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  2. There’s a ‘real risk’ Trump could axe the $7,500 electric ...

    www.aol.com/finance/real-risk-trump-could-axe...

    There’s a ‘real risk’ Trump could axe the $7,500 electric vehicle tax credit in 2025 — 3 reasons to act now. Chris Clark. November 28, 2024 at 7:44 AM.

  3. EV Tax Credits: What’s New and Who Qualifies? - AOL

    www.aol.com/ev-tax-credits-qualifies-160845950.html

    Generally, you can either get a partial credit of $3,750 for a new electric vehicle purchase, the full $7,500 credit or $4,000 for a used EV tax credit. It’s a one-time credit, meaning you can ...

  4. Why Musk supports Trump getting rid of EV tax credits - AOL

    www.aol.com/news/why-musk-supports-trump-getting...

    Tesla could benefit from any removal of consumer tax credits on electric-vehicle purchases. The move could hurt competitors more, CEO Elon Musk said. And Tesla wants to keep its strong lead in the ...

  5. Plug-in electric vehicles in the United States - Wikipedia

    en.wikipedia.org/wiki/Plug-in_electric_vehicles...

    Beginning on July 1, 2016, a sales tax exemption applies to the first US$32,000 of the selling price of a qualifying new plug-in electric car, which translates into a tax savings between US$2,600 and US$3,100 for plug-in car buyers depending on where the dealer is located within the state, as the sales tax varies by county.

  6. New EV tax credit rules mean cars with Chinese ... - AOL

    www.aol.com/finance/ev-tax-credit-rules-mean...

    New rules from the Treasury Department will make it harder for vehicles to qualify for the full federal electric vehicle tax credit of $7,500 if key components are sourced from China.

  7. Losing the $7,500 Electric Vehicle Credit Could Be ... - AOL

    www.aol.com/finance/losing-7-500-electric...

    President-elect Trump wants to eliminate the $7,500 tax credit on electric vehicles, which would hurt Tesla the most. ... long January 2025 $25 calls on General Motors.

  8. Government incentives for fuel efficient vehicles in the ...

    en.wikipedia.org/wiki/Government_incentives_for...

    Currently the standard credit for a qualified alternative fuel vehicle is $4,000. Other than the Civic GX, a number of models produced after 2004 may qualify for tax credits. [13] Electric vehicles: Government tax credit programs are planned for electric and plug-in hybrid vehicles, but no specific models have yet been certified. [14]

  9. Government incentives for plug-in electric vehicles - Wikipedia

    en.wikipedia.org/wiki/Government_incentives_for...

    In addition, other tax incentives for electric vehicles were introduced. In November 2020 the government decided to keep the innovation bonus until the end of 2025, but for plug-in hybrid cars to be eligible they must have a minimum electric range of 60 km (37 mi) from 2022 and at least 80 km (50 mi) from 2025. [108]