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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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Tax filers: If you’re claiming IRA tax credits, then you need this free tool

Baua Electric

Photo: Tesla If you bought an EV or made electric upgrades in 2023, then use this Rewiring America tool to confirm which Inflation Reduction Act (IRA) tax credits you qualify for. The IRA tax credits are new, so it’s good to have a tool to refer to during tax preparation. Tesla drivers, this pertains to you, too.)

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South Korea’s Yoon pledges to extend tax benefits for chip investments – ET Auto

Baua Electric

In January 2023, the government unveiled a plan to offer large tax breaks to semiconductor companies investing at home, which are set to end this year. South Korean President Yoon Suk Yeol said on Monday that he would extend tax credits on investments in the domestic semiconductor industry to boost employment and attract more talent.

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How Do the Used and Commercial Clean Vehicle Tax Credits Work?

Blink Charging

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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Subaru mistakenly says 2024 Solterra owners are eligible for the $7,500 EV tax credit

Baua Electric

Subaru mistakenly said some 2024 Solterra owners will qualify for the $7,500 EV tax credit. Subaru “owners” are not eligible for $7,500 EV tax credit Subaru introduced the 2024 Solterra electric SUV yesterday with new upgrades, including faster charging and more. But there’s one (major) issue – It’s not built in the US.

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Iowa Legislature passes biofuel bill; butanol blends, E-15 and biodiesel tax credits extended

Green Car Congress

Both houses of the Iowa Legislature have passed a bill ( SF2344 ) providing for biobutanol-blended gasoline; modifying the rate of the E-15 plus gasoline promotion tax credit; and extending provisions for a biodiesel production refund.

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What Businesses Should Know about Changes to the 30C Tax Credit

EV Connect

Since 2018, the gold standard of federal tax credits for EV chargers has been U.S. Code 30C , more commonly known as the "Alternative Fuel Infrastructure Tax Credit" or the “30C Tax Credit.” That being said, for those eligible to receive the 30C tax credit, there is more money available than ever.