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Study finds EV buyers want rebates, not tax credits; government could have saved $2B

Green Car Congress

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.

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Washington state legislature passes law establishing setting MY2030 target for 100% electric new LDV sales

Green Car Congress

The Washington State legislature has passed legislation that sets a target for all MY2030 or later passenger and light-duty vehicles sold in Washington State to be electric vehicles. The new law establishes the most aggressive such state goal in the US—five years ahead of California’s 2035 target.

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Study: Point-of-sale EV rebates buyers prefer could have saved $2 billion vs. tax credits

Green Car Reports

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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Washington state legislature approves $16.9B transportation package; targeting all new cars to be electric with MY 2030

Green Car Congress

The Washington State Legislature has passed the $16.9-billion, billion, 16-year Move Ahead Washington transportation package. The revenue package adopted a shift in funding sources after an export fuel tax projected to provide $2 billion in funding was removed on the House floor. Notable investments include: $5.4 Earlier post.).

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Washington governor vetoes legislation mandating all-electric new LDV sales by 2030

Green Car Congress

On Thursday, Washington state Governor Jay Inslee vetoed legislation that would have set the first state-legislated 2030 phaseout target for automotive combustion engines in the country. Earlier post.).

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Electric Vehicle Buyers Want Rebates, Not Tax Credits

CleanTechnica EVs

New study finds the current tax credit scheme for encouraging electric vehicle purchases is less valuable to car buyers and less equitable WASHINGTON — Financial incentives play an important role in the widespread adoption of electric vehicles.

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Tesla Model Y’s complete lineup now qualifies for EV tax credits through Inflation Reduction Act

Teslarati

Tesla’s complete lineup of Model Y trim levels now qualifies for electric vehicle tax credits through the Inflation Reduction Act, as the Internal Revenue Service (IRS) has increased the applicable MSRP limit to $80,000 across each of the all-electric crossover’s configurations. According to a report from Bloomberg , the U.S.