Green Car Reports

JANUARY 23, 2023

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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Tax Credit Tax Vehicles Cars 179

Green Car Reports

APRIL 20, 2023

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. 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 4 to qualify for the full credit amount.

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Tax Credit Tax SUV Batteries 172

Green Car Reports

DECEMBER 22, 2022

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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Tax Credit Tax Batteries Battery 164

Green Car Reports

APRIL 12, 2023

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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Tax Credit Tax All-Electric Europe 156

Green Car Reports

SEPTEMBER 22, 2022

Californians will vote later this year on whether to tax the wealthy to fund EV incentives and charging infrastructure. Proposition 30 would increase taxes on California residents who make over $2 million a year by 1.75% and direct the state to use that added revenue—estimated at $3.5

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Electrek

MAY 26, 2023

The automaker says EV leases are climbing as buyers take advantage of the tax credit provided by the Inflation Reduction Act (IRA). more… The post Hyundai CEO reveals US EV leases are climbing as buyers take advantage of IRA tax credit appeared first on Electrek.

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Tax Credit Hyundai Tax Electric Vehicles 111

CleanTechnica EVs

APRIL 14, 2023

Consumers have a new resource for finding plug-in electric and fuel cell vehicle tax credits. Oak Ridge National Laboratory researchers have developed an online resource to help consumers understand the electric vehicle tax credits available […]

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Tax Credit Electric Cars Tax Electric 98

CleanTechnica EVs

MARCH 31, 2023

The final version of the rules for the EV tax credit will be issued by the Treasury department on April 18.we we hope.

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Tax Credit Tax Electric Cars Electric Vehicles 131

Green Car Reports

APRIL 6, 2023

Ford on Wednesday confirmed that the F-150 Lightning electric pickup truck and Lincoln Aviator Grand Touring plug-in hybrid SUV will be eligible for the full $7,500 federal tax credit going forward, while all of its other current EVs and plug-in hybrids will be eligible for smaller amounts. Following the release of guidance from the U.S.

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F-150 Tax Credit Ford Tax 162

Electrek

APRIL 20, 2023

After submitting updated documentation, the Rivian R1S and R1T models will, in fact, qualify for at least a portion of the EV tax credit. more… The post Rivian R1T and R1S now qualify for (some) of the EV tax credit appeared first on Electrek.

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Tax Credit Tax 133

Green Car Reports

JANUARY 1, 2023

In the months even before we knew some used plug-in hybrids would be eligible for a $4,000 used EV tax credit, market interest in plug-in hybrids was on the rise, according to a recent pricing analysis.

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Tax Credit Tax PHEV Price 176

Electric Driver

MARCH 3, 2023

federal government is offering a clean vehicle tax credit to help promote the purchase of electric vehicles as an effort to reduce carbon emissions. The clean vehicle tax credit of up $7,500 depends on several factors. Here are some details on what is needed to qualify for the tax credit.

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Tax Credit Vehicles Tax Clean 111

CleanTechnica EVs

DECEMBER 27, 2022

Fitzpatrick (R) of Pennsylvania, that would provide a $2500 tax credit for off-road EV purchases. The bill reads that, “there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal […].

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Tax Credit Tax Minnesota Pennsylvania 137

CleanTechnica EVs

MAY 17, 2023

Recent changes to federal regulations deemed certain electric vehicles no longer eligible for the full $7,500 tax credit. However, a loophole has been spotted that restores eligibility to nearly any EV, whether from Tesla or other automakers.

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Tax Credit Electric Cars Tax Electric 98

CleanTechnica EVs

APRIL 19, 2023

The US federal tax credit for electric vehicles has been updated, and that means that some electric cars, trucks, and SUVs no longer qualify for the full tax credit — or even half the tax credit. Actually, most electric vehicles on the market in the United States no longer qualify!

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Tax Credit Electric Cars Electric Vehicles Fully Electric 138

Green Car Reports

FEBRUARY 3, 2023

Treasury Department on Friday announced an update on how vehicles will qualify as a car or an SUV under the revamped EV tax credit, now known as the clean vehicle tax credit.

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Tax Credit SUV Tax Price 132

Electrek

MARCH 23, 2023

Tesla told employees that it expects to lose the full $7,500 federal tax credit on its cheapest electric car because the batteries come from China. more… The post Tesla expects to lose full $7,500 tax credit on its cheapest electric car appeared first on Electrek.

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Tax Credit Electric Cars Tesla Tax 143

Teslarati

JANUARY 3, 2023

The Internal Revenue Service (IRS) is inviting consumers to share comments on the electric vehicle tax credit qualifications. In December, the IRS announced the vehicles that qualified for the 2023 EV tax credit. The graph below shows which Tesla vehicles qualify for the EV tax credit. Credit: IRS. Your feedback is welcome.

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Tax Credit Tax Electric Vehicles Tesla 129

Green Car Reports

MARCH 7, 2021

The gas tax remains one of the main funding sources for road infrastructure, which has led to cries that electric-car drivers aren't paying their fare share of road maintenance costs. A new bill circulating through the Minnesota legislature calls for an "electric fuel" tax for EVs. Minnesota's solution? Consider electricity a fuel.

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Gas-Electric Fuel Tax Tax Gas 210

Green Car Reports

JANUARY 27, 2023

Senator Joe Manchin this week introduced a bill seeking to delay federal EV tax credits, claiming the Treasury Department isn't adhering to recently enacted rules.

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Tax Credit Tax Vehicles 154

Green Car Reports

AUGUST 16, 2022

With President Biden signing the Inflation Reduction Act on Tuesday, time is nearly up to get your purchase paperwork completed for a new EV or plug-in hybrid and still earn the federal tax credit. While the revamped EV tax credit contained in the bill includes many top-level provisions that are likely to set the supply chain up for more.

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Tax Credit Plug-in Plug Hybrid 206

Green Car Reports

DECEMBER 13, 2022

The Internal Revenue Service (IRS) on Monday released an introduction for the full eligibility rules for the revamped federal EV tax credit, and it looks like automakers—as well as sellers—will have to submit a lot of reports.

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Tax Credit Tax International 161

Noodoe

MAY 1, 2023

Back to Articles Tax and EV Charging Last Updated: May 2nd, 2023 | EV Charging Management Platform Tax season is a busy time for everyone even when you schedule enough time to power through filing your documents. "Keeping up with changing tax laws in multiple states is taxing.

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Tax Charging Electric Vehicles All-Electric 52

Electrek

APRIL 11, 2023

Lawmakers in Vermont are gearing up for a mileage-based EV tax. more… The post One state is considering a mileage-based EV tax – here’s why that’s a bad idea appeared first on Electrek. There are better ways to raise funds for roads and infrastructure.

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Tax Vermont IDEA 132

Green Car Reports

MARCH 28, 2023

A trade pact could make EVs with battery materials sourced from Japan eligible for federal tax credits, the Japan Times reported Tuesday. The Inflation Reduction Act (IRA) requires major battery components and critical minerals to be sourced from countries with which the U.S.

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Tax Credit Japan Tax Batteries 134

Electrek

OCTOBER 4, 2021

The province of Saskatchewan in Canada has joined a growing number of regions around the world in levying punitive taxes against electric cars while letting gas cars continue to get away with murder. But a local group has come up with a creative way to show just how dumb their EV tax is: by demanding a tax on people who use sidewalks.

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Tax Gas-Electric Electric Cars Canada 145

Teslarati

MARCH 2, 2023

The Nevada Governor’s Office of Economic Development (GOED) Board approved a $330,250,366 million tax break for Tesla. Listed below are the taxes Tesla could generate, assuming it invests all $3.6 million in gross average annual property tax revenues $11.2 million in gross average annual sales taxes $1.1

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Nevada Tesla Tax Lithium Ion 112

Teslarati

APRIL 7, 2023

The Tesla Model 3 RWD, the most affordable vehicle in the company’s lineup, will see its federal tax credit reduced from $7,500 to $3,750, as confirmed by an update on Tesla’s official Model 3 page. The reduction in the federal tax credit for the Model 3 RWD will take effect on April 18.

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Tax Credit Tesla Tax Electric Vehicles 105

Green Car Reports

NOVEMBER 14, 2022

Congressional lawmakers are seeking to delay requirements for domestically sourced content under the revamped federal EV tax credit.

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Tax Credit Tax 155

Electrek

MAY 17, 2023

The move comes as the two automakers look to ensure EV models qualify for the IRA tax credit. more… The post Kia and Hyundai to build EVs in Mexico for IRA tax credit eligibility appeared first on Electrek.

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Tax Credit Kia Hyundai Mexico 90

Electrek

APRIL 20, 2023

VW has become the first non-US automaker that qualifies for the full $7,500 US federal EV tax credit. more… The post VW is now the first foreign carmaker to qualify for the full EV $7,500 tax credit appeared first on Electrek.

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Tax Credit Tax 124

Electric Cars Report

JANUARY 9, 2023

As of January 1, the tax credits for buying electric vehicles have undergone significant changes as a result of President Biden’s comprehensive climate legislation, which was signed into law in the previous year. These credits have existed for a while, but the recent overhaul represents a major shift.

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Tax Credit Tax Electric Vehicles Electric Cars 121

Green Car Reports

AUGUST 7, 2022

Price caps included with a proposed revamped federal EV tax credit could put pressure on automakers to produce more affordable electric models, argues a new Bloomberg report. An extension of the $7,500 credit reportedly has a good chance of moving through the Senate.

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Tax Credit Affordable Tax Price 208

Teslarati

APRIL 17, 2023

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. If it does, the Silverado EV will qualify for the IRA’s full $7,500 EV tax credit. Treasury’s proposed battery requirements for EV tax incentives. The Ultium line will likely adhere to the U.S.

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Silverado Chevrolet Tax Credit GM 105

CleanTechnica EVs

DECEMBER 22, 2022

The Inflation Reduction Act signed into law in August significantly altered the federal tax credit for electric cars. Previously, it was only available for the first 200,000 electric cars manufactured by any one automaker.

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Tax Credit Electric Cars Tax Cars 134

Green Car Reports

DECEMBER 1, 2022

Some Tesla purchases will qualify for at least $3,750 off under the revamped EV tax credit starting January 1. But the automaker on Thursday started this rolling a little early—as a discount of $3,750 on its most popular Model 3 or Model Y electric cars.

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Tax Credit Tesla Tax Electric Cars 151

Electrek

DECEMBER 29, 2022

The IRS has now released its full list of electric vehicle models eligible for the new and updated $7,500 US federal tax credit. The post Here are the Tesla models eligible for $7,500 US federal tax credit appeared first on Electrek. Here’s the list of Tesla models eligible.

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Tax Credit Tesla Tax Electric Vehicles 142