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EIA: State tax rates for retail gasoline and diesel increased in 13 states in 2023

Green Car Congress

In January 2023, state taxes and fees on gasoline and diesel fuel averaged $0.3163 per gallon (gal) of gasoline and $0.3388/gal of diesel fuel, according to the US Energy Information Administration (EIA). These taxes have increased in 13 states since July 2022. gal), although that low tax rate will gradually increase through May 2023.

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China extends EV tax exemptions totaling $72 billion through 2027, the largest tax break to date

Electrek

China’s Ministry of Finance has confirmed that tax exemptions for New Energy Vehicles (NEVs) scheduled to expire at the end of this year have been extended through 2027. Consumers in China will now be able to take advantage of EV tax breaks amounting to over $4,000 per vehicle to start, which will dwindle down over the next four years.

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Tesla announces major changes to Model 3 tax incentives

Teslarati

Tesla has announced major changes to the tax incentives for the Model 3, which brings pricing down significantly. Tesla said that all three trim levels of the Model 3 now qualify for the full tax credit of $7,500, as previously, the Model 3 Performance was the only vehicle that qualified for this amount.

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Texas Will Tax EV Registrations to Make Up for Lost Gas Taxes

The Truth About Cars

Many states and municipalities are all-in on EVs, but the shift has some wondering how they’ll make up for the tax shortfall from falling gasoline sales. A popular solution that gets tossed around is to add a tax to EV registrations to help recoup the lost revenues, and Texas recently passed a new law to remedy the problem.

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Ombudsman says Victoria EV road tax a “dog’s breakfast” in damning assessment

The Driven EV News

Victorians who drive electric and plug-in hybrid vehicles are being slugged with unfair charges under a tax scheme the Greens say has been a "dog's breakfast" from the start. The post Ombudsman says Victoria EV road tax a “dog’s breakfast” in damning assessment appeared first on The Driven.

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Rivian CEO suggests leasing is coming soon, unlocking $7,500 EV tax credit

Electrek

more… The post Rivian CEO suggests leasing is coming soon, unlocking $7,500 EV tax credit appeared first on Electrek. Rivian’s CEO, RJ Scaringe, spoke about leasing and how it could unlock more price incentives for customers at Morgan Stanley’s 11th annual Laguna Conference.

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Germany wants tax breaks for synthetic fuels, doubts EVs will win zero emissions race

The Driven EV News

Germany says race for drive train of the future is wide open, and it wants tax breaks for synthetic fuels for internal combustion engine cars. The post Germany wants tax breaks for synthetic fuels, doubts EVs will win zero emissions race appeared first on The Driven.

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