Expert insights. Personalized for you.
Tax Credit Related Topics 
Green Car Reports
JUNE 14, 2022
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.
The Truth About Cars
MAY 27, 2021
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Energy Institute at HAAS
JANUARY 24, 2022
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.
Green Car Reports
JUNE 23, 2022
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).
DIY Electric Car
MARCH 22, 2021
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
Teslarati
JUNE 22, 2022
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.
Green Car Reports
MAY 28, 2021
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.
The Truth About Cars
DECEMBER 7, 2021
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.
Green Car Reports
AUGUST 4, 2021
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.
EV Adoption
NOVEMBER 26, 2021
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.
Electrek
JUNE 22, 2022
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.
Green Car Reports
OCTOBER 29, 2021
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.
InsideEVs
DECEMBER 13, 2021
With the proposed changes in Build Back Better, changes to the EV tax credit structure are imminent
EV Adoption
AUGUST 18, 2021
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).
Electrek
MAY 27, 2022
As sales of electric vehicles continue to surge, many new and prospective customers have questions about qualifying for federal tax credit on electric vehicles.
Green Car Reports
AUGUST 13, 2021
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
Green Car Reports
NOVEMBER 4, 2021
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.
InsideEVs
JUNE 13, 2022
Currently, the $7,500 tax credit phases out after selling 200,000 plug-ins
Green Car Reports
SEPTEMBER 24, 2021
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.
EV Adoption
AUGUST 18, 2021
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.
Green Car Reports
SEPTEMBER 14, 2021
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.
EV Adoption
SEPTEMBER 7, 2021
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.
Green Car Reports
JUNE 14, 2022
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.
Green Car Reports
NOVEMBER 30, 2018
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
Green Car Reports
JUNE 14, 2022
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.
EV Adoption
AUGUST 19, 2021
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.
Green Car Reports
SEPTEMBER 24, 2021
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.
Green Car Congress
MAY 21, 2021
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.
Green Car Reports
NOVEMBER 22, 2021
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.
Electrek
OCTOBER 28, 2021
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.
Green Car Reports
JUNE 27, 2019
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.
Green Car Reports
MARCH 28, 2022
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
Green Car Congress
APRIL 11, 2019
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.
Green Car Reports
JULY 16, 2020
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.
Green Car Reports
DECEMBER 16, 2021
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.
Green Car Reports
MAY 28, 2021
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.
Green Energy Consumers
JUNE 1, 2022
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.
Green Car Reports
NOVEMBER 22, 2021
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
Electrek
APRIL 11, 2022
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.
Green Car Reports
AUGUST 4, 2021
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.
Electrek
JULY 26, 2021
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.
Electrek
OCTOBER 15, 2021
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.
Electrek
NOVEMBER 19, 2021
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
106 
Let's personalize your content