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California could offer rebates for electric vehicle purchases if the incoming Trump administration eliminates a federal tax credit for people who buy electric cars, Gov. Gavin Newsom said Monday.
The Department of Energy explained on its website that the act amends the “qualified plug-in electric drive motor vehicle credit” — which will now be known as the “clean vehicle credit ...
Taxpayers are eligible for a credit of 30% of the vehicle price, up to $4,000. The purchaser cannot be the same person who bought it new. There can only be one credit taken per vehicle.
The tax credit will only be given to the original purchaser of the vehicle, and not to a secondhand owner. If the vehicle is being lease, the tax credit can be claimed by the leasing company alone. The vehicle must be used mostly in the United States. The vehicle must be placed in service by the taxpayer by 2010 or later.
Those qualified will receive the tax credit known as the Clean Vehicle Credit, previously called the Qualified Plug-In Electric Drive Motor Vehicle Credit. The US Treasury Department has also stated that owners who purchase eligible vehicles previous to August 16, 2022, but did not possess the vehicle until after that date, also qualify for the ...
The California Air Resources Board (CARB or ARB) is an agency of the government of California that aims to reduce air pollution.Established in 1967 when then-governor Ronald Reagan signed the Mulford-Carrell Act, combining the Bureau of Air Sanitation and the Motor Vehicle Pollution Control Board, CARB is a department within the cabinet-level California Environmental Protection Agency.
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