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What effect will lower tax credits on Tesla and GM plug-ins have? Twitter poll results

Green Car Reports

For a bunch of electric-car owning acolytes, our readers are surprisingly sanguine about the reduction and eventual expiration of plug-in tax credits on electric-car sales. We've reported extensively on the expiring tax credits, which will affect models from Tesla and GM in 2019.

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Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

Green Car Congress

The first Australian Government to announce a plan for a carbon price was John Howard’s back in 2007. However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise. Economists and experts agree that the best way is to make polluters pay by putting a price on carbon.

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Plug-in Hybrid Bills in Congress Scare Auto Makers

Plugs and Cars

Calcars continues to work with the Electric Auto Association members to bring a do-it-yourself kit to hybrid owners with moxie. Legislation proposed in the Senate by Senators Obama, Hatch and Cantwell to offer tax credits to convert hybrids to plug-ins now has its counterpart in Congressman Ed Markey's House bill.

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California ARB adds another $6M to Clean Vehicle Rebate Program

Green Car Congress

This can be combined with an up to $7,500 clean vehicle federal tax credit and various other regional incentives. Even though California is only 10% of the total US car market, it now accounts for about 40% of all purchases of plug-in electric vehicles nationwide.

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Fisker Lands Additional $85M for Karma Plug-in

Green Car Congress

The financing is expected to be completed this month and will be the fourth and largest investment round since the company’s inception in August 2007. liter gasoline engine runs a generator that can power the car’s electric motors for another 250 miles before refueling. After 50 miles, a 2.0 Future plans include a lower cost vehicle.

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Partner Update and Announcement

Plug In Partners

Although consumer tax credits for PHEVs enjoyed bipartisan support in both houses of Congress, concerns over other tax portions of the energy bill resulted in the entire tax package being removed from the original bill. The bill, HR 5351 includes a credit for plug-in hybrid electric vehicles.

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60% of $18B in US clean energy tax credits 2006-2012 went to top 20% by income; 90% in the plug-in program

Green Car Congress

A working paper by a team at the Energy Institute at Haas, University of California, Berkeley, has found that 60% of the $18 billion in US federal income clean energy tax credits issued between 2006 and 2012—e.g., Electric Vehicle Credit. Average credit per tax return, by income level. billion (19.3%).