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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.,

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Tax Credit For Hydrogen Fuel-Cell Vehicles Expires As Congress Adjourns

Green Car Reports

Tax incentives have proven to be an important way to encourage adoption of new green vehicles, offsetting some of the typically-higher purchase costs compared to conventional costs. Yet just as Toyota prepares to launch its 2016 Mirai fuel-cell car, a tax credit for hydrogen vehicles has expired due to inaction by Congress.

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Ansys releases pre-lockdown global survey on vehicle electrification

Green Car Congress

US respondents are split when it comes to when they’ll consider purchasing an EV. US respondents are most likely to buy an EV if the government offers a federal/state tax credit. India illustrates the most contrast, with 87% of respondents saying they would purchase an EV if they were the same price as other cars.

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Prius Plug-In eligibile for a $1,500 California consumer incentive plus $2,500 Federal tax credit

Green Car Congress

Toyota Motor Sales, Inc. Designed to promote the use of Zero Emissions Vehicles (ZEV) and related clean vehicle technologies, the CVRP is a consumer incentive made available in addition to a $2,500 Federal Tax credit. These grants are available when a vehicle is either purchased or leased for 36 months or longer.

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Toyota 2017 Mirai fuel cell vehicle remains $57,500; 312-mile electric range

Green Car Congress

Toyota announced the pricing for the 2017 model year Mirai fuel cell vehicle. Mirai customers also may qualify for an $8,000 federal tax credit and $5,000 potential California rebate along with access to the California HOV carpool lane. for 72 months and Trailblazer Purchase Support of $7,500.

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Tesla and Toyota Intend to Work Jointly on EV Development, TMC to Take Equity Stake in Tesla; Tesla Purchases NUMMI Factory

Green Car Congress

and Toyota Motor Corporation (TMC) intend to cooperate on the development of electric vehicles, parts, and production system and engineering support. TMC has agreed to purchase $50 million of Tesla’s common stock issued in a private placement to close immediately subsequent to the closing of Tesla’s currently planned initial public offering.

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Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

As of June 15, 2022, Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning.

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