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Replacing Fuel Tax A Government Quandary

CleanTechnica EVs

These services are funded in part by taxes. Election promises of more services and less taxes are ludicrous. So, as the proportion of electric cars on the roads rise, what will fill the funding gap left by the loss of petrol and diesel tax? Governments provide services for their people.

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The Absurd “Sin Tax” on Electric Vehicles in Brazil

CleanTechnica EVs

In an unexpected move, Brazil has recently proposed a “sin tax” on electric vehicles. Traditionally, sin taxes are levies placed on products considered harmful to society, such as tobacco and alcohol. Rationale Behind the Tax 1.

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Clean Energy Tax Credit Concerns

Energy Institute at HAAS

households have received $47 billion in federal income tax credits … Continue Reading Clean Energy Tax Credit Concerns Credits for heat pumps, EVs and solar panels still go mostly to the wealthy. Over the last two decades, U.S.

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Tesla gives free hardware upgrades with Full Self-Driving to qualify for tax credit

Electrek

Tesla is giving free hardware upgrades for people who order the Full Self-Driving package on Model 3 Performance and Model X to qualify the vehicle for the federal tax credit tax credit.

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Tesla Model 3 LR AWD now qualifies for Point of Sale $7,500 EV tax credit

Teslarati

Tesla’s Model 3 Long Range All-Wheel-Drive configuration has appeared on the list of vehicles qualifying for the IRS’s $7,500 electric vehicle tax credit, enabling carbuyers to get their rebate in a new Point of Sale method that the agency announced late last year. Buying an EV? I’d love to hear from you!

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Hyundai, Kia confirm first US-made EVs: $7,500 tax credit eligible?

Green Car Reports

But neither brand is discussing eligibility for the $7,500 federal tax credit quite yet. Hyundai on Friday confirmed its first EV for U.S. production, while the automaker's Kia brand began U.S. EV production that same day. The Hyundai Ioniq 5 will be the first model produced at the automaker's EV "Metaplant" near Savannah, Georgia, Jose.

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Tesla embraces new immediate EV tax credit system

Teslarati

Tesla has embraced the new immediate use of the EV tax credit, which was announced last year by the IRS and Department of the Treasury. In October , the IRS and Department of the Treasury announced that it would issue new guidance regarding the EV tax credit, with the changes taking effect in 2024. Buying an EV?