EV Life

MAY 19, 2023

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China.

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Tax Credit Tax Personal F-150 52

The Truth About Cars

APRIL 17, 2023

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. But there are a few more hoops to jump through if you want the government to offer some cash back on your EV purchase.

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Tax Credit Tax North America Chevrolet 76

Green Car Congress

MARCH 21, 2012

Colorado residents who purchase or lease a new Chevrolet Volt are eligible for a state tax credit of up to $6,000 in addition to a federal tax credit of up to $7,500 for a total price reduction of as much as $13,500. A tool to determine specific state or local electric vehicle tax credits is available here.

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Tax Credit Colorado Volt Tax 231

Green Car Congress

DECEMBER 23, 2022

CARB’s ZEP Executive Order is a certificate of compliance with CARB regulations for zero-emission powertrains determined to meet specific emissions standards required for sale in California. The Tre BEV started serial production in March 2022 and is available for purchase and delivery now.

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Scrappage Tax Credit Purchase California 435

Teslarati

JANUARY 9, 2024

As some have pointed out on X , the Internal Revenue Service (IRS) also offers a reduced electric vehicle (EV) tax credit on used purchases, which could potentially bring these prices down by another $4,000. At this time, the lowest price available is $20,200 for a 2021 Model 3 Standard Range Plus.

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Price Tax Credit Tesla Purchase 141

Teslarati

FEBRUARY 8, 2024

Rivian launched the Standard and Standard+ battery packs for select R1 configurations. Rivian estimates that the Standard battery pack can deliver 270 miles of range, while the Standard+ is estimated to provide up to 315 miles of range. The Standard+ battery pack costs an additional $3,100.

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Range Tax Credit Standards Tax 73

Teslarati

OCTOBER 23, 2023

Colorado has voted to approve a new standard on the adoption of electric vehicles (EVs), with an additional goal set for 2032 and new guidance for increasing EV sales beginning in 2027. Notably, the release says that the standard does not prohibit the sale or use of non-electric vehicles with internal combustion engines (ICEs).

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Colorado Sale Tax Credit Tax 94

Teslarati

JANUARY 12, 2023

With these price adjustments in place, Tesla has ensured that the Model Y Long Range would qualify for the Inflation Reduction Act’s $7,500 federal tax credit. Model Y LR is now $13,000 cheaper before the tax credit and $20,500 cheaper including the tax credit.

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United States Tax Credit Price Tesla 145

Teslarati

APRIL 11, 2024

Some of Ford’s incentives, when combined with the Tesla Competitive Conquest Bonus Cash, can take off as much as $14,000 from the purchase price of a new F-150 Lightning.

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F-150 Ford Extended Range Tesla 108

Green Car Congress

JANUARY 25, 2020

Audi anticipates that customers purchasing the 2020 Audi A8 TFSI e will be eligible for a federal tax credit of up to $6,795. seconds, almost a second faster than the standard A8 V6 due to the hybrid components. By comparison, the starting MSRP for a 2020 Audi A8 55 TFSI quattro with automatic transmission is $85,200.

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Audi Plug-in 2020 Plug 332

Green Car Congress

MARCH 8, 2010

Strong income tax credits for the purchase of new diesel, hybrid, and plug-in hybrid vehicles are very expensive and essentially ineffective at reducing GHG emissions from transportation. Purchase tax credits are an expensive way to reduce oil consumption and GHG emissions from transportation.

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Tax Credit Tax Emissions Fuel 220

Green Car Congress

SEPTEMBER 8, 2022

The recent passage of the “Inflation Reduction Act” (IRA) into law amplifies the US commitment to SAF by providing tax credits for every gallon of SAF produced based on lifecycle greenhouse gas emission reduction percentages. United Airlines has already committed to purchase 1.5

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Supplies Commercial Fuel Tax Credit 150

EV Life

OCTOBER 21, 2023

The most significant incentive, outlined in the Inflation Reduction Act of 2022 , comes in the form of a $7,500 tax credit for eligible drivers and vehicles. As with most government incentive programs, there are a lot of rules and restrictions regarding who qualifies for the credit. However, there’s a catch.

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Tax Credit Tax Financing North America 52

Green Car Congress

NOVEMBER 20, 2018

New York State announced a series of broad-scale initiatives to encourage the purchase and to increase the convenience and accessibility of electric vehicles (EV). Drive Clean Rebate Initiative Supporting the Direct Purchase of 11,000 EVs. To date, more than 11,000 rebates have been approved for New Yorkers to purchase electric cars.

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New York Tax Credit F-150 Clean 354

Green Car Congress

NOVEMBER 5, 2022

Under the deal, SK On will purchase up to 57,000 tons of high-quality lithium hydroxide for five years starting in 2023. The IRA offers a tax credit to consumers when they buy an EV with batteries equipped with a certain percentage of critical minerals extracted or processed in the US. million electric vehicles (EVs).

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Supplies Chile Tax Credit New York 273

EV Life

AUGUST 10, 2023

We’ll also take a look at the best way to save money when financing your Lightning purchase through an EV Climate Loan with EV Life. Interior The interior of the Lightning, which is only offered as a five-passenger crew cab, is also similar to the standard F-150, but with a few small differences.

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F-150 Financing Ford Electric Vehicles 52

EV Life

JUNE 15, 2023

So, if you’re like most potential Tesla buyers, you will probably look to finance your Tesla purchase with a loan rather than pay the sticker price upfront. Drivers can apply for financing directly on the Tesla website during the car-buying process by filling out a credit application in their Tesla Account after placing an order.

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Financing Tax Credit Tesla Tax 52

Plug in America

AUGUST 10, 2022

If you are open to colors and options and want your EV sooner, a good dealership will keep your information and notify you when a unit is available for purchase. . Our sister site, PlugStar , lists all available vehicles for purchase or order in one place. There are some exceptions to this standard depending on your state.

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Purchase Vehicles Los Angeles Plug-in 85

Green Car Congress

SEPTEMBER 21, 2012

Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. That finding takes into account both the higher purchase price of an electric vehicle and the lower fuel costs over the vehicle’s life. Source: CBO. Click to enlarge.

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Tax Credit Gasoline Tax Gasoline-Electric 252

Green Car Congress

FEBRUARY 24, 2021

Outlander PHEV is now eligible for $6,587 in federal tax credits, an increase of $751 compared to the 2020 model year. The 2021 Outlander PHEV is available in three trim levels: SEL, Limited Edition (LE) and GT, all of which come standard with S-AWC all-wheel drive.

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PHEV Mitsubishi Batteries Battery 243

Green Car Congress

JANUARY 28, 2022

We know from our research that many consumers have concerns during the purchase consideration process with aspects like battery range and vehicle charging. However, once someone has purchased a BEV, they’re pretty much hooked. Making the initial leap of faith into owning a BEV is proving to be very satisfying.

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Power Powered Purchase Tax Credit 259

Green Car Congress

OCTOBER 11, 2013

Upon IRS certification of an anticipated federal tax credit, purchasers may be eligible for a tax credit from $0 to $7,500 depending on individual tax liability. Net pricing after tax credits could be as low as $68,495, including $995 destination. 2014 Cadillac ELR. Click to enlarge.

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Cadillac Tax Credit Price Sale 353

EV Life

JUNE 8, 2023

The Model X Long Range comes standard with a battery large enough to cover its EPA-estimated 348-mile driving range, and the upgraded 1020 horsepower Plaid model still gets an estimated 333 miles of range. The Model Y qualifies for the full $7,500 federal EV tax credit. The other upside? Volkswagen ID.4

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SUV Tax Credit Market Tax 52

EV Life

SEPTEMBER 7, 2023

We’ll also show you how to save a ton of money by financing your purchase through EV Life. They also come standard with a heated flat-bottom steering wheel and the option to upgrade to Equinox’s stylish Adrenaline Red interior. Incentive Programs the Chevrolet Equinox is Eligible For Federal Tax Credit.

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Chevrolet Financing Electric Vehicles Tax Credit 52

EV Life

AUGUST 17, 2023

4 to its plant in Chattanooga, Tennessee, which allowed the popular SUV to join the ranks of EVs that qualify for the $7,500 federal tax credit. Volkswagen also added an entry-level standard trim with a more attractive base price to its lineup, further expanding the ID.4’s Despite that, the Standard is still impressive.

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Financing Electric Vehicles Tax Credit Vehicles 52

EV Life

DECEMBER 12, 2023

The second reason EV crossovers are so popular with automakers is the vehicle classification standards put forth by the Treasury Department to determine whether a vehicle is a car, SUV, truck, or van. If a vehicle qualifies as a car, the MSRP limit is $55,000 to be eligible for the tax credit. Where Are All the True SUVs?

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SUV Tax Credit Hummer Vehicles 52

Teslarati

JANUARY 14, 2023

The recent price cuts enable buyers to purchase a base Model 3 for $43,990, and with the EV tax credit, that price is further reduced. 7,500 EV Tax credit to that of a 2020 base Model 3 priced at $38,600. The Model 3 has already become cheaper to buy than ever before in the U.S. due to the recent price cuts.

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Price Tax Credit Tesla Tax 98

EV Life

AUGUST 4, 2023

We’ll also explore the best ways to save money on the purchase of a Bolt EUV by taking advantage of available EV incentives with an EV Climate Loan through EV Life. For power, the Bolt EUV can be charged on a standard 120-volt household outlet as well as a 240-volt connection for faster charges. Colorado Electric Vehicle Tax Credit.

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Chevrolet Financing Electric Vehicles Tax Credit 52

Baua Electric

JANUARY 12, 2024

Hyundai is offering a $7,500 purchase incentive on the 2024 IONIQ 6. It’s essentially like receiving the full EV tax credit with a new purchase. Like the IONIQ 6, Tesla’s Model 3 is no longer eligible for the IRA tax credit. It’s good for all 2024 Hyundai IONIQ 6 trims purchased by the end of the month.

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Hyundai Tax Credit Tesla Kia 52

Teslarati

APRIL 21, 2023

Tesla has rolled out the Model Y Rear-Wheel Drive in Canada, a forgotten configuration that the automaker has not made a standard offering in several years. The $5,000 comes directly of the purchase price of the vehicle (after tax). The company brought closure to the Model Y Standard Range All-Wheel-Drive in December 2021.

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Canada Tesla Tax Credit Tax 103

Green Car Congress

JANUARY 15, 2013

Depending on location, some consumers may purchase the 2013 LEAF for as low as $18,800 with qualifying federal and state tax credits, putting the LEAF on par with gas-powered vehicles of its size. Eligible consumers can take advantage of a $7,500 federal tax credit, and some states and municipalities offer additional incentives.

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2013 Nissan Tax Credit Tax 360

Green Car Congress

JUNE 30, 2016

As part of that effort, the leaders committed to reduce greenhouse gas (GHG) emissions from light- and heavy-duty vehicles by aligning fuel efficiency and/or GHG emission standards out to 2025 and 2027, respectively. In addition, the SmartWay freight transportation program will be extended to Mexico.

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Mexico Canada Standards Light 199

Green Car Congress

NOVEMBER 17, 2021

The agreement covers the purchase by Southwest of an expected 219 million gallons of negative-carbon-intensity SAF at a fixed price, over a fifteen-year term starting as early as 2026, when the biorefinery is scheduled to begin commercial delivery of fuel.

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Carbon Tax Credit Purchase Mississippi 170

Baua Electric

MARCH 25, 2024

In January, we reported that REE’s P7-C had achieved certification from both the Federal Motor Vehicle Safety Standards (FMVSS) and EPA ahead of initial deliveries, the first full steer-by-wire, brake-by-wire, and drive-by-wire vehicle in the US to do so.

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Tax Credit California Dealers Fleet 52

EV Connect

AUGUST 9, 2021

Federal tax credits for electric vehicles have been extended through 2021, and the Clean Energy for America Act would extend those credits even further. Additionally, the tax credit would only expire once 50% of new cars sold in the US are EVs.

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Colorado Tax Credit Tax Purchase 52

EV Life

APRIL 14, 2023

To accomplish this, California has introduced a number of tax credits, rebates, and grants aimed at reducing air pollution and encouraging California drivers to make the switch to low-emission or no-emission vehicles. 93% of Californians live in areas that fail to meet health-based federal or state air quality standards.

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California Tax Credit Climate Change Grant 52

Baua Electric

APRIL 24, 2024

The Performance appears eligible for the federal EV tax credit, which could mean it’s a better deal than the Long Range, though. Tesla has been applying these credits at the time of purchase. Tesla pricing is always volatile, however. When it launched, the Model 3 Performance was somewhat of an outlier.

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Highlander Tesla Tax Credit MPH 52