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BMW ActiveHybrid 7 Qualifies For $900 US Federal Tax Credit

Green Car Congress

The US Internal Revenue Service certified that the BMW ActiveHybrid 7 ( earlier post ) qualifies for up to a $900 tax credit under the Alternative Motor Vehicle provision. The first 2011 BMW ActiveHybrid 7s have begun arriving at US BMW centers. Earlier post.). The ActiveHybrid 7 combines an electric motor with BMW’s 4.4-liter

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EIA: US consumption of alt fuels up 13% in 2011; E85 second behind natural gas; medium-duty vans had greater impact than LDVs

Green Car Congress

Consumption of alternative fuels by vehicle type, 2011. In alternative-fueled vehicles, consumption of ethanol (E85) increased 52% from the prior year’s consumption, an increase from 90,323 thousand gasoline-equivalent gallons in 2010 to 137,165 thousand gasoline-equivalent gallons in 2011. Replacement fuels—i.e., Source: EIA.

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2011 BMW ActiveHybrid 7 Qualifies For $900 Tax credit

Green Car Reports

The all-new 2011 BMW ActiveHybrid 7 is currently rolling into dealerships across the country and potential customers will be happy to know that they will be entitled to a $900 tax credit under the Internal Revenue Service's Alternative Motor Vehicle provision.

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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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Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

Green Car Congress

The Government intends to introduce legislation to underpin the carbon pricing mechanism into Parliament in the second half of 2011. But we have now had the debate, 2011 is the year we decide that as a nation we want a clean energy future. These include implementing mandatory CO 2 standards for light vehicles.

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Chevrolet begins taking orders in all 50 US states for 2012 Volt; $1K drop in starting price

Green Car Congress

The suggested retail price for the Volt will start at $39,995 (or $32,495 assuming a full federal tax credit of $7,500, which is subject to the customer’s eligibility). The price includes an $850 destination freight charge but excludes tax, title and license fees.

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Mercedes-Benz B-Class Electric Drive priced at $41,450 for US; 85-mile range

Green Car Congress

Customers may be eligible for federal tax credits (which run up to $7,500) or state/local tax credits. The new Mercedes-Benz B-Class Electric Drive is based on the conventionally powered B-Class, for which the current generation has become a top seller since being launched in many countries in 2011.

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