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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. Click to enlarge.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Grant Davis is a Managing Director at New York Life Investments.

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Choosing an Eco-friendly Vehicle: Hybrid vs. Electric Cars

EV Connect

Plug-in hybrids also qualify for the EV tax credit , which means owners can claim a refundable tax credit of up to $7,500 , making plug-in hybrids an affordable choice over many EVs on the market. Department of Energy (DOE) Alternative Fuels Data Center - How Do Hybrid Electric Cars Work?

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Electric Car Manufacturers Inspire New Paradigms -- Seeking Alpha

Tony Karrer Delicious EVdriven

Tax credit incentives are also available to consumers in the U.S. will become less common over the next 10-years and that a mix of alternative fuel vehicles including electric, biofuel, hydrogen and solar will and is now seeing tremendous market growth. market for sustainable “green” energy purchases.