Trump administration plans to end electric-car tax credits

Green Car Reports

As tax credits begin to expire for some automakers and the electric-car industry begins to lobby to extend them, the Trump administration plans to end them altogether. President Donald Trump's Chief Economic Adviser Larry Kudlow told Reuters that the administration plans to end the $7,500 federal tax credit by 2020 or 2021 for all automakers. tax credit

Opinion: Expiring tax credits hurt U.S. automakers, favor imports

Green Car Reports

Now the President, seemingly in opposition to that stance, has launched into a war of words with two of America's largest automakers—its youngest and one of its oldest—over the tax credits that have. General Motors tax credit Donald TrumpPresident Trump campaigned on a promise to aid U.S. manufacturers and provide more incentives for them to produce products in the U.S.

EV Drive coalition begins lobbying effort to save tax credit

Green Car Reports

Members of the lame-duck Congress all got letters on their desks Tuesday stating why the electric-car tax credit should be revised and extended. Along with a five-point fact sheet made public Tuesday, the effort is the first salvo in a battle by the newly-formed EV Drive Coalition to extend the plug-in vehicle tax credit, which is expiring for two. GM Chevy Volt tax credit plug-in cars

Congressional Democrats file bills to extend federal electric-car tax credits

Green Car Reports

Vermont Congressman Peter Welch has filed a bill to extend federal electric-car tax credits for 10 more years, just as the credits begin to run out on the two largest electric-car manufacturers, Tesla and General Motors. Both Tesla and General Motors are expected to reach their cap of 200,000 electric car sales in 2018. IRS Tax Credit

Tesla offers to cover remainder of full tax credit if it can't deliver by year-end

Green Car Reports

Buyers interested in a Tesla have just one week to take delivery before the full federal tax credit gets cut in half—unless Tesla can't get the car delivered until the new year, that is. CHECK OUT: Tesla (again) says buyers must order today for full tax. tax creditThen, Tesla says it will make up the difference. There are some caveats, of course.

Automakers, electric utilities want electric-car tax credit extended

Green Car Reports

later this year, it will begin a phasedown process during which the income-tax credits available to its buyers start to dwindle on a set schedule. Politics incentives tax credit taxes electric utilities plug-in carsWith Tesla likely to hit 200,000 electric cars sold in the U.S. General Motors is likely to hit the same cap a couple of quarters after Tesla. Now those two companies are lobbying for an expansion of.

Budget deal restores tax credits for EV charging stations, electric motorcycles, fuel-cell cars

Green Car Reports

Fears that Congress would kill the federal tax credit for purchase of a plug-in electric car were laid to rest in December when that incentive survived the $1.5 billion tax-cut bill. Now Congress has added back a handful of other tax credits related to electric cars and greener transportation in the $400 billion budget bill it passed in the wee. incentives tax credit plug-in cars hydrogen fuel cell electric motorcycles

Tesla expects 200,000th U.S. sale this year, electric-car tax credits to start phaseout

Green Car Reports

sales of electric cars that qualify for the full federal tax credit of $7,500? That number is 200,000; after the rest of that calendar quarter and the one following, the credit is halved for a further two quarters. sales incentives Tesla Motors tax credit New car sales plug-in cars Battery Electric Vehicle (BEV It's been a topic of discussion for years: What will happen when a carmaker reaches the cap on U.S.

Georgia to take second try at electric-car tax credit after killing first one

Green Car Reports

Several years ago, Georgia offered a generous state-tax credit for purchase of a zero-emission vehicle, and its sales of electric cars boomed. When state politics interceded to kill that credit in 2015—and add a new tax specifically on those same vehicles—the state became a case study on what happens when such incentives are suddenly. Politics incentives tax credit Georgia plug-in cars Battery Electric Vehicle (BEV) state laws

Tesla, GM, Nissan band together to extend electric-car tax credits

Green Car Reports

As tax credits for buyers of America's two most popular electric-car brands begin to sunset, automakers and advocates are banding together to restructure the tax-credit program and extend them. Tesla, General Motors, and Nissan—the top three sellers of electric cars in the U.S.—have —have banded together with the Center for Climate and

What happens to electric-car sales when tax credits sunset? Each maker differs

Green Car Reports

market without the $7,500 federal tax credit for their purchases of plug-in vehicles. While the tax credit ended up surviving the massive tax-cut bill passed in December, some automakers are still about to face the end of the incentive. General Motors sales Plug-In Hybrids GM incentives tax credit New car sales plug-in cars Battery Electric Vehicle (BEV Toward the end of last year, electric-car shoppers began to think about a U.S.

Tesla sets Monday deadline for full tax credit

Green Car Reports

Tesla has given buyers a deadline of Monday to order a car if they want the full $7,500 federal tax credit. That's 2-1/2 months before the credit officially expires, but since most Teslas are built to order, the company needs some lead time for orders. A notice on Tesla's website reads: "All orders placed by October 15, 2018 will be delivered by

Could improving electric-car tax credit be possible even with today's politics?

Green Car Reports

Rather to the surprise of electric-car advocates, the massive tax bill passed by the U.S. Congress in December did not eliminate the federal tax credit for purchase of a plug-in electric vehicle. That credit lets buyers take a credit of $2,500 to $7,500 on their income-tax filing in the year of purchase. Politics Plug-In Hybrids incentives tax credit plug-in cars Battery Electric Vehicle (BEV

Conservative poll says Americans resent electric-car tax credits

Green Car Reports

Results of a study released Tuesday by the American Energy Alliance found that most voters object to tax credits for electric cars. Tellingly, the poll also shows that the public generally supports electric cars themselves. Two-thirds said they are better for the environment than than gasoline powered cars, and 50 percent (a plurality) named that

New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. Under current law, consumers may receive a tax credit of up to $7,500 if they purchase an eligible electric vehicle. The bill maintains the $7,500 tax credit for the first 200,000 units sold.

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Tesla sells 200,000th car, starting phaseout of federal tax credits

Green Car Reports

Following the change, Tesla buyers will only be eligible to receive the full $7,500 federal tax credit until Dec. After that, the credits will halve Tesla's vehicle purchase incentives web page on Thursday morning reported that the wind-down of incentives for buyers of its cars has begun. The change was first noted and reported by Jalopnik.

Subaru Crosstrek Hybrid, cheap renewables, tax credits: Today's Car News

Green Car Reports

Automakers join forces to lobby for extending electric-car tax credits. California regulatory documents show range estimates for the new Subaru Crosstrek Hybrid. A new report shows that building new renewable power can be cheaper than running old coal plants. And California preps for half a million electric cars. All this and more on Green Car. Car Sharing

Tesla to offer full refunds to buyers who miss tax credit cutoff

Green Car Reports

As we've covered here before, Tesla buyers are facing the expiration of the full federal plug-in vehicle tax credit that the cars are currently eligible for through Dec. Twice, Tesla has set deadlines for buyers to order their cars if they want to receive the full credit. Now Tesla is offering a carrot alongside the IRS's stick. CHECK OUT

Tesla nearing limit of $7,500 federal tax credits, which will boost effective prices this fall

Green Car Reports

Adding to Elon Musk's headaches this month, Tesla is about to hit the limit on federal tax credits for electric cars. The tax credits, passed in 2008 as part of the Energy Improvement and Extension Act and signed by President George W. This could effectively raise prices for buyers of the company's critical Model 3. Bush, grant taxpayers who buy

Tesla Model 3 headlights, Porsche Taycan Turbo, expiring tax credits: Today's Car News

Green Car Reports

Expiring electric-car tax credits hit U.S. Porsche may be planning electric "Turbos." automakers and benefit imports in contrast to Trump policies. And our Twitter followers are not optimistic about climate talks. All this and more on Green Car Reports. After Tesla updated the headlights on the Model 3, the IIHS retested them and gave the new

Tesla (again) says buyers must order today for full tax credit

Green Car Reports

If you want to buy a Tesla and get the full tax credit, today is your last day to order for Tesla to guarantee delivery by December 31. With the tick-over of the new year, the federal tax credits on Teslas will be reduced from $7,500 to $3,750. That could raise base price of a Tesla from $39,700 after the tax credit to $43,450 (including delivery

Hackable home chargers, Tesla tax credits: Today's Car News

Green Car Reports

With a short holiday week and both readers and editors working to focus more on family time than glowing screens, we have a smaller deck of news pieces this morning here on Green Car Reports. In an announcement that should grab the attention of most electric-car owners, electronic security firm Kaspersky Labs released a report showing that the

Beyond the federal tax credit: A Guide to Clean Car Incentives

Green Car Reports

The king of all financial incentives for plug-in cars is, of course, the federal tax credit of up to $7,500. With Tesla’s federal tax credit already on its way to expiring and GM’s close behind, it’s worth knowing where to look for other incentives for those who want an electric car. It’s not the only one, though.

When Tesla's tax credits expire, which electric car would you buy? Twitter poll results

Green Car Reports

Last week, we reported that the federal tax credits for electric-car buyers are about to expire. Once any automaker sells 200,000 electric cars, the credits available to its buyers begin to wind down. Since Tesla has been selling electric cars longer than any other automaker (at least since the credits were passed), and has sold more electric cars.

GM confirms it will reach EV tax credit ceiling this year—then phaseout begins

Green Car Reports

Beginning next April, buyers of General Motors’ electric vehicles and plug-in hybrids won’t be getting the same break on their purchase as those who buy those vehicles from any other brand. Any other brand but Tesla, that is. GM has confirmed to Green Car Reports that it will reach 200,000 deliveries of vehicles eligible for the

After Tesla's federal tax credits expire, which electric car would you buy?

Green Car Reports

Last week, we reported that Tesla is close to reaching the end of its allocation of federal tax credits for those who buy its cars. The credits amount to a $7,500 discount for most buyers. The credits were passed after the 2007 federal Energy Independence and Security Act to promote the sale of electric cars. They offered buyers a way to offset. Polls

Tesla tax credits, BMW charger recall, and Israel to ban internal-combustion engines: Today's Car News

Green Car Reports

Tesla tells buyers the final date to order a car before federal tax credits expire. BMW recalls charge cords for its electric cars. Israel plans to stop the sale of cars with internal-combustion engines by 2030. And we round up the best deals on green cars this month. All of this and more on Green Car Reports. Monday is the final date to place an

Tesla price hike, Dyson factory plan, GM tax-credit sunset: Today's Car News

Green Car Reports

GM is next, after Tesla, in hitting the 200,000 ceiling for the EV tax credit. The EPA dismisses some more groups of scientists. And electric-vehicle hopeful Dyson is soon starting a factory, as Faraday Future's struggles continue. All this and more on Green Car Reports. Less than six days after rolling its new Model 3 Mid Range out for order. Today in Car News

Tesla brakes and tax credits, Sono solar car, Twitter poll on charging: Today's Car News

Green Car Reports

Based on Tesla's own delivery reports, the company is reaching the end of its allotment of $7,500 federal tax credits for buyers. After Consumer Reports refused to recommend the Tesla Model 3 over poor performance in its emergency braking tests, Tesla announced it would send an over-the-air update to improve the car's braking ability. This could

Bolt EV in winter, 2018 Kia Niro, electric-car tax credits, 2018 Nissan Leaf news: The Week in Reverse

Green Car Reports

Which two automakers may start to run out of electric-car tax credits this year? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending on Friday, February 2, 2018. What happens if you buy a used Fiat 500e electric car outside California and it needs service? Friday, we wrote that it's taken. The Week In Reverse

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Volkswagen quantum computers, Daimler diesel recall, and Tesla tax credits: Today's Car News

Green Car Reports

The results are in from our latest Twitter poll asking what electric car readers would buy when Tesla's tax credits begin to sunset. Volkswagen wants to use quantum computers to develop tailor-made electric-car batteries. Daimler has recalled hundreds of thousands of diesel cars in Europe. And the Jeep Grand Cherokee and Ford Explorer flunk the

Trump vows retaliation against GM for layoffs

Green Car Reports

tax credit plug-in carsAfter General Motors announced on Monday that it will kill the Chevy Volt as part of an effort to streamline its lineup, close five factories, and lay off 15 percent of its workers, President Trump took to Twitter to vow retaliation for the damage the layoffs could do to the U.S. economy. The U.S. saved General Motors, and this is the THANKS we.

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Tesla electric-car tax credits, Pininfarina electric-car brand, and best deals on green cars: Today's Car News

Green Car Reports

Tesla is the first automaker to reach the 200,000-car limit for federal electric-car tax credits. Pininfarina plans for a new line of exotic electric cars. And we have the best deals on plug-in, hybrid, and other fuel-efficient vehicles. All of this and more on Green Car Reports. Tesla delivered its 200,000th car this past week, which means the

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2018 BMW i3 preview, electric-car tax credit phaseout, hydrogen airplanes: Today's Car News

Green Car Reports

Today, we have spy shots of the 2018 BMW i3 electric car, estimations of which automakers will lose their electric-car tax credits first, and an argument for liquid hydrogen as a replacement for jet fuel in airplanes. Tax credits for electric cars start to phase out when automakers reach 200,000 sales.

Tesla Model 3 variants delayed; will some buyers lose $7,500 tax credit?

Green Car Reports

"Overall, I think, while there were challenges associated with Model 3 ramp, we were in a deeper level of hell than we expected, so a few levels deeper than we'd like to be, but swiftly exiting, I think." Those chastened but seemingly optimistic words came from the CEO of Tesla, Elon Musk, during a conference call discussing the company's. Elon Musk Production plug-in cars Battery Electric Vehicle (BEV

Hyundai Nexo SUV, Rivian electric pickup in 2020, Nissan eyes end of EV tax credits: Today's Car News

Green Car Reports

Today, a bit of clarity on a mysterious auto startup, some verdicts on the Hyundai Nexo fuel-cell SUV, and a look at how Nissan and others may handle the end of electric-car tax credits. What will happen when electric-car tax credits expire, and how will each maker handle it? All this and more on Green Car Reports. Turns out their answers may. Today in Car News

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Fisker EMotion, electric-car tax credit, plug-in cars for Costa Rica: Today's Car News

Green Car Reports

Today, we've got some wrapup articles from both last week's Consumer Electronics Show and this week's Detroit auto show, thoughts on the electric-car tax credit, and greener wheels in Costa Rica. All this and more on Green Car Reports. We were able to interview Henrik Fisker, the Danish designer whose Fisker EMotion 400-mile electric luxury car. Today in Car News

What are your hopes for plug-in cars in 2019?

Green Car Reports

When it comes to electric cars, there are several types of things green car fans may wish for to get more such cars on the road, from easier charging to more tax credits, to more types of models. tax credit PollsPeople wish for all kinds of things. Our Twitter poll for this annual time of reflection between Christmas and New Year's asks respondents to weigh which.

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Income-tax credits, Harley Davidson electrics, killing clean energy, Jan plug-in car sales: Today's Car News

Green Car Reports

Today, we've got bad news from our capitol (again), an electric Harley Davidson on the way, an explanation of which carmakers may lose income-tax credits for electric-car sales, and a January plug-in car sales report. All this and more on Green Car Reports. For the first time since modern electric cars went on sale seven years ago, two makers face. Today in Car News

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If you bought an EV last year, how did it affect your tax bill? Take our Twitter poll

Green Car Reports

In the last few months, it has become clear how much of an effect the federal plug-in vehicle tax credit has on sales of electric cars. The tax credit on Teslas was cut in half in January, from $7,500 to $3,750, and its sales dropped from more than 90,000 cars to 63,000 after the tax credit was cut. 31, 2018 was the last day the full credit. tax credit Polls

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Electric car rebates end in Ontario, Canada

Green Car Reports

Following the election of Conservative Doug Ford as premier July 7, Ontario, Canada, has canceled the province's generous tax incentives for electric cars, according to an announcement on Wednesday on the Ministry of Transportation's website. Canada tax credit

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Porsche execs on future electric cars, utilities lobby for EV tax credit, new Twitter poll: Today's Car News

Green Car Reports

Today, we've got a long and detailed summary of what we learned about Porsche's Mission E and future electric cars, some new lobbying partners to extend the plug-in purchase tax credit, and our latest Twitter poll. All this and more on Green Car Reports. This week's new Twitter poll asks when you expect to buy your first all-electric car (or, if. Today in Car News

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PG&E offers new $3,000 rebate to Nissan Leaf buyers

Green Car Reports

California tax credit Incentives and RebatesCalifornia is already by far the No. 1 state for sales of electric cars, and the state's biggest utility apparently wants to add to that momentum. PG&E (formerly Pacific Gas & Electric) announced yesterday a new $3,000 purchase incentive for new Nissan Leafs. The utility company rebate is taken off the purchase price and comes on top of a.

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