Consider this your last warning: If you're planning on getting a charging station for a plug-in electric car, you only have 30 days. More specifically, at least, you'll have to get it up and running by December 31 this year in order to take advantage of a Federal income-tax credit ...
FILE-A Hyundai Ioniq battery electric vehicle (BEV) charges at an Ionity GmbH electric car charging station at Skelton Lake motorway service area on April 26, 2022 in Leeds, England. (Christopher Furlong/Getty Images) The U.S. Treasury Departmenthas pushed back the release of guidance for the...
Under the Inflation Reduction Act (IRA), the EV Tax Credit was extended for several more years. It will also be expanded to cover both new and used cars. The original EV tax credit, known as the plug-in electric vehicle credit, has been rebranded to the
What’s new Najman says, is that “bidirectional charging equipment, which lets you power your home or appliances with your electric car, is now included.” Equipment that enables bidirectional charging is pricey. Installing both the Ford Charge Station Pro and the Home Integration system for the...
The following information was released by the Nebraska Unicameral Legislature: Nebraska would qualify for federal funding intended to establish a national electric vehicle charging network under a bill heard Feb. 22 by the Revenue Committee. LB1218, spon
bob thalman, a 20-year-old university student, expects he will get a refund of about 100, which will probably go in the bank, or perhaps be used to pay for car insurance or credit card bills. thalman called the whole process a "hassle", but added that he didn't wat to test the...
Is installing an EV charging station tax deductible? In short, it used to be. When electric cars and hybrid vehicles started becoming more popular, the federal government offered incentives for home charger installations. The previous federal income tax incentive was a tax credit of up to $1,00...
This is also the case for fueling your electric car with solar energy. The actual charging port will be installed and connected to the inverter so that it can draw the electricity and send it into the electric car’s battery. Another option however, is to use a product like the new ...
"More details and specifics will come closer to production," said Hyundai Motor America to Green Car Reports. Kia did earlier last year anticipate that U.S.-built EV9s will qualify for the tax credit. But that was prior to federal guidance, issued in December, that started applying January...
CAR DEALERS THROW COLD WATER ON ELECTRIC VEHICLES VERSUS GAS OPTIONS: ‘I WOULDN’T FEEL SAFE' A gas station in Falls Church, Va., in October 2022.(Reuters/Kevin Lamarque / Reuters Photos) "The middle class, the low income, they can't afford gas to go to school, work or grocery or...