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Here is an overview of the new EV tax credit for 2023

Electric Cars Report

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.

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IRS invites consumers to comment on EV tax credit qualifications

Teslarati

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.

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ICCT study urges taxing frequent fliers to decarbonize aviation fairly

Green Car Congress

A tax on frequent flying could generate revenues needed to deeply decarbonize aviation through midcentury while concentrating the cost burden on those who fly the most, according to a new study from the International Council on Clean Transportation.

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New tax deals deliver $10,000 saving for Tesla Model Y, makes EVs as cheap as Mazda 3

The Driven EV News

The new fringe benefit tax exemption passed by parliament on Monday will deliver significant savings for EV buyers. The post New tax deals deliver $10,000 saving for Tesla Model Y, makes EVs as cheap as Mazda 3 appeared first on The Driven.

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What EV Buyers Need to Know About the $7,500 EV Tax Credit

Clean Fleet Report

One of the most intriguing of these changes for car buyers is a revamped electric vehicle (EV) tax credit. How Much Can You Get from the EV Tax Credit? The new EV tax credit, like the one that preceded it, offers up to $7,500 for electric passenger cars and light trucks.

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Texas considers EV tax, and EV owners are on board

Teslarati

The Texas State Legislature is considering levying a tax against EV owners to fund road upkeep and improvement, and EV owners are on board. EV owners would be paying for the same benefits via this tax. It’s unclear if this European-style tax system will come to the U.S.,

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IRS seeks feedback on clean hydrogen production tax credit

Green Car Congress

The US Department of the Treasury and the Internal Revenue Service (IRS) have released three notices requesting public input on several tax credit provisions in the Inflation Reduction Act (IRA). These notices provide an opportunity for the public to give feedback on how to implement these tax incentives, which have the potential to accelerate the deployment of clean energy in the United States.

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The Victoria electric vehicle road tax is emerging as a new Robodebt fiasco

The Driven EV News

The implementation of Victoria's "EV tax" has been a complete disaster, with multiple and idiotic debt notices issued - just like Robodebt. The post The Victoria electric vehicle road tax is emerging as a new Robodebt fiasco appeared first on The Driven.

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Used PHEV prices rose ahead of $4,000 tax credit eligibility

Green Car Reports

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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Study finds EV buyers want rebates, not tax credits; government could have saved $2B

Green Car Congress

A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. The study also found that whereas time-delayed incentives like federal tax credits favor wealthier buyers, immediate incentives like direct rebates were strongly preferred by used car buyers and buyers with lower incomes.

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Should a tax on the rich help build EV infrastructure?

Green Car Reports

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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Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

Green Car Congress

The US Senate has passed the Inflation Reduction Act, with nearly $400 billion in funding over 10 years for climate- and energy-related programs; among the myriad provisions in the 755-page bill are changes to the electric vehicle Federal tax credit of $7,500. Many of our reservation holders are looking forward to the tax advantages of purchasing an electric vehicle.

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CT legislature passes highway usage tax on heavy trucks

Green Car Congress

The Connecticut General Assembly has passed HB 6688 , a bill that imposes a highway use tax (HUT) on every carrier for operating, or causing to be operated, certain heavy, multi-unit motor vehicles (Class 8-13) on any highway (i.e., The bill establishes per-mile tax rates that increase based on vehicle gross weight, ranging from $0.025 per mile for vehicles weighing 26,000-28,000 lbs to $0.175 cents per mile for vehicles weighing more than 80,000 lbs.

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Is Louisiana Planning To Charge EV Owners $400/Y While Rejecting Increased Gas Taxes?

EV Obssesion

Recently, there was a bill proposed to increase gasoline taxes and tax EV owners $400 per year to own an EV in the state. The post Is Louisiana Planning To Charge EV Owners $400/Y While Rejecting Increased Gas Taxes? Louisiana is well known for having severely bad roads.

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Electric Vehicle Federal Tax Credit: Explained

Electric Driver

You may be wondering what is an electric car federal tax credit. The US government provides people incentives to switch from gas to electric cars and will give you up to a $7,500 tax credit to make the change.

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Road tax for EVs coming in 2025

Discover EV

Electric car drivers to pay road tax from 2025

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Study finds limiting warming to 2 °C would require at least a $200/t carbon tax globally

Green Car Congress

The social cost of carbon has become the standard measure to benchmark the magnitude of the carbon taxes needed to implement optimal carbon policy. carbon taxes of the magnitude needed to achieve the Paris Agreement goals involve very large inter-temporal transfers.

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Bill seeks delay of EV tax credit American sourcing rules

Green Car Reports

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

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Lucid: order your Air now before the federal tax credit goes away

Green Car Congress

Among the many provisions of the bill is the revamping of the federal EV tax credit to require, among many other things, an MSRP of less than $55,000 for cars and $80,000 for SUVs and trucks. Once the bill becomes law, the Lucid Air—with an MSRP of $87,400—will no longer qualify for this federal tax credit. On Friday, the House of Representatives passed the Inflation Reduction Act; President Biden is expected to sign it into law this coming week.

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IRS: 2023 EV tax credit needs reporting from automakers, sellers

Green Car Reports

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 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

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Luxury EV leases are already tapping into $7,500 EV tax credit

Green Car Reports

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. It added price caps of $55,000 for cars and.

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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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Cut the Electricity Tax, not the Gas Tax

Energy Institute at HAAS

You may have heard the growing talk in Washington DC and state capitals of temporarily suspending federal and … Continue Reading Cut the Electricity Tax, not the Gas Tax. A more effective way to help struggling families, without undermining climate goals.

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Could an "electric fuel" tax for EV use help states solve the gas-tax dilemma?

Green Car Reports

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.

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Cars assembled outside NA may qualify for EV tax credit, per new IRS note

Electrek

The US Treasury has released new guidelines on the electric vehicle tax credit in the Inflation Reduction Act , which seem to suggest that leased vehicles can qualify for the EV tax credit even if they were assembled outside of North America, Reuters reports.

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Tax Me Baby One More Time!

Energy Institute at HAAS

What is the right carbon tax? Under consideration were the $400 proposed rebate for each car … Continue Reading Tax Me Baby One More Time I contemplated a number of doom and gloom topics for my post this week.

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Tesla offers $3,750 December discount—same as EV tax credit

Green Car Reports

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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Here are the Tesla models eligible for $7,500 US federal tax credit

Electrek

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.

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Is A Tax On Electricity (kWh) Consumed The Best Way to Supplement the Fuel Tax for Electric Vehicles?

EV Adoption

As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fuel taxes as drivers of gas-powered cars do at gas stations. Declining Fuel-Tax Revenues: Beyond Electric Vehicles.

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Maryland, Georgia suspend state gasoline and diesel tax

Green Car Congress

On Friday, Maryland Governor Larry Hogan signed emergency bipartisan legislation ( SB1010 / HB1486 ) to suspend immediately the state of Maryland’s gasoline and diesel tax for 30 days. cents per gallon tax for gasoline, and the 36.85 cents per gallon tax for diesel fuel. The governor has submitted a supplemental budget to fund the gas tax suspension, which is expected to cost nearly $100 million.

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The tax credit is unlikely to return for these EVs and plug-in hybrids

Green Car Reports

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.

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Inflation Reduction Act mandates escalating battery critical mineral requirements to qualify for EV tax credit

Green Car Congress

The Inflation Reduction Act , which the Senate passed last week, revamps the electric vehicle Federal tax credit of $7,500 ( earlier post ). Among the changes are an extension of the tax credit through 2032, the removal of the unit-sales cap of 200,000 per OEM, and a new mandate for qualified cars being assembled in North America.

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Senate improves EV tax credit in largest climate bill ever

Electrek

The Senate has voted to pass the Inflation Reduction Act, which includes nearly $400 billion over 10 years in funding for climate and energy related programs, and an extension and improvement of the US electric car tax credit.

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Here are all the used EVs that qualify for the new $4,000 tax credit

Electrek

January 1, 2023 marked the dawn of another year for the world, but in the realm of EVs, more specifically purchases made by US consumers, the date kicked off a fresh start of new tax credits for vehicles both new and used.

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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.

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Canadian group satirizes Saskatchewan’s dumb EV tax by suggesting a sidewalk tax

Electrek

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.

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US Treasury delays EV battery guidance, more vehicles could qualify for 2023 tax credits

Electrek

The United States Treasury department announced it will delay its guidance in regard to the sourcing requirements for battery materials in order for EVs to qualify for federal tax credits.

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Nepal new budget: removes tax hikes on EVs, waives renewal & road tax for 5 years

Electric Vehicles India

Nepal new budget: removes tax hikes on EVs, waives renewal & road tax for 5 years. Exemption of renewal and road taxes for five years if an existing petroleum vehicle switches to battery power.

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DOE: Average annual gasoline taxes paid per vehicle, by state, 2019

Green Car Congress

The Federal tax on gasoline is 18.4 cents per gallon, and each state has a gasoline tax, ranging from 8.95 Since taxes are charged on a per-gallon basis, someone with a more efficient vehicle will pay less in taxes over the course of a year.

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Everyone Should Pay a “Solar Tax”

Energy Institute at HAAS

Regular readers of this blog are well aware that the California Public Utilities Commission (CPUC) published a proposed decision on reforming net … Continue Reading Everyone Should Pay a “Solar Tax”. Monthly connection fees are good for the climate.

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GM hikes 2023 Chevy Bolt EV price as $7,500 tax credit returns

Green Car Reports

The 2023 Chevrolet Bolt EV once again qualifies for the federal EV tax credit, but now it's also getting a small price increase. General Motors lost eligibility for the $7,500 credit when it reached the 200,000-unit sales cap that was previously in place.

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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.