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Fixing the Federal EV Tax Credit Flaws: Redesigning the Vehicle Credit Formula

EV Adoption

The Qualified Plug-In Electric Drive Motor Vehicles (IRC 30D) tax credit – commonly referred to as the “Federal EV tax credit” has a number of flaws, but one of the biggest is the poorly-designed formula that determines the amount of the tax credit available for each BEV and PHEV sold in the US.

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Rechargeable Zinc-Air Battery Company Approved to Receive $6.8M in Loans and Tax Credits from the State of Oregon and City of Portland

Green Car Congress

ReVolt Technology, LLC, a company that is developing rechargeable zinc-air batteries ( earlier post ), has been approved to receive a package of loans and tax credits from Oregon and Portland authorities totaling approximately $6.8 ReVolt says that the $6.8

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Nissan Promises EV for 2010

Revenge of the Electric Car

Regardless, once the $7,500 tax credit is accounted for, and the much lower maintenance costs, these should be about the same as buying a gas car, only the fuel will be less than a dollar a gallon equivalent. He said Toyota’s 2010 Prius hybrid electric gets about 10 miles range on pure battery, while the planned Chevy Volt will get 40.

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Congressional Budget Office estimates US federal policies promoting EVs and other fuel-efficient vehicles will cost $7.5B through 2019; little or no impact on gasoline use and GHG in the short term

Green Car Congress

Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. For example, an average plug-in hybrid vehicle with a battery capacity of 16 kWh would be eligible for the maximum tax credit of $7,500. Source: CBO. Click to enlarge.

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How the EV Charging Industry Is Emerging and Evolving

EV Connect

In 2010, there were only about 17,000 electric cars on roads around the world. Newer, direct-current, fast-charging technology now makes it possible to recharge 60- to 80-miles worth of driving in 20 minutes. By 2019, there were 7.2 million — that’s a 42,000% increase in electric vehicles in use.

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Review: 2024 Acura ZDX Type S keeps first EV mostly on-brand

Baua Electric

Named after a low-volume Acura SUV sold from 2010 to 2013, the new ZDX is actually built by General Motors and rides on that company’s Ultium EV platform—as does the related Honda Prologue from Acura’s parent brand. Visually it’s every inch an Acura, and it’s very close in size to the brand’s bestselling model, the MDX midsize crossover.

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NYC Goes EV

Revenge of the Electric Car

From the article: ‘The New York study anticipates that by 2015, electric vehicle prices should decline because of reduced battery costs, that there will be a sufficient supply of electric vehicles to purchase, and that consumers will take advantage of the existing federal tax credit of $7,500 for new electric cars. Or No Cars?