Thinking about greening your ride with an electric car or truck? There are federal, state and local incentives that can help you save thousands of dollars off the price of a new or used EV. Check out these tips.
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As of Jan. 1, the federal tax credit for buying an electric vehicle is applied at the time of purchase &#; becoming an instant rebate at approved dealers. (Previously, EV owners couldn&#;t claim the money until they filed their taxes.) Now, consumers can get up to $4,000 off used vehicles, or $7,500 off a new one the same day they buy.
Both full EVs and plug-in hybrids are eligible for the rebate, thanks to the Inflation Reduction Act, and income caps apply. (For a new car, the cap is $150,000 if you&#;re single, and $300,000 if you&#;re married and file taxes jointly).
This year also marks the start of a rule meant to incentivize domestic production of EVs (especially batteries). The goal is to create jobs in the U.S. but, in the short term, it means fewer electric vehicles qualify for a federal tax break this year than last, given that not all models have enough components sourced and assembled in the U.S. yet.
However, these requirements don&#;t apply to used EVs. So, if you have your heart set on a certain model, buying used or leasing might be the way to go.
It&#;s also worth checking with the dealer of a model you have your eye on to see if they&#;ll offer a discount to stay competitive. For example, General Motors just announced it would offer $7,500 off its Cadillac Lyriq and Chevy Blazer EV, both of which no longer qualify for the tax credit.
Some states also offer their own credits in addition to the federal incentive. (You can search for state-level tax credits here.) And the IRS keeps an up-to-date list of which electric cars qualify for the federal credit here.
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&#;Leasing has become a way to work around the eligibility restrictions of the federal tax credit,&#; says Neda Deylami, who works on vehicle electrification at Environmental Defense Fund.
That&#;s because the federal tax break on electric fleets that are leased out is actually a commercial credit &#; which the dealer can then choose whether or not to pass along to the consumer. For you, that means no income cap to qualify and more models to choose from.
A analysis found that, on average, the monthly lease payment for an EV is cheaper than leasing a comparable gas-powered vehicle. (And EV drivers don't have to buy gas.)
Leasing also offers another advantage: It&#;s a way to try going electric without the commitment of buying.
Jakarta, January 26, -the transition to the era of electric vehicles is currently still ongoing and growing significantly, in addition to having more environmentally friendly features & technology, electric cars present a more modern driving experience with various advanced indicators that help drivers understand the condition of the car accurately. For those who plan to choose an electric car as a new fleet, it is important to know the indicators on the car, because of course there are different from conventional cars so it needs to be understood properly so that the driving experience is more optimal. The indicator function is also certainly a reminder or warning of vehicle performance and components, therefore, the leading electric car distributor company in Indonesia, PT NETA Auto Indonesia (NETA) will share tips to find out some important indicators when using NETA V for a more optimal driving experience.
"The indicator on the NETA V electric car is not just a pointer, but also information that helps the driver in optimizing vehicle performance and maintenance so that drivers must know and understand this," said Januar Eka Sapta, Senior Manager After Sales of PT Neta Auto Indonesia
Indicators on the NETA V can be identified through the Multi Information Display (MID), which displays complete information in the dashboard area. Each indicator that appears on the MID has a different color according to its function. The colors white, yellow, green and red become an integral part of the driving experience with the NETA V. Here are some indicators on the NETA V electric car:
When it has traveled 10,000 km and its multiples, this indicator will light up on the MID as a reminder to the driver that the NETA V has traveled the limit distance and requires regular maintenance.
2. Battery Indicator (Yellow Color):
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When the battery level reaches 20%, 15%, and 10%, the indicator light will turn yellow as a reminder that the battery is low and it is recommended to charge the car immediately.
3. Indicator "Ready" (Green Color):
These lights will light up when the car is started and ready to drive to start the journey.
4. E-Pedal indicator (green color):
When it appears in green, this indicator indicates that the e-Pedal or One pedal feature is active, this feature will make it easier for NETA V drivers when riding in crowded conditions and help improve NETA V Energy Efficiency.
5. Speedometer indicator with the words " LIM&#; (yellow):
When a NETA V user is driving at a fast speed and this light is on, it gives a warning that the car has reached the maximum speed limit that has been set.
6. Indicator Letter N (Yellow Color):
If the MID indicator appears the letter N and is yellow, this informs that towing mode or towing mode is active.
7. Plug Indicator (Red Color):
Plug-shaped and red in color, this light lights up when the charger is connected to the vehicle and indicates that the battery charging process is in progress.
&#;A good understanding of the indicators will make a great contribution to maintaining the optimal performance and safety of the NETA V electric car. So we hope all NETA V users can find out this by reading the User Manual Book that is on every purchase&#; closed Januar.