article thumbnail

New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

Under current law, consumers may receive a tax credit of up to $7,500 if they purchase an eligible electric vehicle. The Driving America Forward Act raises the cap and allows purchasers of an additional 400,000 vehicles per manufacturer to be eligible for the tax credit. ITC Holdings Corp., ITC Holdings Corp.,

article thumbnail

Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

Green Car Congress

GMC sales increased 8%, led by Sierra, Canyon and Yukon XL. Hybrid gains were largely due to an increase in Prius sales (up 29.7% to 19,173 units) and Ford hybrids (up 323% to 5,353 units). Compared with June: Chevrolet Aveo, Cobalt, Impala and Malibu contributed to a Chevrolet car retail increase of 8%.

article thumbnail

California Public Utilities Commission approves PG&E EV charging program for 7,500 charging stations in NorCal

Green Car Congress

The approved Charge Smart and Save program is a modified version of a settlement agreement supported by the Sierra Club, Pacific Gas & Electric, and a diverse group of stakeholders. These proposals differ in terms of size, cost, duration, target segments, load management strategies, and other factors.