Green Car Congress

MARCH 30, 2023

Due to a steady increase in availability of new models, expanded price mix within existing models and widening eligibility of federal and state incentives, acquisition cost is starting to fade as a hurdle to EV adoption, according to J.D. Additionally, both manufacturers recently announced significant price cuts on both models.

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Price Power Powered Tax Credit 404

Green Car Reports

AUGUST 13, 2021

Earlier this week the Senate voted to place price and household-income caps on the federal EV tax credit, as part of the $3.5 would eliminate tax credits for vehicles costing more than $40,000, and for households with more than. trillion budget framework currently undergoing negotiations.

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Tax Credit Tax Price Parts 193

Green Car Congress

JANUARY 31, 2023

With its new EV supply chain coming online, Ford says it is significantly increasing production of the Mustang Mach-E this year to help reduce customer wait times and to take advantage of streamlined costs to reduce prices across the board, making Mustang Mach-E even more accessible to customers and keeping it competitive in the marketplace.

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Ford Price Production SUV 434

Green Car Congress

JUNE 13, 2021

The Connecticut General Assembly has passed HB 6688 , a bill that imposes a highway use tax (HUT) on every carrier for operating, or causing to be operated, certain heavy, multi-unit motor vehicles (Class 8-13) on any highway (i.e., The HUT is calculated based on a vehicle’s weight and the number of miles driven in the state.

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Tax Connecticut Miles Transportation 321

The Truth About Cars

APRIL 3, 2024

As more electric vehicles hit the roads, states are grappling with the change in tax revenues they’re seeing as a result. EV buyers don’t pay gas taxes, slashing millions out of state highway budgets and making it hard to afford planned improvements.

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New Jersey Tax Affordable IDEA 111

Teslarati

APRIL 19, 2024

Tesla has implemented a series of price adjustments to the Model S, Model X, and Model Y. With their price adjustments, the two flagship vehicles and Tesla’s best-selling car have become a bit more affordable for consumers. As observed by Tesla community members, the Model S sedan has received a price cut of $2,000.

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Tax Credit Price Tesla Tax 133

CleanTechnica EVs

APRIL 8, 2023

Tesla has juggled its prices once again, lowering the price of the Model 3 RWD by $1,000 and the Model Y by $2,000. It has also added a RWD version of the Model Y for North America.

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Tax Credit Price Tax North America 122

Teslarati

MARCH 16, 2024

Tesla has announced plans to increase the price of its Model Y in multiple regions in the coming weeks, including in the U.S. According to a note on Tesla’s website , the price of all three Model Y configurations will increase by $1,000 in the U.S. also offer additional local tax credits on electric vehicles (EVs).

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Tax Credit Price Tesla Tax 116

Teslarati

JANUARY 2, 2024

As everyone greets the new year, Tesla updated its website according to the Inflation Reduction Act’s (IRA) requirements for the electric vehicle (EV) tax credits. Most of Tesla’s other models—including the Model X—are eligible for the full tax incentives. The Teslarati team would appreciate hearing from you.

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Tax Credit Tax North Korea Iran 118

Green Car Reports

AUGUST 4, 2021

An EV tax credit could soon extend to used vehicles. And the Leaf is now the lowest-priced EV in the U.S. With a price cut of more than $4,000, the 2022 Nissan Leaf is shaping up to be the lowest-priced U.S.-market The 40-mpg versions of the Maverick hybrid pickup might be hard to find. market electric.

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Tax Credit MPG Tax Nissan 186

Green Car Congress

MAY 3, 2023

This provides customers the opportunity to try it during the initial months of vehicle ownership and subsequently activate it through a subscription at the time of their choosing. Customers can still include a 3-year subscription as part of the vehicle purchase, if they prefer. Updated Pricing The above reflects MSRP as of 2 May 2023.

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Standards Range Ford Price 417

Green Car Reports

FEBRUARY 3, 2023

Treasury Department on Friday announced an update on how vehicles will qualify as a car or an SUV under the revamped EV tax credit, now known as the clean vehicle tax credit.

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Tax Credit Tax SUV Price 120

Green Car Reports

JANUARY 23, 2023

New federal EV tax credit rules have set price caps that are narrowing the field of qualifying EVs; but a leasing loophole is already opening up a much wider field eligible for federal subsidies The Inflation Reduction Act (IRA) re-upped the federal EV tax credit of up to $7,500 for qualifying vehicles.

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Tax Credit Tax Price Cars 165

Baua Electric

MARCH 8, 2024

With drastically lower starting prices, the Blazer EV now starts at just over $50,000 and qualifies for the full $7,500 federal tax credit. Chevy Blazer EV stop-sale ends with lower prices General Motors issued the stop-sale on the Chevy Blazer EV in late December, just four months after opening orders.

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Tax Credit Tax Price Sale 52

The Truth About Cars

FEBRUARY 12, 2024

The Tesla Model Y is the world’s best-selling electric vehicle, but that hasn’t stopped the automaker from exploring new ways to boost buyer interest. Though it’s eligible for federal tax credits, Tesla is temporarily decreasing pricing on the SUV, dropping it to $42,990 for the base model and $47,990 for the Long Range model.

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Price Tax Credit Tesla Tax 109

Green Car Congress

JUNE 23, 2022

President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also called on states to suspend their state gas taxes as well or to find other ways to deliver some relief.

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Congress Fuel Tax Tax Fuel 259

Teslarati

APRIL 27, 2024

Just a few days after it was launched, Tesla has increased the price of the Model 3 Performance, though basic options still render it more affordable than the Long Range configuration with the federal tax credit. The Model 3 Performance is now priced at $53,990 in the U.S. In addition to launching in the U.S.

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Green Car Congress

JANUARY 12, 2023

The average transaction price (ATP) of a new vehicle in the US hit a record high in December at $49,507—an increase of 1.9% ($927) from November and up 4.9% ($2,297) from year-earlier levels. The drop in pricing was driven by significant price cuts at Tesla, which commands more than 65% of the electric vehicle segment.

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Price Land Rover Vehicles Tesla 210

Green Car Congress

MARCH 21, 2022

On Friday, Maryland Governor Larry Hogan signed emergency bipartisan legislation ( SB1010 / HB1486 ) to suspend immediately the state of Maryland’s gasoline and diesel tax for 30 days. cents per gallon tax for gasoline, and the 36.85 cents per gallon tax for diesel fuel. This emergency legislation applies to the 36.1

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Maryland Georgia Tax Gasoline 150

Blink Charging

APRIL 13, 2023

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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Tax Credit Tax Clean Cleaning 95

Baua Electric

JANUARY 17, 2024

Fewer Tesla EVs now qualify for the $7,500 federal EV tax credit, but for those that do, Tesla is now applying the credit at the time of purchase. The automaker’s website now says that eligible buyers will have the full $7,500 credit applied when they purchase their vehicles. Tesla federal EV tax credit eligibility (Jan.

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Tax Credit Tax Purchase Tesla 98

Green Car Congress

JANUARY 12, 2021

Prices for new light trucks—pickups, vans, and sport utility vehicles (SUVs)— averaged 43% more than new cars in 2019. From 1990 to 1995, cars had a higher average price than light trucks. Price data are adjusted for inflation (constant 2019 dollars). Light trucks include classes 1-3. Sources: Cars – U.S.

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2019 Light Price Financing 243

Teslarati

JANUARY 2, 2024

Treasury’s updated guidance on the federal electric vehicle (EV) tax credit has officially taken effect. With some of Tesla’s vehicles losing access to the credit in 2024, one Model 3 configuration is currently looking more appealing than ever. However, sightings of the Model 3 Highland in the U.S.

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Tax Credit Tax Highlander North America 115

Green Car Reports

APRIL 24, 2023

Utah EV drivers will soon pay more to charge their vehicles, all to subsidize lower gas prices. In July, gas prices in Utah are set to drop thanks to lower gas taxes, which are set to decrease from 16.5% tax to use commercial charging stations. to 14.2%, but EV drivers will be paying a 12.5%

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Utah Gas Price Charging 163

Blink Charging

NOVEMBER 16, 2023

To encourage clean and energy-efficient vehicle adoption, the United States government has made significant changes to the Clean Vehicle tax credit, to take effect from January 1, 2024. These changes make it easier for drivers to access tax credits when purchasing clean vehicles.

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Tax Credit Tax Clean Cleaning 52

Teslarati

JANUARY 9, 2024

Hertz is selling off some of its Tesla models that were formerly rentals, and the vehicles are currently available at some pretty low prices. As part of the Rent2Buy vehicle sales program on its website , Hertz has listed hundreds of its early Tesla rentals for sale at fairly low prices.

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Price Tax Credit Tesla Purchase 144

The Truth About Cars

MARCH 7, 2024

The automaker announced that the car has regained eligibility for federal tax credits, though for only half of the maximum $7,500. It’s followed not-so-closely by the Mini Cooper SE, but regaining tax credit eligibility is a significant boost. has a free-trade agreement.

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Tax Credit Tax Nissan Tennessee 90

Teslarati

FEBRUARY 5, 2024

Just weeks after its initial release in North America, the upgraded Tesla Model 3 Long Range Dual Motor All wheel Drive (AWD) has seen a minor price increase. With the price increase in place, the Model 3 LR now starts at a price of $46,990. Previously, the vehicle was priced at $45,990 before options.

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Tax Credit Price Motor Motors 121

Teslarati

OCTOBER 19, 2023

Tesla increased the price of the Model X Plaid by $5,000. The price increase occurred within the last few days or hours. On October 15, 2023, the Tesla Model X Plaid’s price was still $89,990. It does not qualify for federal tax credits under the Inflation Reduction Act (IRA). Tesla reported a gross vehicle margin of 17.9%

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Price Tax Credit Tesla Highlander 133

Green Car Congress

DECEMBER 7, 2020

Prices for classic electric Range Rovers by Lunaz start at £245,000 (US$329,000) excluding local taxes. The more urban expression of these cars will be presented with increased focus on rear-seat and driver comfort, reflecting their dual use as either self-driven luxury vehicles or chauffeured cars.

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Tax Range Price Production 286

Electrek

JUNE 2, 2023

Tesla surprises the market by confirming that buyers of its cheapest Model 3 now have access to the full $7,500 federal tax credit for electric vehicles instead of the previous $3,750. It’s unclear how they achieved that, but it does bring the price of the Model 3 down to ~$30,000 for those who can take advantage of the tax credit.

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Tax Credit Tax Tesla Price 145

EV Adoption

JULY 4, 2022

As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fuel taxes as drivers of gas-powered cars do at gas stations. Unfortunately there is currently no simple and agreed upon best replacement for the fuel tax.

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Fuel Tax Tax Electric Vehicles Fuel 98

Baua Electric

APRIL 26, 2024

Tesla just released the Model 3 Performance on Tuesday, and already Tesla has hiked the price by $1,000. And, given the fact that it qualifies for the US Federal EV Tax credit, it’s actually cheaper than the lower-spec Long Range Model 3 (which starts at $47,740) after taking the credit into account.

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Tax Credit Price Tesla Tax 52

EV Life

JUNE 29, 2023

Great news for drivers looking to purchase an electric vehicle in Colorado! But the most exciting part of the new bill for many Colorado residents is the expansion of an additional Colorado Electric Vehicle Tax Credit for qualified drivers looking to purchase electric vehicles. What Are Electric Vehicle Incentives?

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Tax Credit Colorado Tax Electric Vehicles 52

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. It does not act as a rebate (until 2024).

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Tax Credit Tax Electric Vehicles North America 72

Green Energy Consumers

FEBRUARY 7, 2023

Last week, the Internal Revenue Service (IRS) and Treasury Department made a change to the federal tax credit for electric vehicles (EVs) that changes the list of eligible vehicles for 2023.

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Tax Credit Tax Electric Cars Price 87

Teslarati

JANUARY 25, 2024

4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal tax credit for electric vehicles. 4 units with batteries from SK On qualify for federal tax credits. 4 EV may choose to apply the tax credit as a down payment for the vehicle. The 2023 ID.4 Only VW ID.4

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Tax Credit Tax Batteries Battery 98