EV tax credit will drop again for Chevrolet Bolt EV September 1

2019 Chevrolet Bolt EVGeneral Motors is facing a slightly stronger headwind in its ability to sell electric vehicles—and, perhaps, make money from them. EVs and plug-in hybrids from the automaker that are delivered starting September 1 will only be eligible for a $1,875 credit amount, versus the $3,750 they’ve been eligible for since April 1 of this year...

EV tax credit will drop again for Chevrolet Bolt EV October 1

2019 Chevrolet Bolt EVIn a little more than a month, General Motors will face a slightly stronger headwind in its ability to sell electric vehicles—and, perhaps, make money from them. EVs and plug-in hybrids from the automaker that are delivered starting October 1 will only be eligible for a $1,875 credit amount, versus the $3,750 they’ve been eligible for...

Federal tax credit on Tesla models set to ratchet down again July 1

2018 Tesla Model S and 2018 Tesla Model XBuyers who want to buy a Tesla have only a few days to take delivery if they want to earn a federal tax credit of $3,750 after they buy. Tesla is in the midst of the phase-out of its federal tax credit after it surpassed selling a cumulative total of 200,000 cars last June. The $1,875 credit on Teslas will last from July 1 to December 31, before...

Battle over EV tax credit pits automakers against oil interests

U.S. Capitol BuildingThe possibility of an extension for the $7,500 federal EV tax credit has recently intensified lobbying efforts in Washington D.C.—and pitted the efforts of the auto industry soundly against those of the oil and gas industry. So reports the Washington Post. According to its report this week, the powerful companies and interests opposing the...

“What kinds of EV incentives are most effective?” Take our Twitter poll

Carpool lanes I-5, Seattle, Washington [Credit: SounderBruce-Wikimedia Commons]On Monday, we took a look at how electric cars have become the new norm in Norway. There, they've moved beyond early adopters and die-hards to the early mass market. In Norway, 31.2 percent of new-car buyers chose an electric car. It's like this not just because of new incentives for electric-car buyers, including as exemptions from sales...

How did that EV purchase affect your tax bill? Twitter poll results

Image from 2017 Chevrolet Bolt EV electric-car ad by Ourisman Chevrolet, Rockville, MarylandElectric-car sales skyrocketed in the U.S. last year as Tesla Model 3 production ramped up. The growth came not only as Tesla's production blew through its allotment of federal tax credits, but also as changes based on the 2017 tax law raised many taxpayers' tax bills, come last month. Anecdotally, we heard complaints from quite a few readers who...

Polestar will qualify for $7,500 electric-car credit separately from Volvo

Polestar 2The 2021 Polestar 2 will look and feel a lot like a Volvo, but federal and state regulators won't treat it like one in the U.S. when it comes to qualifying for various green-car incentives. The biggest incentive is the $7,500 offered as an Internal Revenue Service tax credit for the first 200,000 electric cars sold by an automaker. READ MORE: 2020...

Commentary: Overdue for reform, EV tax credit needs reasonable limits

2019 Chevrolet Bolt EVNow that the federal plug-in tax credit has begun to wind down on the U.S.-made Chevrolet Bolt EV, members of Congress propose to do something about it. Democrats have proposed several bills in Congress to remove the manufacturer-based 200,000-car cap on the credits and extending them for 10 years, and a new proposal by California Democrat Ro...