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Plug-in Hybrid Bills in Congress Scare Auto Makers

Plugs and Cars

The Detroit News Autos Insider column today is reporting on Congressional efforts to promote plug-in hybrids and the backlash from the automakers. Neither CARB incentives nor the efforts of Plug-in Partners have moved the auto makers to produce plug-in hybrids, so conversion efforts are moving along.

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Fisker Lands Additional $85M for Karma Plug-in

Green Car Congress

has entered into definitive agreements to receive an additional $85 million in venture capital funding for the development and manufacturing of its Karma plug-in hybrid automobiles. 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.

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Partner Update and Announcement

Plug In Partners

Unfortunately, consumer tax incentives for the purchase of plug in hybrids were not included. 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.

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The Cash Back Hybrid

Plug In Partners

Here's an example from Spectrum Online : Can plug-in hybrid electric vehicles keep the electric grid stable? By John Voelcker First Published October 2007 Google , a former CIA director , the Natural Resources Defense Council , a U.S. But the promise of plug-in hybrid electric vehicles (PHEVs) aligns the stars in unexpected ways.

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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%).

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Easy as A123

Plug In Partners

P erhaps the most important milestone in developing Plug in Hybrids is the availability of an affordable, practical, and powerful battery pack. snip At an initial 40 mile module installed price of $10,000 supported with a $3500 tax credit , the payback period for a fleet owner with $3.00/gallon gallon gas is 2.5

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NYC Goes EV

Revenge of the Electric Car

From the article: ‘The New York study anticipates that by 2015, electric vehicle prices should decline because of reduced battery costs, that there will be a sufficient supply of electric vehicles to purchase, and that consumers will take advantage of the existing federal tax credit of $7,500 for new electric cars. Or No Cars?