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Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.

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Polaris to buy Global Electric Motorcars LLC (GEM) from Chrysler

Green Car Congress

GEM is a recognized leader within the low-speed vehicle market, with approximately $30 million in sales during the 2010 calendar year. GEM cars are eligible for incentives and tax credits from clean-air districts and other governmental agencies. Polaris Industries Inc. based subsidiary of Chrysler Group LLC.

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Nissan Promises EV for 2010

Revenge of the Electric Car

Regardless, once the $7,500 tax credit is accounted for, and the much lower maintenance costs, these should be about the same as buying a gas car, only the fuel will be less than a dollar a gallon equivalent. Buying one of these will cost about half what the Tesla Model S will cost and you can get it a full year earlier.

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California Air Resources Board adds another $25 million to expand clean vehicle rebate program

Green Car Congress

The California Air Resources Board (ARB) voted to immediately expand the funding and current waiting list for incentive funds that help consumers buy zero-emission and plug-in hybrid vehicles. That can be combined with an up to $7,500 federal tax credit and other regional incentives.

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France Offers $6,900 Hybrid Car Subsidies: Should The U.S.?

Green Car Reports

Look back a few years, and the Federal government under President George Bush offered buyers of hybrid cars up to $3,400 in tax credits for buying an electric car. As of December 31, 2010, those tax credits expired, to make way for similar tax credits for those who buy fully electric or plug-in hybrid cars.

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Congressional Budget Office estimates US federal policies promoting EVs and other fuel-efficient vehicles will cost $7.5B through 2019; little or no impact on gasoline use and GHG in the short term

Green Car Congress

Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. For example, an average plug-in hybrid vehicle with a battery capacity of 16 kWh would be eligible for the maximum tax credit of $7,500. Source: CBO. Click to enlarge.

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3 Reasons an Electric Vehicle is the Perfect Present

EV Match

As if one partner would buy two new cars – a significant purchase – for her and him as a complete surprise. So if you’re finding yourself persuaded to buy a car this holiday season, let it be electric. Since these vary by state, the best place to see credits and incentives available to you is PlugStar.