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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. ITC Holdings Corp., ITC Holdings Corp.,

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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’s resources minister seeks investment from S.Korea, Japan – ET Auto

Baua Electric

. “But we need to attract investment to get these minerals out of the ground, to process them here, to build the batteries, wind turbines and solar panels required make the switch to a lower carbon economy,” she said.

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Honda to lease 2017 Clarity Electric for $269 a month, 36 months

Green Car Congress

Honda announced an introductory lease price of $269 a month for 36 months (plus tax) for the 2017 Honda Clarity Electric sedan ( earlier post ), which is coming to select dealerships in California and Oregon August 2017. The lease terms include an attractive allowance of 20,000 miles per year and 24/7 roadside assistance. kWh battery pack.

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If $50,000 EVs still lose $6,000, when will EVs become profitable?

Baua Electric

BCG estimates that most automakers lose around $6,000 on each EV they effectively sell for $50,000, that price accounting for any tax credits or other incentives the customer might be eligible for. appeared first on Bauaelectric Auto News. market if heavily-subsidized Chinese EVs ever break through here. automakers.

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Researchers call for major change in US policies supporting plug-ins; failure of “mainstream consumer bias”

Green Car Congress

Vehicle tax credits or rebates. Examining the tax credits for PEVs, the authors note that the Congressional Budget Office (CBO) concluded that the PEV tax credit is too small to stimulate a significant amount of new consumer demand, and that most taxpayers do not have a tax liability great enough to even use the credit.

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8 ZEV states announce US ZEV sales top 260,000 units

Green Car Congress

A ZEV Showcase accompanying the announcement included the new Toyota Fuel Cell Concept car (which will be formally revealed next month at the LA Auto Show), as well as the Harley-Davidson electric “Livewire” motorcycle and some of the newest commercially available models, including the Tesla Model D and the Mercedes B class EV.

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