Posts by Tag: Electric Car Tax Credit»

Automotive

U.S. Government Issues $135 Million in Advance EV Tax Rebates Since Start of 2024

U.S. Government Issues $135 Million in Advance EV Tax Rebates Since Start of 2024

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The U.S. government has advanced steps to incentivize the adoption of electric vehicles (EVs) by issuing approximately $135 million in advance point-of-sale consumer tax credit payments since the beginning of  Full Article »

Automotive

GM Offering $7,500 Incentive for EVs That Lost Their Tax Credit

GM Offering $7,500 Incentive for EVs That Lost Their Tax Credit

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General Motors (GM) has announced a $7,500 incentive for its electric vehicles (EVs) that recently lost their eligibility for a U.S. government tax credit. The U.S. Treasury released guidelines in  Full Article »

Automotive

More Electric Vehicles Are Losing Tax Credits, Including Nissan, Tesla, & GM EVs

More Electric Vehicles Are Losing Tax Credits, Including Nissan, Tesla, & GM EVs

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Several electric vehicle models, including popular ones like the Nissan Leaf, Tesla Cybertruck All-Wheel Drive, some Tesla Model 3s, and the Chevrolet Blazer EV, have recently lost eligibility for tax  Full Article »

Automotive

Maine Considering California-style Regulations to Limit Gas-Powered Vehicle Sales Boosting EV Adoption

Maine Considering California-style Regulations to Limit Gas-Powered Vehicle Sales Boosting EV Adoption

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Maine is currently deliberating whether to embrace California-style regulations aimed at significantly restricting the sale of new gas-powered vehicles, with the goal of promoting electric vehicle (EV) adoption. Scheduled for  Full Article »

Automotive

Ford: Unlikely that Mustang Mach-E EV Will Qualify for US Federal Tax Credits in January

Ford: Unlikely that Mustang Mach-E EV Will Qualify for US Federal Tax Credits in January

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Ford Motor Company has announced that it is unlikely that its Mustang Mach-E electric vehicles currently available in dealer showrooms will qualify for federal tax credits in January. This revelation  Full Article »

Automotive

U.S. Energy Department Attempts to Boost EV Battery Industry with Additional $3.5 Billion in Funding

U.S. Energy Department Attempts to Boost EV Battery Industry with Additional $3.5 Billion in Funding

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The U.S. Department of Energy is taking substantial steps to bolster the domestic electric vehicle (EV) battery industry by announcing an additional $3.5 billion in funding. This initiative is aimed  Full Article »

Automotive

Getting A $7500 Electric Vehicle Tax Credit Will Be Easier to Get and Instantaneous

Getting A $7500 Electric Vehicle Tax Credit Will Be Easier to Get and Instantaneous

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Getting a $7,500 tax credit for purchasing an electric vehicle (EV) is set to become a quicker and more accessible process, thanks to changes in the tax incentive system. Starting  Full Article »

Automotive

U.S. Treasury Department Issues New EV Tax Credit Guidance

U.S. Treasury Department Issues New EV Tax Credit Guidance

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The U.S. Treasury Department has recently issued pivotal guidance that promises to reshape the electric vehicle (EV) landscape in the United States. On Friday, the department unveiled new directives regarding  Full Article »

Automotive

Tesla Could Cut Prices Again by Tapping into Biden Tax Credits

Tesla Could Cut Prices Again by Tapping into Biden Tax Credits

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Tesla CEO Elon Musk is considering another round of price cuts for electric vehicles in response to economic uncertainty. He believes it is reasonable to prioritize higher vehicle production over  Full Article »

Automotive

Tesla: Model 3 Consumer Tax Credits Could be Reduced After 2023

Tesla: Model 3 Consumer Tax Credits Could be Reduced After 2023

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Tesla has recently announced that the federal tax credits available for purchasing their popular Model 3 electric vehicles are expected to be diminished following December 31st. This update was shared  Full Article »

Automotive

Almost 13,000 Falsely Claim Electric Car Tax Credit

Almost 13,000 Falsely Claim Electric Car Tax Credit

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Imagine that: nearly 13,000 Americans tried to scam the government in the first half of 2010 by claiming they purchased an electric car. The false claims amounted to about 20%  Full Article »

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