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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

On February 5, Mike Thompson , Chairman of the House Ways and Means Subcommittee on Select Revenue Measures announced the introduction of the Growing Renewable Energy and Efficiency Now (GREEN) Act (PDF). Rather than reforming the tax credit, it’s time to admit it hasn’t worked and blow it up and move in a different direction.

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California gives Tesla $34.735-million sales and use tax break, its second

Green Car Congress

The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) has given Tesla Motors a $34.735 million tax break from sales and use taxes on $415-million worth of new manufacturing equipment for its Fremont factory. CAEATFA has made 46 such awards, including the most recent to Tesla.).

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2010 Ford Fusion Hybrid Qualifies for $3,400 Tax Credit

Green Car Congress

Buyers of a new 2010 Fusion Hybrid or Mercury Milan Hybrid this year will qualify for a $3,400 tax credit. The 2009 Escape and Mariner Hybrid FWD models qualify for a $3,000 tax credit; 4WD models $1,950. Ford Hybrid Tax Credit Amounts. 2010 Fusion and Milan Hybrids. 2010 Fusion and Milan Hybrids.

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California BOE considers lowering gasoline excise tax rate for third year in a row

Green Car Congress

The California State Board of Equalization (BOE) will consider lowering the excise tax rate for gasoline by 2.2 If adopted, the excise tax rate on gas will be 27.8 The current excise tax rate of 30 cents per gallon remains in effect until 30 June 2016. cents per gallon from 1 July 2016 through 30 June 2017.

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California gasoline consumption rose 2.6%, diesel 4.9% in November 2010

Green Car Congress

in November 2010, and diesel fuel consumption increased 4.9%, compared with November 2009, according to figures released by Jerome E. In November 2010, gasoline demand rose 2.6% The average California gasoline price at the pump in November 2010 was $3.20 National average gas prices in November 2010 was $2.91 per gallon.

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NHTSA calculates US motor vehicle crashes in 2010 cost $871B in economic loss and societal harm

Green Car Congress

The US Department of Transportation''s National Highway Traffic Safety Administration (NHTSA) released a new study that finds the price tag for motor vehicle crashes in the US in 2010 carried a cost of $871 billion in economic loss and societal harm. trillion Gross Domestic Product (GDP) in 2010. of the $14.96

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Study finds that linking increased transportation tax to environmental or other specific benefits increases Americans support for higher transportation taxes

Green Car Congress

A national phone survey by the Mineta Transportation Institute (MTI) found that a majority of Americans would support higher taxes for. The survey results show that very low support levels for a one-time gas-tax increase or a new mileage tax can be raised by modifying how the tax is structured and the way it is described.

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