06 Jul '18, 4pm

Steve Hanley Explains the Federal EV Tax Credit

Steve Hanley Explains the Federal EV Tax Credit

The Federal EV Tax Credit And You — CleanTechnica Explains It All Way back in 2005, Congress enacted an EV tax credit to encourage people to buy hybrid cars like the Toyota Prius. That program expired in 2009 and was replaced by a similar program designed to encourage the purchase of plug-in hybrid and battery electric cars. Notice this is not a tax deduction, which reduces a person’s taxable income. It is a credit against the tax owed after all the figuring and calculating is done. So if you owe the IRS $7501 in federal income tax and you bought a qualifying electrified car during the year, you only have to send the government a check for a buck. But there’s a catch. (Isn’t there always?) If your tax bill is less than $7,500, your credit is limited to what you owe and any excess cannot be carried over to subsequent years. For example, if you purchase a car that is eligibl...

Full article: https://gas2.org/2018/07/06/steve-hanley-explains-the-fed...

Tweets

EV開発から学生は何を得るか――知識、経験、そして

EV開発から学生は何を得るか――知識、経験、そして

eetimes.jp 06 Jul '18, 1am

All material on this site Copyright © ITmedia, Inc. All Rights Reserved. This site contains articles under license from UB...

Tesla First to Reach Federal Electric-Car Tax Credit Threshold

Tesla First to Reach Federal Electric-Car Tax C...

hybridcars.com 14 Jul '18, 4am

Tesla is now the first automaker to reach the 200,000-car threshold for the United States’ federal tax credits for electri...

@lorakolodny @Tweetermeyer Help save lives supp...

gas2.org 07 Jul '18, 3am

… and the team behind the study explains the graph as a description of the “annual average concentrations of fine particul...

Congressional Democrats file bills to extend fe...

greencarreports.com 03 Jul '18, 2pm

Chevrolet Bolt EV being charged outside Go Forth electric-car showroom, Portland [photo: Forth] Enlarge Photo Vermont Cong...

The UK's electric vehicle market continued its strong growth in June.

The UK's electric vehicle market continued its ...

nextgreencar.com 05 Jul '18, 2pm

The positive outlook for the UK's electric vehicle market is in stark contrast to diesel's continued decline. Diesel regis...

Israel Bitcoin Exchange Agrees to Share Customer Info with Tax Authority

Israel Bitcoin Exchange Agrees to Share Custome...

ccn.com 06 Jul '18, 9am

Bits of Gold, a major Israeli cryptocurrency exchange, has entered an agreement to share customers’ transaction details wi...

Tesla’s $7,500 Tax Credit Will Start To Phase Out in 2019 https://t.co/y5cdhgc2tP

Tesla’s $7,500 Tax Credit Will Start To Phase O...

plugincars.com 13 Jul '18, 4pm

The Tesla Model 3, which starts at $35,000, is the company's most affordable model. The relative net cost of all Tesla car...

Is a credit crisis curbing climate action by po...

greenbiz.com 06 Jul '18, 8am

Climate change is already set to hit some of the world's poorest countries hardest, as changing weather patterns and risin...

Available now.

Available now.

hypebeast.com 12 Jul '18, 12pm

One of the standout features of Supreme collections is the cultural references throughout the collection. For Spring/Summe...

Government needs to back EV charging infrastructure, says new report

Government needs to back EV charging infrastruc...

nextgreencar.com 10 Jul '18, 10am

The National Infrastructure Assessment calls on authorities and private firms to work together The UK Government should wo...

Peugeot set to make electric 208 GTi - next-gen model will be available as an EV

Peugeot set to make electric 208 GTi - next-gen...

nextgreencar.com 06 Jul '18, 9am

The news that the new 208 will be available as an EV is not too surprising considering that it has previously been announc...

Tesla sells 200,000th car, starting phaseout of...

greencarreports.com 12 Jul '18, 5pm

2018 Tesla Model S and 2018 Tesla Model X Enlarge Photo Tesla's vehicle purchase incentives web page on Thursday morning r...