Darienite (https://darienite.com/tag/electric-vehicles-2024)
Enjoying the heatwave this summer? The electric utilities sure are. And just wait till you get your next bill. They’ve been warning us for months now that we’ll be in for a shocker as the average bill will jump by about $13 per month. That’s on top of what are already the second highest electric rates in the U.S., exceeded only by those in Hawaii.
A while back I was in Greenwich doing one of my regular talks about transportation and conducted a quick poll, asking the crowd “How many of you drive EVs (all-electric vehicles)?”
Being Greenwich, about five hands went up. I congratulated the early adopters of cleaner driving and then said, “You know you’re not paying for our highways — and that’s not fair.”
It’s true. Drivers of EVs are literally getting a free ride on our highways because they don’t buy gasoline and don’t pay gas taxes, which are used to pay for the maintenance and repair of our roads. Full disclosure: I drive a Prius hybrid that gives me double the mileage of my old Honda, so I’m half a freeloader, buying only half the gasoline I used to. The point is: EV drivers should be paying for our roads just like everybody else.
With Tax Day just over six weeks away, AAA Northeast is reminding anyone who bought an electric vehicle last year to check if they’re eligible for a federal tax credit. — an announcement from AAA Northeast
Last year, more than 1.4 million electric vehicles were sold across the country, including over one million fully electric vehicles — both the highest figures on record, according to the Argonne National Laboratory. The federal EV credit changed last year, with limits on which filers and vehicles are eligible, so this is the first time taxpayers will use this version of Form 8936 to claim the credit. Here’s what consumers need to know about who is eligible:
*If your adjusted gross income was below this threshold in either 2022 or 2023, you’re eligible for the credit. **To be eligible for a 2023 tax credit, a vehicle’s final assembly must have
occurred in North America.