electric and plug-in hybrid electric—have increased in recent years, but still represent only about 0.7% of new vehicle sales in 2014 so far, up from 0.6% Several states offer tax incentives to reduce the upfront cost of PEVs to consumers.

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How to Get the Federal Clean Vehicle Tax Credit This Year

Blink Charging

The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. The Clean Vehicle Tax Credit for new EVs is worth up to $7,500 and the Previously Owned Clean Vehicle Tax Credit is worth up to $4,000.

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2023 was a tremendous year for both EVs and Plug In America!

Plug in America

in a year First NEVI charging stations up and running Gasoline sales have passed their peak It’s been a busy year here on the policy team. Clean Vehicle Tax Credits Clean vehicle tax credits kicked into high gear in 2023. Over a million EVs sold in the U.S. We also provided feedback from EV drivers (Thanks to you!)

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UC Davis ITS study suggests hastening consumer adoption of plug-ins will require innovation on the sales side

Green Car Congress

A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.

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