credits

EV tax credits just got totally revamped. Here's what car buyers need to know

EV tax credits just got totally revamped. Here’s what car buyers need to know

The old credit offered $7,500 for new electric vehicle buyers until their automaker hit a 200,000 limit for available tax credits. Plug-in hybrid buyers received a smaller credit. The new law also imposes new restrictions on the price of vehicles, as well as limits on the income of the buyer. How can I qualify for …

EV tax credits just got totally revamped. Here’s what car buyers need to know Read More »

Yes, the new electric vehicle tax credits are really confusing, but we can help

Yes, the new electric vehicle tax credits are really confusing, but we can help

Are you in the market for a new electric car? Great! EVs are swiftly becoming the most sought-after new vehicle. They’re fun to drive and are clearly better for the environment than whatever gas-powered beater you’ve got darkening your driveway. But shopping for a new EV is hard — expensive! limited supplies! wait lists?? — …

Yes, the new electric vehicle tax credits are really confusing, but we can help Read More »

EV credits are now harder to come by. These buyers snuck in deals under the wire. | CNN Business

EV credits are now harder to come by. These buyers snuck in deals under the wire. | CNN Business

Washington, DC CNN Business  —  President Biden signed into law the Inflation Reduction Act on Tuesday, and it will reshape the electric vehicle tax credit. Automakers and consumers have scrambled in the last week to brace for its impact. Some car buyers are relieved to have finalized purchases before today, when qualifying became generally more …

EV credits are now harder to come by. These buyers snuck in deals under the wire. | CNN Business Read More »

EV credits are now harder to come by. These buyers snuck in deals under the wire.

EV credits are now harder to come by. These buyers snuck in deals under the wire.

Automakers and consumers have scrambled in the last week to brace for its impact. Some car buyers are relieved to have finalized purchases before today, when qualifying became generally more difficult. Automakers like Volkswagen, Nissan, Rivian, Vinfast and Lucid have helped buyers accelerate purchases so they didn’t miss out on the final hours of the …

EV credits are now harder to come by. These buyers snuck in deals under the wire. Read More »

Toyota just started its BEV program, but it wasted all its tax credits on hybrids

Toyota just started its BEV program, but it wasted all its tax credits on hybrids

Toyota has sold its 200,000th plug-in car in the US, meaning its access to the $7,500 federal tax credit will sunset over the course of the next 15 months. The company joins Tesla and GM in no longer qualifying for credits, with Ford and Nissan also expected to hit the limit later this year. The …

Toyota just started its BEV program, but it wasted all its tax credits on hybrids Read More »

Automakers and climate activists agree on need for Congress to extend electric vehicle tax credits

Automakers and climate activists agree on need for Congress to extend electric vehicle tax credits

It’s not often that environmentalists and automakers find themselves on the same side of an issue, especially one related to climate change. But when four of the world’s largest automakers sent a letter on Monday to the leadership of both parties in Congress asking for an increase in the cap on how many electric vehicles …

Automakers and climate activists agree on need for Congress to extend electric vehicle tax credits Read More »