ev tax credits – Page 3

EV Tax Credits To Boost Domestic Battery Manufacturing

February 15, 2023 admin batteries, battery manufacturing, clean transport, Energy Storage, ev tax credits, ford, green economy, inflation reduction act of 2022., lithium-ion batteries, Manufacturing, tesla

Credit to Author: Guest Contributor| Date: Sat, 11 Feb 2023 19:05:07 +0000

Recently passed legislation in the US has created updated requirements on electric vehicle tax credits, but one hugely underlooked factor of the act includes its incentives for battery manufacturing. Huge federal investments into domestic battery manufacturing are expected to drive production costs down in the coming years, making EVs more affordable and appealing to consumers. […]

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Treasury Now Classifies Tesla Model Y As An SUV

February 7, 2023 admin clean transport, electric cars, Electric vehicles, ev tax credits, policy & politics, tesla, tesla model y

Credit to Author: Steve Hanley| Date: Fri, 03 Feb 2023 23:12:06 +0000

Last month, the Treasury Department said the Tesla Model Y was a passenger car for tax credit purposes. Now it has changed its mind.

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

January 13, 2023 admin cars, clean transport, electric cars, Electric vehicles, ev subsidies, ev tax credits, inflation reduction act of 2022., IRS, policy & politics, subsidies, us ev 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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The IRS Answers All Your EV Tax Credit Questions — Sort Of

January 11, 2023 admin cars, clean transport, electric cars, Electric vehicles, ev tax credit, ev tax credits, inflation reduction act of 2022., policy & politics, subsidies, us ev tax credit

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.

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GM Disagrees With Treasury & IRS On What Is An SUV

January 11, 2023 admin cadillac lyriq, cars, clean transport, electric cars, Electric vehicles, ev tax credits, gm, inflation reduction act of 2022., policy & politics, subsidies, us ev tax credit

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.

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$4,000 Tax Credit For Used EVs Under $25,000 Starts Now, But When Will Tesla Model 3 Be Eligible?

January 4, 2023 admin cars, clean transport, electric cars, Electric vehicles, ev tax credit, ev tax credits, policy & politics, subsidies, us ev tax credit

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 […]

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New Treasury EV Federal Tax Credit Rules May Benefit Foreign Automakers

January 3, 2023 admin cars, clean transport, electric cars, Electric vehicles, EU, European Union, ev tax credit, ev tax credits, gm, inflation reduction act of 2022., policy & politics, subsidies, tesla, us ev tax credit

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.

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New Bill Promises $2500 Tax Credit For Off Road EVs

December 30, 2022 admin clean transport, Electric vehicles, ev tax credits, polaris, policy & politics, tax credit

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 […]

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Federal Tax Credit Rules For Electric Cars Delayed Until March

December 25, 2022 admin cars, clean transport, electric cars, Electric vehicles, ev tax credits, inflation reduction act of 2022., policy & politics

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 […]

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

November 27, 2022 admin batteries, China, clean transport, Electric vehicles, Energy Storage, ev subsidies, ev tax credits, ford, green economy, inflation reduction act of 2022., lithium-ion batteries, Manufacturing, policy & politics, Russia, subsidies, us ev tax credit

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 […]