EV tax credit expansion: Automakers ask Congress to revive effort

Green Car Reports

Although an attempted expansion of the federal EV tax credit has failed—multiple times, in recent years—in a renewed effort, automakers are asking Congress to please try again.

Senate Finance Committee Approves $12,500 EV Tax Credit Bill

The Truth About Cars

Changes include raising the federal EV tax rebate ceiling to $12,500 and opening the door for automakers who already exhausted their production quotas. The post Senate Finance Committee Approves $12,500 EV Tax Credit Bill appeared first on The Truth About Cars.

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Fighting Climate Change With Tax Credits

Energy Institute at HAAS

And the problem with swinging for the fences … Continue Reading Fighting Climate Change With Tax Credits. Can we get more carbon mileage out of politically passable climate policy? Build Back Better (BBB) prospects are not looking so good.

Union-made bonus for EV tax credit proposal is gone, Manchin confirms

Green Car Reports

Democratic senator Joe Manchin on Tuesday said a proposed $4,500 EV tax-credit bonus for union-made vehicles is now gone from the Senate's version of the Build Back Better Act, according to Automotive News (subscription required).

Tax credit for conversions

DIY Electric Car

Any chance anyone knows whether there is any kind of tax benefit you can get from an EV conversion? Hi all, new member here and trying to figure out my budget. Thanks! New Member Introductions

Tesla incentives: Extra $4,500 bonus tax credit for union-made EVs scrapped

Teslarati

US Senator Joe Manchin noted during an interview at the Capitol on Tuesday that the proposed and controversial $4,500 bonus tax credit for electric vehicles made with domestic union labor has effectively been scrapped. At this point, what we are left with is the base credit,” he said.

Proposed EV tax credit boost: $12,500 tax credit, for union labor and US-made

Green Car Reports

manufacturing infrastructure and help pivot to electric vehicles and clean energy, one outcome is looking increasingly likely: an expansion of the EV tax credit. As the Biden administration and Congressional Democrats push ahead on coordinated policy to strengthen U.S.

Elon Musk Continues Insulting Biden Admin’s EV Tax Credit Scheme

The Truth About Cars

Elon Musk has continued bashing the Biden administration’s tax credit legislation designed to spur electric vehicle adoption, this time suggesting that the entire bill be scrapped.

Legislators propose $2,500 federal tax credit for used EVs

Green Car Reports

The federal EV tax credit has thus far only been available for new vehicles, but legislation introduced last week in both houses of Congress could change that.

Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit.

The $4,500 electric car tax credit bonus for union-made EVs is not on the table anymore

Electrek

Senator Joe Manchin, who has a swing vote in the US Senate, said that the Democrats have given up on the $4,500 electric car tax credit bonus for union-made EVs as part of the Build Back Better Act. It is still unclear what reform the EV tax credit will see in the spending bill, if any.

$12,500 EV tax credit, union-built bonus included in plan Biden claims can pass Congress

Green Car Reports

A maximum $12,500 federal EV tax credit, including a bonus for union-made vehicles, appears to have survived the negotiation process and is now a likely part of the infrastructure bill.

The Definitive EV Tax Credit Guide

InsideEVs

With the proposed changes in Build Back Better, changes to the EV tax credit structure are imminent

Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV).

Here’s every electric vehicle that currently qualifies for the US federal tax credit

Electrek

As sales of electric vehicles continue to surge, many new and prospective customers have questions about qualifying for federal tax credit on electric vehicles.

Senate votes to place a $40,000 price cap on EV tax credit

Green Car Reports

Earlier this week the Senate voted to place price and household-income caps on the federal EV tax credit, as part of the $3.5 would eliminate tax credits for vehicles costing more than $40,000, and for households with more than

EV tax credit update: House proposal extended to $80,000 EVs, union-made drama remains

Green Car Reports

The most controversial part of the expanded $12,500 EV tax credit so far hasn’t been the spending itself, but the requirement that vehicles getting the top amount—$4,500 of the $5,000 boost the program is being given—will need to be union-made.

Report: GM, Ford, Stellantis And Toyota Urge Lifting EV Tax Credit Cap

InsideEVs

Currently, the $7,500 tax credit phases out after selling 200,000 plug-ins

EV tax credit boost: At up to $12,500, here’s how the two versions compare

Green Car Reports

An expansion of the EV tax credit, which has seen bipartisan support before, has been on President Biden’s CO2-cutting tasklist since before he was elected. trillion reconciliation spending bill, the credit faces an uncertain future.

Impact of Proposed Changes to the Federal EV Tax Credit – Part 1: Summary Chart

EV Adoption

A key component of the CEAA is nine proposed changes to the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) — more commonly known as the “federal EV tax credit.”. It is unclear how Tesla and GM will address this retroactive credit availability for leased EVs.

Revamped EV tax credit: Tesla, Toyota, Honda pushing back vs. union-made bonus

Green Car Reports

Honda, Tesla, and Toyota are pushing back against a proposal by Democrats in the United States House of Representatives to give union-made electric cars an additional $4,500 federal tax credit.

Proposed Changes to Federal EV Tax Credit – Part 5: Making the Credit Refundable

EV Adoption

One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. How the Current Tax Credit Works For EV Buyers.

Chevy Blazer EV, VW overtaking Tesla, tax credit revival, dynamic wireless charging: Today’s Car News

Green Car Reports

Automakers want Congress to consider the EV tax credit yet again. Dynamic wireless charging gets put to another test. GM teased a first picture of its Blazer EV. And Tesla is on top for another year or two. This and more, here at Green Car Reports.

EV Drive coalition begins lobbying effort to save tax credit

Green Car Reports

Members of the lame-duck Congress all got letters on their desks Tuesday stating why the electric-car tax credit should be revised and extended. Along with a five-point fact sheet made public Tuesday, the effort is the first salvo in a battle by the newly-formed EV Drive Coalition to extend the plug-in vehicle tax credit, which is expiring for two. GM Chevy Volt tax credit plug-in cars

EV tax credit revival, VW overtaking Tesla in EVs, wireless dynamic charging: Today’s Car News

Green Car Reports

Automakers want Congress to consider the EV tax credit yet again. Dynamic wireless charging gets put to the test. And Tesla is on top of the world—in EVs—for another year or two. This and more, here at Green Car Reports.

Proposed Changes to Federal EV Tax Credit – Part 3: MSRP Must Be Less Than $80,000

EV Adoption

Should expensive electric vehicles be excluded from the federal electric vehicle tax credit (IRC 30D)? While this question is often hotly debated on social media, the proposed changes to IRC 30D would draw a line in the sand and establish an $80,000 MSRP cap on the credit.

EV tax credit union boost, Hyundai Tucson PHEV pricing, BMW EV range: Today’s Car News

Green Car Reports

And controversy swirls over a boost being given to unions as part of the EV tax credit. A revamped version of the federal EV tax credit, lifting the. The Hyundai Tucson Plug-In Hybrid beats the RAV4 Prime on affordability.

Lawmakers introduce bill to provide blender’s tax credit for Sustainable Aviation Fuel

Green Car Congress

The legislation would create a tax credit starting at $1.50 In order to incentivize innovation and greater reductions in greenhouse gas emissions, the legislation provides an additional credit of $0.01/gallon for each percentage the fuel reduces emissions over 50%. As an example, SAF that reduces emissions by 70% would receive a credit of $1.70/gallon. The tax credit would expire at the end of 2031.

EV tax credit details, automakers' CAFE credit glut, hybrid thefts: Today’s Car News

Green Car Reports

And will the EV tax credit include that union-made bonus? The House version of the Build Back Better Act passed last week includes a tax. Automakers aren’t doing all they can to raise mpg, according to a new EPA report. Hybrids are hot for car thieves right now.

Proposed US tax credit for electric bikes back up to 30%, capped at $1,500 incentive

Electrek

After being cut in half, a proposed US tax credit for new electric bicycle purchases has been bumped back up to a full 30%. more… The post Proposed US tax credit for electric bikes back up to 30%, capped at $1,500 incentive appeared first on Electrek.

Battle over EV tax credit pits automakers against oil interests

Green Car Reports

The possibility of an extension for the $7,500 federal EV tax credit has recently intensified lobbying efforts in Washington D.C.—and Plug-In Hybrids EV tax credit—and pitted the efforts of the auto industry soundly against those of the oil and gas industry. So reports the Washington Post. According to its report this week, the powerful companies and interests opposing the.

Toyota and Nissan EVs: With $7,500 tax credit phaseout soon, don’t miss the affordability window

Green Car Reports

That’s because both brands are getting quite close to a sales barrier that will no longer allow buyers to claim the full $7,500 federal EV tax credit—which could make quite a difference for those considering a Toyota bZ4X or Nissan Ariya

New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. Under current law, consumers may receive a tax credit of up to $7,500 if they purchase an eligible electric vehicle. The bill maintains the $7,500 tax credit for the first 200,000 units sold.

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Biden plan would broaden EV tax credit, include Cash for Clunkers reboot

Green Car Reports

Joe Biden announced a broad environmental plan Tuesday that includes provisions to broaden the federal electric-car tax credit and revive the "Cash for Clunkers" program.

GMC Sierra EV, Lucid Air, cold-weather EV range, tax-credit stalls: Today’s Car News

Green Car Reports

The EV tax credit could be stalled for months in the Senate. The Lucid Air is a Best Car To Buy Finalist. We get a first look at an all-electric GMC Sierra. And how much does cold weather affect EV range? This and more, here at Green Car Reports.

EV tax credit boost, Tesla Vision fail, Tesla and Texas: Today’s Car News

Green Car Reports

And will Americans be able to get up to $12,500 with a re-upped EV tax credit? Legislation currently advancing in the Senate includes a provision to give the EV tax credit a big. Texas doesn’t budge for Tesla.

Heads up: the federal EV tax credit for toyota is about to phase out

Green Energy Consumers

If you are looking to purchase an electric vehicle from Toyota, like the Toyota Prius Prime or the Toyota RAV4 Prime, you should know that the federal tax credit will soon start phasing out.

Used EV tax credit, union-built bonus part of House social and climate bill now headed to Senate

Green Car Reports

The infrastructure and social policy bills passed by the United States House of Representatives this week include many EV provisions, from investments in charging infrastructure to a rejuvenated EV tax credit. 5376) replaces the current federal EV tax credit with a new one that

Federal tax credits will soon be phased out for Toyota EV customers in the US

Electrek

According to recent comments from Toyota North America, the automaker expects to surpass the 200,000 vehicle threshold for EV sales sometime this summer, disqualifying itself from any additional tax credits in the United States under current legislation.

Nissan Leaf price cut, 40-mpg Maverick pickup supply, used EV tax credit: Today’s Car News

Green Car Reports

An EV tax credit could soon extend to used vehicles. The 40-mpg versions of the Maverick hybrid pickup might be hard to find. And the Leaf is now the lowest-priced EV in the U.S. market. This and more, here at Green Car Reports.

New 30% tax credit for electric bicycles makes progress in US Senate

Electrek

Remember that proposed 30% tax credit for electric bicycles in the US? more… The post New 30% tax credit for electric bicycles makes progress in US Senate appeared first on Electrek.

Congressman ‘frustrated’ with reduced electric bike tax credit in US, but calls it progress

Electrek

The original sponsor of a bill introducing a 30% tax credit for electric bicycle purchases recently commented on the current state of the proposed legislation, calling it frustrating but expressing hope at the progress it indicated.

‘Build Back Better Act’ passes House, EV tax credit faces US Senate next

Electrek

The Build Back Better bill, which includes robust changes to federal tax credits for EVs, will now face the Senate, where two vital Democrats have already shared that they are undecided on their vote. The US House of Representatives passed the $1.9