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Biden plan would broaden EV tax credit, include Cash for Clunkers reboot

Green Car Reports

Joe Biden announced a broad environmental plan Tuesday that includes provisions to broaden the federal electric-car tax credit and revive the "Cash for Clunkers" program.

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Brookings analysts recommend against repeating cash for clunkers program in future recession

Green Car Congress

However, the cost of CO 2 reduced was comparable or lower than that achieved through less cost-effective policies such as the tax subsidy for electric vehicles, the analysis concluded. Cost per job created. Click to enlarge. Cost per ton of carbon reduced. Click to enlarge. million, or 0.7 million tons. —Gayer and Parker brief.

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US VP Biden outlines 3-part plan to have 1M advanced technology vehicles on US roads by 2015

Green Car Congress

The President is proposing to transform the existing $7,500 tax credit for electric vehicles into a rebate that will be available to all consumers immediately at the point of sale, similar to “Cash for Clunkers”. Infrastructure. The Recovery Act already included $2.4

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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

It’s clear electric cars were on the rise up until the outbreak, but how is the current situation with full-scale lockdowns around the world affecting this trend now? However, despite all the concerns about the future of electric cars, EVs have shown significant resilience in the past few months, even in the face of the pandemic.

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Cash for Volts?

Revenge of the Electric Car

A coalition of car makers, battery suppliers and electricity providers has come together to ask for federal help for EVs. More details at: Group Seeks US Tax Credits To Spur Electric Car Use. UPDATE:Group Seeks US Tax Credits To Spur Electric Car Use. WASHINGTON -(Dow Jones)- Move over, cash for clunkers.

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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

That means we’ll be powering some miles with increasingly renewable electricity that isn't made from imported oil. Using existing technology, we can convert many of them into plug-in hybrids and electric vehicles. We won’t need new power plants, since we have enough off-peak electricity to recharge as many retrofits as we can build.

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