Credit to Author: Steve Hanley| Date: Mon, 09 Jan 2023 02:18:28 +0000
In an effort to clear up confusion about the new federal tax credit for electric cars, the IRS has issued new guidelines for taxpayers.
Credit to Author: Steve Hanley| Date: Sun, 08 Jan 2023 16:15:35 +0000
The question of the hour is, when is an SUV not an SUV? If you are Cadillac, the answer can make a significant difference to customers.
Credit to Author: Paul Fosse| Date: Mon, 02 Jan 2023 06:55:42 +0000
Electric vehicles (EVs) have become increasingly popular in recent years due to their environmental benefits and cost savings on “fuel,” among other reasons. However, the upfront cost of purchasing a new EV can be prohibitively expensive for some consumers. As a result, many people opt to purchase a used EV in order to take advantage […]
Credit to Author: Steve Hanley| Date: Sat, 31 Dec 2022 08:20:08 +0000
The Treasury Department is writing rules for the federal EV tax credit that some think are not in line with the intent of the IRA.
Credit to Author: Jo Borrás| Date: Tue, 27 Dec 2022 22:30:35 +0000
Minnesota congressman Dean Phillips (D) has introduced a bipartisan bill co-sponsored by Representative Brian K. 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 […]
Credit to Author: Steve Hanley| Date: Thu, 22 Dec 2022 16:45:54 +0000
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. Tesla exceeded that limit in January, 2020, General Motors exceeded the limit in April, 2020, and Toyota exceed it in October […]
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 […]
Credit to Author: Jennifer Sensiba| Date: Thu, 11 Aug 2022 01:50:38 +0000
There has been a lot of debate over the revamped EV tax credits we’re going to see as part of the recently passed Inflation Reduction Act. While there were many other things in the bill, including a controversial expansion of the IRS, the cleantech world has been focused on how the bill will affect electric […]
Credit to Author: Steve Hanley| Date: Thu, 11 Aug 2022 00:50:49 +0000
The federal tax incentives for electric cars in the Inflation Reduction Act will benefit many, but impose significant new restrictions.
Credit to Author: Jo Borrás| Date: Tue, 09 Aug 2022 16:20:13 +0000
Rivian think it’s figured out a way to get pre-order holders a $7,500 tax credit.