article thumbnail

2010 Ford Fusion Hybrid Qualifies for $3,400 Tax Credit

Green Car Congress

Buyers of a new 2010 Fusion Hybrid or Mercury Milan Hybrid this year will qualify for a $3,400 tax credit. The credit amount is based on a vehicle’s potential fuel efficiency. The Fusion Hybrid carries a 41 mpg rating in the city and 36 mpg on the highway. Ford Hybrid Tax Credit Amounts.

article thumbnail

Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

Green Car Congress

It also finds that, while relying on subsidies for electric or hybrid vehicles is politically attractive, it is an extremely expensive and ineffective way to significantly reduce greenhouse gas emissions in the near term. million barrels per day, relative to 2008 levels. —Morrow et al. Adoption of all of the preceding policies.

article thumbnail

Michigan Awards $543.5M in Tax Credits to Four Battery Makers, Who Announce Plans for $1.7B Investment in Li-ion Battery Plants in Michigan

Green Car Congress

million in tax credits to four battery companies announcing plans to invest more than $1.7 The four companies receiving the tax credits and announcing plant plans are Johnson Controls-Saft Advanced Power Solutions LLC; KD Advanced Battery Group LLC; A123Systems Inc.; and LG Chem-Compact Power Inc. A123Systems Inc.

article thumbnail

Drive Electric Earth Month Launches April 1 with 172 Events

Plug in America

With more EVs on the streets and new changes to the federal tax credit allowing for instant discounts at the dealership, we’ve seen more people curious about EVs and making the switch.” million electric vehicles, which includes all-electric models and plug-in hybrids. Last year U.S. consumers bought more than 1.4

article thumbnail

Fixing the Federal EV Tax Credit Flaws: Redesigning the Vehicle Credit Formula

EV Adoption

The Qualified Plug-In Electric Drive Motor Vehicles (IRC 30D) tax credit – commonly referred to as the “Federal EV tax credit” has a number of flaws, but one of the biggest is the poorly-designed formula that determines the amount of the tax credit available for each BEV and PHEV sold in the US.

article thumbnail

Dassaults SVE to Combine with and Dow Kokam in Li-ion Battery Partnership for EVs

Green Car Congress

The battery system capabilities of Dassault align perfectly with Dow Kokam’s integrated strategy to bring high performance, affordable, and innovative Li-ion cells and advanced battery technology to the hybrid and electric vehicle markets. The Michigan Economic Growth Authority (MEGA) Board also approved a state tax credit valued at $44.6

Li-ion 210
article thumbnail

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

Slower than expected sales of hybrids everywhere in the world but Japan in 2010. In the US hybrids fell from about 3% of total sales in 2008-09 to 2.2% The DB team attributed the reduction to less concern about gasoline prices, and therefore fuel efficiency, as well as fewer government subsidies for hybrids.