The classification decisions made by the Treasury are not consistent with either the letter or intent of the Inflation Reduction Act, are unfair to full battery electric vehicles, and are confusing for consumers.
In an effort to clear up confusion about the new federal tax credit for electric cars, the IRS has issued new guidelines for taxpayers.
The question of the hour is, when is an SUV not an SUV? If you are Cadillac, the answer can make a significant difference to customers.
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 … [continued]
There’s something that’s been bugging me the last couple of days on social media. I don’t mean bugging me a little. I also don’t mean bugging me like Steve Urkel bugs Carl Winslow on Family Matters (in other words, a lot). It’s more like those annoying street preachers who call … [continued]
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.
Changes to the federal tax credit for electric vehicles have introduced lots of new provisions. Here’s what we know so far.
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 … [continued]
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 … [continued]
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 … [continued]
