Green Car Congress
JULY 22, 2009
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. Cap and Trade Disappointment.
Tony Karrer Delicious EVdriven
APRIL 30, 2009
Tax Credits Instead, Obama backed tax credits of as much as $7,500 inthe stimulus package approved in February for buyers of plug-incars. So far, President Barack Obama has announced no new federaleffort to promote the fuel, and federal funding for hydrogen fortransportation use in the 2009 budget dropped to $177.7
Green Car Congress
MAY 27, 2009
Last year people were able to get unleveraged tax equity financing to monetize the production tax credits at yields to the tax investor of 6-7%; this year tax equity investors are seeking yields ranging from 10-15% for leveraged tax equity transactions utilizing the investment tax credit that is now available under the Stimulus Bill.
Tony Karrer Delicious EVdriven
APRIL 21, 2009
Advocacy groups argue the task force’s assessment is shortsighted and worry that the Volt project may land in the scrap heap as G.M. “Any new technology like the Chevy Volt takes time to become profitable,&# said Jay Friedland, the legislative director for Plug-In America , an electric-car advocacy group. rolls toward bankruptcy.
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