The IRS Answers All Your EV Tax Credit Questions — Sort Of

Credit to Author: Steve Hanley| Date: Mon, 09 Jan 2023 02:18:28 +0000

RAM 1500 Revolution Electric Pickup TruckIn 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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$4,000 Tax Credit For Used EVs Under $25,000 Starts Now, But When Will Tesla Model 3 Be Eligible?

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

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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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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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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Why I Think The EV Tax Credits In The Inflation Reduction Act Will Work Out

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 […]

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Understanding The New Federal Tax Credit For Electric Cars — It’s Complicated

Credit to Author: Steve Hanley| Date: Thu, 11 Aug 2022 00:50:49 +0000

electric carsThe federal tax incentives for electric cars in the Inflation Reduction Act will benefit many, but impose significant new restrictions.

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Senate KILLS the EV Tax Credit

Credit to Author: Paul Fosse| Date: Mon, 08 Aug 2022 16:15:35 +0000

Omar Qazi (@WholeMarsBlog on Twitter) has a very interesting take on the recent “Inflation Reduction Act” that is very cynical in regards to the EV tax credit. That doesn’t mean it is wrong, but it does go against my general rule of assuming people have good intentions. I’m willing to make an exception to that […]

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Elon Musk Talks Tesla DOE Loan, EV Tax Credit, & More In Part 2 Of Tesla Owners Of Silicon Valley Interview

Credit to Author: Johnna Crider| Date: Tue, 14 Jun 2022 21:22:26 +0000

Elon Musk Talks DOE Loan & More In Part 2 of Tesla Owners Of Silicon Valley's InterviewTesla CEO Elon Musk talks about the U.S. Department of Energy (DOE) loan that Tesla received once upon a time and more in the second part 2 of an interview he did with leaders from the Tesla Owners of Silicon Valley club. Tesla Owners of Silicon Valley club leaders recently interviewed Elon and are releasing […]

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