U.S. Treasury Details EV Tax Credit Rebate Rules
The U.S. Treasury Department on Friday issued new guidance on how a $7,500 electric vehicle tax credit can be used as a point-of-sale rebate starting in January.Currently, consumers can only take advantage of the $7,500 new EV credit or $4,000…
Florida To See Less Gas Tax Money As More Electric Vehicles Hit The Road
As more motorists drive electric vehicles, the change could put a dent in gasoline taxes, which play a key role in funding transportation projects in Florida, according to an analysis by state economists. The analysis, compiled by the state Revenue…
US Confirms All Tesla Model 3 Vehicles Qualify for $7,500 Tax Credit
The Biden administration confirmed Tuesday that all Tesla Model 3 vehicles now qualify for $7,500 electric vehicle consumer tax credits after two versions saw credits fall in half. In April, new battery sourcing rules went into effect that lowered the…
How Almost Any Electric Vehicle Can Qualify For The $7,500 EV Tax Credit
When new requirements for the EV tax credit took effect in April, the number of electric vehicles that qualified for the $7,500 tax break dropped dramatically. Right now only about a dozen cars, mostly from US automakers, are on the IRS’ official list. But…
South Korea, U.S. In ‘Intense Conversation’ Over EV Tax Credits, Ambassador Says
South Korean officials are working closely with the U.S. government to adjust restrictive regulations on electric vehicles under the recently passed Inflation Reduction Act, according to the county’s ambassador. Cho Tae-Yong, ambassador of the Republic of Korea to the U.S.,…
Here’s Why A New $40,000 Electric Vehicle Tax Credit For Business Owners May Be relatively Easy To Get
Business owners will be able to avail themselves of a new tax credit for electric vehicles starting next year — and it should be easier to get than a similar tax break for consumer households buying “new clean” passenger cars,…
