Remove Auto Remove Cash For Clunkers Remove Financing Remove Tax
article thumbnail

Cash for Volts?

Revenge of the Electric Car

More details at: Group Seeks US Tax Credits To Spur Electric Car Use. “A coalition of auto makers, battery manufacturers, utility operators and shipping companies wants the U.S. to offer tax credits for buying all-electric plug-in vehicles as part of a $128 billion program to get seven million such cars on the road by 2018.

Volt 100
article thumbnail

Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

Well, America’s auto industry delivered over 100,000. It helps that the auto industry will be building more efficient new vehicles. Retrofitters can partner with energy service companies to finance those costs, backed by federal loan guarantees. Right now, buyers of new plug-in cars get up to $7,500 in tax credits.

Oil 252
article thumbnail

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Moreover, EVs are not only proving to be more robust amidst an auto industry in decline, but they are also already displaying some signs of recovery. Additionally, the European Investment Bank has doubled down on its commitment to the European EV battery industry to boost green recovery, committing more than €1B to financings in 2020.

Economy 52