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The Infrastructure Investment and Jobs Act, signed into law in November 2021, allocates nearly US$100 million to charging stations in Indiana. [ 5 ] In July 2021, the Indiana Department of Transportation and Purdue University began testing pavement that can charge electric vehicles while they are driving; this project is the first of its kind ...
Incentives may also vary based on how well the car in question performs in these “green” categories. [8] For example, the buyer of a Tesla Roadster , a fully electric vehicle, will receive a much larger tax credit than the buyer of a standard hybrid, which will pollute much more during its lifespan. [ 9 ]
Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
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The credit for purchases of new vehicles is capped at $7,500 and, for used vehicles, it goes up to $4,000. And for charging equipment, a credit of up to $1,000 is also available.
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Portugal established a government subsidy of €5,000 for the first 5,000 new electric cars sold in the country. In addition, there is in place a €1,500 incentive if the consumer turns in a used car as part of the down payment for the new electric car. [167] Electric cars are also exempt from the registration tax. [46]
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