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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.
Diesel is currently taxed at a lower level than gasoline in Europe; however, since 2011 the EC has been considering reversing that situation by making energy taxes systematically reflect the CO 2 performance of the energy product. A scheme including a decreased gasoline tax could bring about an increase in CO 2 emissions.
4853 , the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (“Middle Class Tax Relief Act of 2010”). The bill extends the Volumetric Ethanol Excise Tax Credit (VEETC) through 2011 at the current rate of $0.45/gallon The bill also extends through 2011 the existing $0.54/gallon,
The Swedish National Audit Office (Riksrevisionen) has begun a review of the tax exemption for biofuels, with the results to be published in 2011. Sweden has striven to increase the share of biofuels in transport, and liquid biofuels such as ethanol and biodiesel are currently exempt from energy and carbon tax.
NNA) set the US MSRP for the 2011 Nissan LEAF electric vehicle, which becomes available for purchase or lease at Nissan dealers in select markets in December and nationwide in 2011, at $32,780. Charging dock and installation are eligible for a 50 percent federal tax credit up to $2,000. Nissan North America, Inc.
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.).
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.
8) passed by the US Senate on New Year’s Day by a vote of 89 - 8 to avoid the across-the-board increase in taxes currently called for by the “fiscal cliff” are a number for energy tax benefits. Alternative fuels excise tax credits are extended to 31 December. Qualifying 2- or 3-wheel vehicles need a 2.5
in October 2011 while diesel fuel consumption increased 4.8% We are seeing a trend of Californians consuming less gasoline in the last eight months of 2011. billion gallons of gasoline in October 2011 which is a 1.8% per gallon in October 2011, a 23% increase compared to $ 3.15 California used 1.23 gallons were used.
California gasoline consumption remained flat in February 2011, while diesel fuel consumption in California declined, according to the monthly report from the California State Board of Equalization. In February 2011, the average price of gasoline at the pump in California was up 59 cents to $3.58 in February 2011.
The petition notes that EPA’s monthly summary of available volumes of cellulosic biofuels shows that no cellulosic biofuel was produced in the United States from July 2010 through October 2011. The volume of cellulosic biofuels that EPA required refiners to use in 2011 was 6 million gallons. million to EPA.
However, a new study by researchers at the University of Gothenburg (Sweden) finds that middle- and high-income earners are generally affected the most by gasoline taxes, especially in poor countries, rather than poor people. Petrol taxes are effective and actually don’t affect poor people disproportionally. —Thomas Sterner.
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. 2010 est. 2011 prop. President Obama today transmitted the proposed $3.8-trillion
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.
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.
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.
US Senators Chuck Grassley (R-Iowa) and Kent Conrad (D-North Dakota) introduced a bill—the Domestic Energy Promotion Act of 2011— that would extend, through 2016, at descending levels, the volumetric ethanol excise tax credit, or VEETC, which is also known as the blenders’ credit.
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
A123 Systems has been the recipient of a number of state and federal grants and tax incentives. Through 31 December 2011, A123 incurred $216.9 As of 31 December 2010 and 2011, the Company recorded $2.1 Through 31 December 2011, the company used $8.3 For the years ended December 31, 2009, 2010 and 2011, $0.1
One month from today, your 2011 Federal and state tax returns will be due. (It So consider this your friendly reminder to make sure that if you bought a plug-in car during 2011, you remember to apply for the Federal income-tax credit of $2,500 to $7,500, depending.
Daimler subsidiary car2go GmbH and Hamburg-based Europcar Autovermietung GmbH will launch the car2go mobility concept in Hamburg in spring 2011. This all-inclusive price includes fuel, insurance, mileage covered, taxes and all parking charges. smart car2go with solar roof. Click to enlarge.
They also compared their costs and effectiveness to two alternative policies: an increase in the gas tax and the implementation of energy efficiency improvements. Likewise, a gas tax increase would be 21 times more effective than promoting cellulosic ethanol. —Bill Jaeger, lead author. Jaeger, William K.
A new Rasmussen Reports national telephone survey finds that just 33% of likely US Voters would favor a modest increase in the gas tax even if they knew the revenue would be used only to pay for building, maintaining and repairing the Interstate Highway System. 74% of Americans oppose raising the gas tax to meet new transportation needs.
Like us, you may eagerly have been awaiting the arrival of the 2011 Hyundai Sonata Hybrid. One of the reasons may be the tax credit for purchase of a hybrid vehicle that you can claim when you file your taxes. The 2011 Sonata Hybrid will qualify you for a credit of $1,300. You may even be planning to buy one.
billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. Scheduled to be fully operational by mid-2011, the facility will be in close proximity to GE Global Research in Niskayuna, where advances to the battery chemistry were developed.
launch of the 2011 Hyundai Sonata Hybrid has slipped a month, just enough to preclude buyers from taking advantage of a $1,300 Federal tax credit that expires December 31. According to Hyundai, the first cars will now reach dealers in January or perhaps later, rather than in early or mid December as it had originally hoped.
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. Increasing the tax-free threshold and cutting taxes also boosts incentives to work.
the new car should begin rolling off production lines on schedule, in early 2011. Serbia’s low tax rate, skilled workforce and geographic location has made it attractive for Italy-based businesses—more than 200 Italian companies employing some 18,000 people have operations in the country already.
All kinds of green cars are eligible for tax breaks, but the 2011 Porsche Cayenne Hybrid could be one of the most expensive vehicles ever to get the IRS' nod of approval. The Cayenne S Hybrid earns its buyers up to $1,800 in federal tax credits, the automaker says, making it the first Porsche ever to qualify for the deduction.
in the third quarter 2011 and declined 2.1% In third quarter 2011, California’s gasoline consumption declined 2.0%, with a total of 3.727 billion gallons of gasoline compared to 3.803 billion gallons of gasoline in the third quarter last year. in third quarter 2011, a 24% increase over third quarter 2010’s average price of $3.14
China bioethanol pump price for five enzyme loading scenarios in ( a ) 2011 with a 16¢ per liter (60.6¢ per gallon US) subsidy and fuel excise and value-added tax exemptions, and ( b ) a prospective future scenario with no form of government support measures. gallon US) with tax exemption and a $0.16/liter Click to enlarge.
Source: Greene and Plotkin (2011). All three scenarios incorporate a price on carbon, obtained directly from a carbon tax or indirectly from a carbon cap-and-trade system. —Greene and Plotkin, 2011. Plotkin (2011) Reducing Greenhouse Gas Emissions from US Transportation. Click to enlarge. Greene and Steven E.
Georgia has a tax credit worth up to $5,000 for zero-emissions vehicles. San Diego ranks in the top LEAF cities for many of the same reasons in other California and West Coast markets: state tax incentives, HOV/HOT access and general environment-mindedness. Chicago and Denver (tied). Washington D.C.
in August 2011, while diesel fuel consumption rose 11.1%, according. billion gallons in August 2011 compared to 1.29 In California, the average price for a gallon of gasoline in August 2011 rose 63 cents to $3.82, a 20% increase compared to August 2010 when the average price was $3.19 California gasoline consumption fell 1.7%
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.
If you're shopping for a hybrid vehicle, time is drawing to a close to take advantage of the Federal government's hybrid tax credits. But before those credits expire at the end of 2010, there's one new hybrid you'll want to add to your shopping list: the upcoming 2011 Hyundai Sonata Hybrid.
The Annual Energy Outlook 2011 (AEO2011) Reference case released yesterday by the US Energy Information Administration (EIA) more than doubles the technically recoverable US shale gas resources assumed in AEO2010 and added new shale oil resources. Shale gas offsets declines in other US supply to meet. Source: EIA. Click to enlarge.
The French Government will reduce the purchase tax incentives for lower carbon cars and increase the penalties for high-pollution vehicles beginning in January. France’s bonus-malus scheme provides financial rewards for those who purchase or lease a new vehicle emitting less CO 2 g/km while taxing more heavily polluting cars.
Josh Hafenbrack posts this informative entry covering the status of Hasner’s Florida State electric car tax break on the SunSentinel.com. Read more of the article: Hasner’s electric car tax break gets boost. Hasner’s electric car tax break gets boost. Florida House Majority Leader Adam Hasner.
The Nissan Serena minivan has taken the Nº1 position in minivan sales in Japan for calendar year 2011, fiscal year 2011 and for the first half of calendar year 2012. It is is the only model in its class to be exempted from Japan’s automobile acquisition and weight taxes. Nissan Motor Co., Serena S-HYBRID. Click to enlarge.
CPT was advised on the transaction by Turquoise International (corporate finance) and Matthew Arnold Baldwin (legal & tax). When coupled with an energy recovery system, electric superchargers can be used to create a cost-competitive hybrid solution that can deliver fuel savings of up to 20% in the standard European driving cycle, Valeo said.
Gas production averaged more than 485 million cubic feet per day (MMcfd) in September 2011, compared to the 2005 average of about 160 MMcfd. The North Dakota Department of Mineral Resources estimated that in May 2011, nearly 36% of the natural gas produced did not make it to market.
The Nissan LEAF begins rolling out to select markets in December, and will be widely available in 2011. Including the $7,500 federal tax credit for which the Nissan LEAF will be fully eligible, the consumer’s after-tax net value of the vehicle will be $25,280. Early interest in the Nissan LEAF has been highly encouraging.”.
Deutsche Bank’s China Auto analyst, Vincent Ha, continues to see robust light vehicle sales over the next few years, with a slow to about 11% YoY growth in 2011 (due to a high base from the 2010 surge, and reductions in government stimulus), followed by sustainable low double digit growth in 2012. Click to enlarge.
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