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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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US COVID-19 mitigation efforts resulting in significant decline in traffic, emissions and fuel-tax revenues

Green Car Congress

Greenhouse gas emissions reductions from road transportation were down across the United States from early March to early April 2020. (UC The reduction in VMT per state was correlated with the number of COVID-19 cases and number of deaths (per 100,000 population)—i.e.,the Fuel saved, tax revenue lost.

Fuel Tax 243
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EIA: US renewable diesel capacity could more than double through 2025

Green Car Congress

EIA said that two factors behind growing US renewable diesel capacity are rising targets for state and federal renewable fuel programs and biomass-based diesel tax credits. The “Inflation Reduction Act” extended the biomass-based diesel tax credits through 2024.

Renewable 195
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EIA: California home to almost half of US plug-in electric vehicles

Green Car Congress

Several states offer tax incentives to reduce the upfront cost of PEVs to consumers. These incentives are in addition to a federal (nationwide) tax credit, which ranges from $2,500 to $7,500 depending on battery capacity and gross vehicle weight. Washington has exempted EVs from the state''s 6.5% sales and use tax.

Plug-in 381
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EIA: US average gasoline prices before Memorial Day highest since 2014

Green Car Congress

The average retail price for regular gasoline in the United States on 24 May, the Monday before the Memorial Day weekend, was $3.02 Of the nine states included in the weekly survey, California had the highest price, at $4.01/gal, Washington State’s average gasoline price has been more than $3.00/gal

Gasoline 243
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Tesla adds China-built vehicles to Canadian inventory

Teslarati

Tesla was rumoredly preparing to ship Made-in-Shanghai Model 3 and Model Y units to Canada, according to a report from Reuters. While CEO Elon Musk denied Tesla would ship units from Shanghai to the United States, Canada was not explicitly mentioned last year. built EVs receive more money off through tax credits.

China 98
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Mercedes takes out all the stops with new EQG battery material

Teslarati

But perhaps most important to a buyer like Mercedes, Titan Silicon is produced in the United States, helping the German automaker qualify for IRA tax incentives. Sila announced that it will begin mass production of Titan silicon in 2024 at its new production facility in Moses Lake, Washington.

Mercedes 131