Loophole: How Ineligible Electric Cars Can Still Qualify for $7,500 Tax Credit

Credit to Author: Guest Contributor| Date: Thu, 18 May 2023 02:19:09 +0000

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. After the list of EVs qualifying for the full credit was cut significantly last month, some have discovered […]

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U.S. EV Tax Credit Tool Tracks Electric Car Savings

Credit to Author: Guest Contributor| Date: Sat, 15 Apr 2023 03:50:26 +0000

Consumers have a new resource for finding plug-in electric and fuel cell vehicle tax credits. Current owners and those considering an electric vehicle purchase can access a free tool developed by ORNL researchers for fueleconomy.gov. Oak Ridge National Laboratory researchers have developed an online resource to help consumers understand the electric vehicle tax credits available […]

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10.5% Of New Vehicle Sales Now Electric Vehicle Sales In Colorado

Credit to Author: Zachary Shahan| Date: Wed, 15 Feb 2023 02:55:41 +0000

Last year, Colorado saw its EV uptake pass the symbolically important 10% marker. In the end, 10.5% of new vehicle sales in Colorado were electric vehicle sales in 2022. That’s a great result in the USA, which as a whole is closer to 6% or 7% of new vehicle sales being electric. Colorado got to […]

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How The IRS Ignored The Inflation Reduction Act & Snubbed The Most Popular Electric SUVs From The Federal Tax Credit

Credit to Author: Michael Grinshpun| Date: Wed, 11 Jan 2023 04:27:33 +0000

The classification decisions made by the Treasury are not consistent with either the letter or intent of the Inflation Reduction Act, are unfair to full battery electric vehicles, and are confusing for consumers.

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Ford Wants U.S. Government To Be Lenient With EV Tax Credit Requirements

Credit to Author: Jennifer Sensiba| Date: Thu, 24 Nov 2022 09:16:31 +0000

Ford wants the U.S. to be a bit loose in determining whether EVs comply with new EV tax credit requirements. Read on for what’s going on here. Some Background Rare-earth minerals are a big deal. By mining rare-earth minerals, we are then able to obtain the rare-earth elements needed for renewable energy, mobile devices, and […]

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Taxes on EVs Cut, Incentives Added in Australia

Credit to Author: David Waterworth| Date: Tue, 22 Nov 2022 07:57:55 +0000

Import tariffs and the Fringe Benefits Tax (FBT) will be cut on electric vehicles costing below $84,000 (AUD) in Australia. It is an exciting time to be watching the surge in EV ownership taking place as Labor makes good on its election promises. Taxes on EVs cut, incentives added — the electric future is bright. […]

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5 Things To Know About The Updated EV Charging Tax Credit

Credit to Author: Guest Contributor| Date: Wed, 21 Sep 2022 10:00:57 +0000

Article by Samantha Houston, a senior vehicles analyst for the Clean Transportation program at Union of Concerned Scientists. The Inflation Reduction Act (IRA) contains a tax credit that can be used for electric vehicle charging infrastructure. You might have missed it because its name is a bit wordy and doesn’t contain the words “electric” or […]

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