Consumer Reports' latest vehicle reliability report comes as car buyers can take advantage of a federal tax credit worth up to $7,500 for purchasing an EV and as automakers roll out a host of new models. But consumers have been slower to adapt to EVs than expected, partly because they are...
Starting next year, drivers can transfer the credit to a dealership, thus lowering the vehicle purchase price. Drivers are eligible for the tax credit as long as the EV's sticker price is less than $55,000 for sedans and no more than $80,000 for SUVs and vans. ...
Electric vehicle charging is in the sights of lawmakers as a new source of revenue, particularly because increasing sales of electric vehicles are resulting in less gas tax revenue. Beginning July 1 in Iowa, an electric fuel excise tax of 2.6 cents per kilowatt hour will apply at public chargi...
In addition to tax and utility incentives that may be available, Chevy EVs do not need oil changes, meaning fewer scheduled maintenance visits. Plus, with the time-saving convenience of home charging, savings may become your way of life, and gas stations a thing of your past....
Yet, many consumers view high cost as a deterrent — 60% cited it as a "major reason" they wouldn't purchase an electric vehicle, or EV. More From Personal Finance: 3 ways to cut costs on 'off the charts' travel expenses Here are 2 alternatives to the $7,500 EV tax credit ...
If you’ve ever asked, “Is switching to an EV for me?” Perhaps available tax and utility incentives, less scheduled maintenance, plus the money you save on gas — or lack thereof — can help you decide. Affordability Tech at every turn ...
Electric car tax credits help you offset the cost of a new electric vehicle. Find out which EV tax credits are available.
"The car can travel as far as 460 km on one charge, equivalent to the length of Israel, the longest of any electric vehicle in the country," Jerusalem Post reported when the Chinese EV model was about to enter Israel in July 2021. ...
Drivers can save money through owning a plug-in hybrid vehicle with potential fuel savings up to $1,500 within five years.Certain BMW hybrid vehicles, such as the X5 xDrive50e, are also eligible for federal tax credits. At the state level, incentives like tax credits, grants, rebates, and...
A hybrid vehicle is an automobile that uses both an internal combustion engine and an electric motor to run. Hybrids are more fuel-efficient and have a smaller environmental impact than traditional vehicles, but they can cost the same as or less than comparable gas-powered cars. Who Are the ...