Revenge of the Electric Car
NOVEMBER 19, 2009
A coalition of car makers, battery suppliers and electricity providers has come together to ask for federal help for EVs. 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. By Judith Burns.
Green Car Congress
JUNE 14, 2010
As batteries get cheaper and smaller, and motors get light enough to fit inside wheels, we’ll be able to upgrade smaller cars. We’ll add targeted incentives to jump-start this successor to the $4,500 “Cash for Clunkers” program. Right now, buyers of new plug-in cars get up to $7,500 in tax credits.
The Truth About Cars
SEPTEMBER 25, 2023
Nobody likes bureaucratic red tape or waiting on payment and this seems to have become a sticking point for retailers nervously waiting to see how the United States’ updated EV tax credit scheme plays out. Car dealers are asset rich and cash poor. All of a sudden, the dealer is in a cash crunch."
Green Car Congress
JANUARY 26, 2011
The President is proposing to transform the existing $7,500 tax credit for electric vehicles into a rebate that will be available to all consumers immediately at the point of sale, similar to “Cash for Clunkers”. Supported by Recovery Act investments, battery costs are projected to drop by 50% by 2013 or 2015.
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