CN EV Post

SEPTEMBER 2, 2022

China's policy is expected to exempt about RMB 100 billion of NEV purchase taxes next year. The post China waives about $6 billion worth of NEV purchase taxes in Jan-July appeared first on CnEVPost. For more articles, please visit CnEVPost.

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CN EV Post

JANUARY 4, 2024

Simply put, consumers who buy NEVs with an invoice amount exceeding RMB 339,000 are required to pay purchase tax. Models that support battery swap get preferential treatment.

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CN EV Post

AUGUST 19, 2022

The post China to extend NEV purchase tax exemption to end of 2023 appeared first on CnEVPost. China will establish a coordination mechanism for the development of the NEV industry and will vigorously build charging piles. For more articles, please visit CnEVPost.

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Green Car Congress

JULY 9, 2022

A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. The current federal electric vehicle tax scheme is a pain. Roberson et al.

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Tax Credit Tax Buy Purchase 353

CN EV Post

JANUARY 2, 2024

Simply put, consumers who buy NEVs with an invoice amount exceeding RMB 339,000 are required to pay purchase tax. Models that support battery swap get preferential treatment.

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CN EV Post

JANUARY 1, 2024

This means that Nio's vehicles, as well as those of its partners using its battery swap network, will be able to enjoy more purchase tax exemptions. Genius, more income now for the swap stautions. Its turning out even better than assumed. BSS will def pick up speed now

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Teslarati

AUGUST 1, 2022

Tesla China will likely see its momentum in the domestic EV market accelerate, thanks to the country’s NEV purchase tax exemption being renewed next year. The NEV purchase tax exemption, which was launched in 2014, allowed most consumers who purchase green vehicles to save about RMB 10,000 (around $1,500).

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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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Green Car Reports

MARCH 8, 2024

The 2024 Honda Prologue and 2024 Acura ZDX will both qualify for the full $7,500 federal EV tax credit, Honda and its Acura luxury brand have confirmed.

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Tax Credit Acura Honda Tax 143

CN EV Post

JULY 6, 2022

The first of the measures, developed by 17 government departments, is to support the purchase and use of NEVs. The post China issues measures to expand auto consumption, hints at extension of NEV purchase tax exemption appeared first on CnEVPost. For more articles, please visit CnEVPost.

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Electrek

FEBRUARY 15, 2024

The new year rolled out a new plan where EV shoppers could get on-the-spot tax rebates when purchasing a new electric vehicle, with auto dealers then handling the paperwork and waiting to get reimbursed by the government.

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CN EV Post

AUGUST 9, 2022

As ownership of conventional ICE vehicles shrinks dramatically, the tax gap will need to be filled by a tax system for EVs, the CPCA said. The post CPCA says purchase tax on NEVs will be inevitable in China appeared first on CnEVPost. For more articles, please visit CnEVPost.

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Electrek

APRIL 21, 2021

Americans are getting closer to a federal tax credit for electric bicycles, a proposal that could be similar in concept to the electric car and motorcycle tax incentives already on the books. more… The post Proposed 30% US tax credit for e-bike purchases gains support in Congress appeared first on Electrek.

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Tax Credit Congress Tax Purchase 145

Electrek

FEBRUARY 21, 2024

After temporarily losing availability for federal tax credits in early January, Cadillac has announced the LYRIQ is once again eligible for the total amount of up to $7,500. Additionally, some previously ineligible LYRIQs will receive a purchase incentive from Cadillac directly.

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Tax Credit Cadillac Tax Purchase 125

CleanTechnica EVs

MARCH 16, 2024

federal EV tax credit provided that the customer meets all purchase and income qualifications for the EV tax credit as outlined in Internal Revenue Code Section 30DOpens. continued] The post 2024 Nissan LEAF Regains Eligibility for up to $3,750 EV Tax Credit appeared first on CleanTechnica.

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Green Car Congress

DECEMBER 3, 2019

The Federal tax on gasoline is 18.4 cents per gallon, and each state has a gasoline tax, ranging from 8.95 Since taxes are charged on a per-gallon basis, someone with a more efficient vehicle will pay less in taxes over the course of a year. miles per gallon (mpg) and the average annual miles driven is 11,484 miles.

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Blink Charging

JANUARY 11, 2024

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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CN EV Post

NOVEMBER 16, 2022

The post China has exempted about $10 billion in purchase taxes on NEVs so far this year appeared first on CnEVPost. As of November 10, a total of 4.48 million NEVs has been sold in China this year, up 78.1 percent year-on-year. For more articles, please visit CnEVPost.

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Purchase Tax China Industrial 105

Electrek

OCTOBER 24, 2023

Colorado passed a new law that ramped up generous EV state tax credits for both purchases and leases from July 1, and here’s what resulted. more… The post What happened next after Colorado launched its fantastic EV state tax credits appeared first on Electrek.

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Tax Credit Colorado Tax Purchase 141

Green Energy Consumers

FEBRUARY 7, 2024

Back in December, we wrote about how the rules for what electric vehicles (EVs) qualify for the federal tax credit were going to change in 2024. Those changes did kick in January 2024, but so did new rules about how to claim the federal tax credit that we hadn’t expected.

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Tax Credit Tax Electric Vehicles Vehicles 84

Electrek

DECEMBER 26, 2023

New year, new rules: As of January 1, things are about to get a little easier when it comes to getting your federal tax credit for buying an electric vehicle. more… The post Thousands of auto dealers sign up to offer new on-the-spot tax credit appeared first on Electrek. And auto dealers are signing up in droves with the IRS.

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Teslarati

JANUARY 10, 2024

Tesla calculated that Model 3 Highland lease payments would be $329 monthly, excluding taxes and fees. Tesla models eligible for IRA tax credits in 2024 The loophole lies in the IRA’s tax credit qualifications for commercial vehicles. The monthly lease payments drop to $246 after accounting for probable savings.

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InsideEVs

JANUARY 15, 2024

The point-of-sale rebate can be applied when purchasing a Model Y or Model X Dual-Motor.

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Teslarati

JANUARY 2, 2024

Treasury’s updated guidance on the federal electric vehicle (EV) tax credit has officially taken effect. The Tesla Model 3 Long Range (LR) and Rear-Wheel-Drive (RWD) configurations are no longer eligible for the $7,500 tax credit as of January 1. Elon Musk congratulates Tesla team on 2023 numbers What are your thoughts?

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Green Car Congress

OCTOBER 9, 2020

However, these annual costs don’t take into account the purchase cost of the vehicle itself and are purely the ‘running’ costs annually. When the purchase cost of each type of vehicle is factored in, average gasoline vehicles are $1,454 per year cheaper to run.

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Electrek

MAY 29, 2023

Colorado is trailblazing with a new law that ramps up impressive EV state tax credits for both purchases and leases. more… The post Colorado’s new EV state tax credits are fantastic appeared first on Electrek.

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Tax Credit Tax Colorado Purchase 124

Electric Cars Report

JANUARY 26, 2024

4 models (when released with SK On components) that are placed in service in 2024 will be eligible for the full $7,500 Federal Tax Credit on a purchase by a qualifying purchaser, making the ID.4 4s are eligible for full $7,500 Federal Tax Credit appeared first on Electric Cars Report.

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CN EV Post

OCTOBER 10, 2022

The post Tesla Model S and Model X enter China's list of purchase tax exemption, signaling local deliveries not far away appeared first on CnEVPost. In the list published by the MIIT, the Model S and Model X each contain two models with the power battery capacity of 100 kWh. For more articles, please visit CnEVPost.

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CleanTechnica EVs

DECEMBER 27, 2022

Fitzpatrick (R) of Pennsylvania, that would provide a $2500 tax credit for off-road EV purchases. The bill reads that, “there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal […].

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The Truth About Cars

MARCH 6, 2024

The automaker recently announced that its upcoming Prologue EV would be eligible for federal tax credits of $7,500, meaning buyers can get around 15 percent off the SUV’s purchase price at the point of sale. Tax credits bring the Prologue’s starting price down to $41,295 after a $1,395 destination charge.

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Teslarati

MARCH 6, 2024

Tesla has launched a two-seater Model Y for business owners in France, helping them qualify for a unique tax loophole. France’s tax loophole for business owners requires a utility vehicle to be used in “a professional context” and must be limited to two or three seats in the front and zero in the back.

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The Driven EV News

DECEMBER 12, 2023

Federal government tightens efficiency standard for luxury car tax exemptions in a significant win for EVs, particularly in fleet purchases, as it will exclude many hybrid cars. The post Another win for EVs as Australia tightens efficiency rules for luxury car tax exemptions appeared first on The Driven.

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CN EV Post

APRIL 3, 2023

Wang Chuanfu, chairman and president of BYD (OTCMKTS: BYDDY), suggested in an April 1 speech at the China EV 100 Forum that China should extend the NEV purchase tax exemption to 2025, hoping the move would be fast-tracked to stabilize expectations, according to a video replay seen by CnEVPost.

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InsideEVs

DECEMBER 6, 2023

The $7,500 tax credit for plug-in car purchases is changing again in 2024. Some vehicles are on the chopping block.

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Green Car Reports

OCTOBER 17, 2023

The 2024 Nissan Leaf is now eligible for a $3,750 federal EV tax credit, Nissan confirmed Monday in a press release. The credit—half the maximum amount of $7,500—can be applied to any new 2024 Leaf models purchased and placed in service by Dec.

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Green Car Reports

JULY 12, 2022

Purchase incentives are an important tool for increasing EV adoption, but the current federal tax credit may not be the most effective, according to a new George Washington University study.

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Green Car Reports

NOVEMBER 13, 2017

income-tax credit for purchase of an electric car took a new turn on Thursday. HR1, the draft Tax Cut and Jobs Act introduced in the House of Representatives, would end the credit as of December 31. Senate version of the tax-reform bill introduced late Thursday, however, retains the credit.

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