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Ev Credits

All articles tagged with #ev credits

U.S. EV Market Faces Changes as Tax Incentives Expire

Originally Published 3 months ago — by Yahoo

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Source: Yahoo

An Oregon couple nearly missed out on a $7,500 federal EV tax credit due to dealership paperwork errors, highlighting the importance for buyers to verify proper documentation when purchasing electric vehicles before the September 30 deadline, as the IRS credit program is set to expire.

California Considers State EV Rebates Amid Federal Tax Credit Uncertainty

Originally Published 1 year ago — by Fortune

Featured image for California Considers State EV Rebates Amid Federal Tax Credit Uncertainty
Source: Fortune

California Governor Gavin Newsom has proposed a plan to exclude Tesla from state EV buyer rebates, potentially reigniting tensions with Tesla CEO Elon Musk. The proposal aims to create market conditions favorable to other car manufacturers, but it could exclude Tesla due to market-share limitations. This move comes as Tesla's market share in California declines, despite still leading in EV sales. The proposal is part of a broader strategy to counter potential federal policy changes under President-elect Donald Trump, who has criticized EV subsidies.