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Pyka awarded $7M California tax credit to expand manufacturing of zero-emission autonomous aircraft

Green Car Congress

Pyka, a developer of autonomous electric aviation technology, was awarded a $7-million California Competes Tax Credit with the California Governor’s Office of Business and Economic Development (GO-Biz), approved last week by the California Competes Tax Credit Committee.

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Study finds EV buyers want rebates, not tax credits; government could have saved $2B

Green Car Congress

A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. The current federal electric vehicle tax scheme is a pain.

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

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp., ITC Holdings Corp.,

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Proposed 30% US tax credit for e-bike purchases gains support in Congress

Electrek

Americans are getting closer to a federal tax credit for electric bicycles, a proposal that could be similar in concept to the electric car and motorcycle tax incentives already on the books.

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Electric bicycle tax credit makes progress in Congress but gets slashed from 30% to 15%

Electrek

A 30% tax credit for electric bicycle purchases in the US has been slowly working its way through the gauntlet of Congress. more… The post Electric bicycle tax credit makes progress in Congress but gets slashed from 30% to 15% appeared first on Electrek.

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Almost all electric vehicles would qualify for the US EV tax credit with new Congress bill

Electrek

You may be in luck if you’re looking to buy an electric vehicle. A new bill introduced in the Senate called the Affordable Electric Vehicles for America Act would allow essentially all EVs in the US to qualify for the $7,500 tax credit if passed.

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$12,500 EV tax credit, union-built bonus included in plan Biden claims can pass Congress

Green Car Reports

A maximum $12,500 federal EV tax credit, including a bonus for union-made vehicles, appears to have survived the negotiation process and is now a likely part of the infrastructure bill.