How The Federal EV Tax Credit Works at Tax Time The usual caveat applies. This is our best effort to provide updated information, but a tax professional should be consulted for a final determination. Leasing … Read more
The photo above is of the Model Y Juniper that has been published on Tesla’s website in China. Strong Finish Led to EV Sales Growth for 2024, But What Does the Future Hold? EV sales … Read more
Changes to Battery Rules and Used EV Supply 2025 will bring a large increase in the supply of eligible used EVs and new restrictions on battery critical minerals and component manufacturing.. Changes in Battery Sourcing … Read more
post by Barry Kresch CT Roundtable for Climate and Jobs Panel The CT Roundtable for Climate and Jobs recently hosted a virtual event entitled “Transportation Infrastructure and Electric Vehicles in Connecticut.” I was one of … Read more
Policy Environment for Used Electric Vehicle Incentives When the Inflation Reduction Act was drafted, it had multiple goals, which can be loosely summarized as promoting clean energy, reviving the domestic industrial base, and making clean … Read more
Federal Tax Credit for Buying/Installing EV Chargers Before the passage of the Inflation Reduction Act, every residence was eligible for a tax credit of 30% of the cost of the purchase and installation of residential … Read more
Fisker Ocean pictured above Transfer Provision Details The transfer provision is now in place for the federal incentive. This allows the buyer to transfer the tax credit to the seller and take the incentive as, … Read more
The Chevy Blazer, pictured above, is one example of a vehicle losing the incentive. Most EVs Lose Federal Incentive Eligibility Unsurprisingly, as we have been forecasting for months, many EVs lost eligibility for the federal … Read more
2023 was a notable year for the club as it produced a fully subscribed symposium and began a partnership with People’s Action for Clean Energy (PACE). Northeast Electrical Vehicle Symposium The EV Club produced … Read more
Post by Barry Kresch Beware the Disappearing Incentives There are 35 EVs (BEV and PHEV) listed as incentive-eligible by the Federal Department of Energy as of October 1, 2023. It is really fewer than that … Read more