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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.).

Tax 231
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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.

Tax 210
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PGE and SunRun Create $100M Home Solar Financing Fund

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a provider of home solar financing, announced a $100-million tax equity project financing agreement to fund SunRun’s installation of more than 3,500 new home solar installations across the nation. Pacific Energy Capital II, LLC, a non-utility subsidiary of PG&E Corporation, and SunRun Inc., SunRun will manage the projects.

Financing 170
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Amsterdam and Renault-Nissan Partner on EVs; Targeting Sales of 1,000 EVs by End of 2011

Green Car Congress

Among the specific targets agreed by both parties is a determination to register at least 1,000 EV sales by the end of 2011. As a first step to reaching that target, Nissan will deliver 100 Nissan LEAFs to fleet customers starting in February 2011. In June 2011, deliveries will begin to individual customers.

2011 199
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Mn/DOT assessing potential for mileage-based user fee to replace fuel tax; Battelle conducting technology assessment

Green Car Congress

The Minnesota Department of Transportation (Mn/DOT) will recruit 500 people from Wright and Hennepin counties to take part in research to test technology that could someday be used to collect a mileage-based user fee (MBUF) in lieu of a gasoline tax. These funding sources support construction and maintenance of the highway system.

Fuel Tax 262
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$3.8 Trillion FY 2011 US Budget Proposal Boosts Department of Energy Spending

Green Car Congress

trillion FY 2011 Budget to the US Congress. The President’s 2011 Budget provides $28.354 billion for the Department of Energy (DOE) in discretionary budget authority—an 8.9% billion in tax subsidies for oil, coal and gas industries. Select EERE Programs and Financing (US$ millions). 2010 est. 2011 prop.

2011 231
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A123 Systems 8K filing says substantial doubt about its ability to continue as a going concern; status of grants and incentives

Green Car Congress

Although the Company’s intent is to improve its operating efficiencies and to obtain additional financing, there is no assurance that the Company will be able to obtain such financing on favorable terms, if at all, or to successfully further reduce costs in such a way that would continue to allow the Company to operate its business.

Grant 299