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Pyka awarded $7M California tax credit to expand manufacturing of zero-emission autonomous aircraft

Green Car Congress

Pyka, a developer of autonomous electric aviation technology, was awarded a $7-million California Competes Tax Credit with the California Governor’s Office of Business and Economic Development (GO-Biz), approved last week by the California Competes Tax Credit Committee.

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Colorado’s new EV state tax credits are fantastic

Electrek

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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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. —Roberson and Helveston (2022).

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Full US EV tax credit guidance delayed to March

Green Car Reports

Treasury Department has delayed release of full guidance on qualifications for the revised federal EV tax credit until March. The IRA re-upped the $7,500 federal EV tax credit and eliminated the previous 200,000-unit cap that a handful of automakers had already reached as of Jan.

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Luxury EV leases are already tapping into $7,500 EV tax credit

Green Car Reports

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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VW plans 25 EVs qualifying for $7,500 tax credit by 2030

Green Car Reports

by 2030, all of which will qualify for the full $7,500 federal tax credit under new Inflation Reduction Act (IRA) rules, the top U.S. Volkswagen plans to sell 25 all-electric models in the U.S. executive of VW said in an interview with Bloomberg (via Automotive News Europe). "We We have a great opportunity in the U.S.,"

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All 2023 VW ID.4 models qualify for top $7,500 EV tax credit

Green Car Reports

4 models will qualify for the highest $7,500 federal EV tax credit amount under the latest rules, VW confirmed Wednesday in a press release. 4 to qualify for the full credit amount. All 2023 Volkswagen ID.4 Local assembly of U.S.-market 4 crossover SUVs, as well as local battery sourcing, help allow the ID.4