The U.S. government has loosened some rules governing electric vehicle tax credits a bit, potentially making more EVs ...
The Biden administration has eased restrictions for its electric vehicle tax credit, giving automakers more time to adjust to ...
The exemption only applies to “impracticable-to-trace” battery minerals, like graphite, which frequently comes from China.
Editor’s note: This story was updated April 29, 2024, to reflect updates to the list of eligible vehicles ... The EV tax credit was overhauled in 2022 with new rules for buyer eligibility ...
Higher gas prices increase interest and demand for electric vehicles (EVs) while lower gas prices do the opposite. The average price of a gallon of gas in the U.S. is currently $3.54 as of March ...
The federal government is offering tax credits worth up to $7,500 to encourage Americans to buy electric ... discount on some vehicles. But not all EVs are eligible for the credit, and some ...
While sales of electric vehicles ... buyers whose vehicles are at least 12 years old or can’t pass an emissions test. Buyers can also tap into the $7,500 federal tax credit.
In addition, used versions qualify for the same federal tax credit that used electric vehicles qualify for. You can get up to $4,000, or 30% of the sales price, off a used plug-in hybrid.
The Inflation Reduction Act turned a $7,500 tax credit for new electric vehicles into an upfront discount for buyers via an advance payment of their tax break. About 90% of qualifying consumers ...
Xcel Energy might have to scale back or cancel plans for a major hydrogen production hub in Minnesota if preliminary rules for a federal tax credit don ... to a crawl." "Electric generation ...
In addition, used versions qualify for the same federal tax credit that used electric vehicles qualify for. You can get up to $4,000, or 30% of the sales price, off a used plug-in hybrid.