Remove 2015 Remove Affordable Remove California Remove Tax Credit
article thumbnail

California Senate President pro tem proposes carbon tax on transportation fuels

Green Car Congress

California Senate President pro tempore Darrell Steinberg proposed a carbon tax on fossil transportation fuels to replace the coming cap and trade mandate on that sector in 2015. In 2020, the tax is estimated at 24¢/gallon—lower than the upward price risk under cap and trade at 40¢/gallon. A carbon tax is stable.

Tax 230
article thumbnail

Biden rumored to announce quadrupling of tariffs on Chinese EVs, up to 100%

Baua Electric

However, given Chinese EVs are incredibly affordable , even a 25% tariff might still result in competitive prices. China was originally somewhat slow to adopt EVs – in 2015, EV market share was just.84%, 66% and well below California at 3.1% 84%, similar to the US market share of.66% at the time.

Chinese 52
article thumbnail

Chevrolet cuts price on Spark EV; with incentives and “bonus cash”, as low as $14,995

Green Car Congress

Depending on an individual’s tax situation, the Spark EV ( earlier post ) is eligible for federal tax credit up to $7,500. California and Maryland Spark EV owners may also qualify for a $2,500 California state rebate or $2,300 Maryland excise tax exemption. seconds.

Chevrolet 150
article thumbnail

How Much is a Tesla? Much Less, After These Tax Credits and Rebates

EV Life

The reason for the price changes is due to several factors, including shifts in demand and changes to federal rules regarding which electric vehicles qualify for tax credits. In addition to the federal EV tax credit, we’ll examine the various state rebates and grants available to California drivers who qualify.

article thumbnail

60% of $18B in US clean energy tax credits 2006-2012 went to top 20% by income; 90% in the plug-in program

Green Car Congress

A working paper by a team at the Energy Institute at Haas, University of California, Berkeley, has found that 60% of the $18 billion in US federal income clean energy tax credits issued between 2006 and 2012—e.g., Electric Vehicle Credit. Average credit per tax return, by income level. billion (19.3%).

article thumbnail

Plug In America Challenges Obama Auto Task Force Conclusion on GM Volt, Proposes Reduction in Warranty Terms to Reduce Manufacturer Cost

Green Car Congress

In response to the Presidential Auto Task Force Report that concluded that the plug-in Chevrolet Volt was unlikely to be commercially successful in the short-term due to its cost ( earlier post ), Plug In America is proposing a plan to make GM’s Chevy Volt and other plug-in cars more affordable. Chelsea Sexton.

Obama 150
article thumbnail

Biden quadruples tariffs on Chinese EVs, up from 25% to 100%

Baua Electric

However, given Chinese EVs are incredibly affordable , even a 25% tariff might have resulted in competitive prices. China was originally somewhat slow to adopt EVs – in 2015, EV market share was just.84%, 66% and well below California at 3.1% 84%, similar to the US market share of.66% at the time.

Chinese 52