Electric-car tax credit retained in Congressional tax reform bill: report

Green Car Reports

income-tax credit for purchase of a plug-in electric vehicle will not be killed after all. Politics Plug-In Hybrids congress incentives tax credit plug-in cars Battery Electric Vehicle (BEV We'll likely never know whether it was the influence of auto lobbyists, pressure from the actual public, or a letter signed by two dozen mayors. But however the sausage was made, it appears that the U.S.

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.

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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

In an ideal world, this is how electric-car tax credits should work

Green Car Reports

The tax reform bill likely to be voted on by the U.S. Senate and House of Representatives retained a number of provisions originally slated to be cut from the tax code. Among them was the federal income-tax credit for purchase of a plug-in electric vehicle. New York Politics sales rebates Plug-In Hybrids California congress incentives tax credit plug-in cars Battery Electric Vehicle (BEV

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.

$49,900 after tax credit

Plugs and Cars

After a federal tax credit of $7,500, the effective price will be $49,900." Tags: tesla model s tesla motors battery electric car Elon Musk has disclosed the intended price of Model S, even if the car itself must spend another week under wraps.

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.

Fisker Ocean electric SUV starts at $37,499, pre-tax credit; leases for $379/mo

Green Car Congress

After the US federal tax credit is applied, the cost of the Fisker Ocean drops to a starting price of US$29,999 (US). Fisker will also offer a “$0 drive off” option through a fully financed $2,999 down payment for credit-approved customers. 80 kWh lithium-ion battery pack.

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22 mayors join letter urging electric-car tax credit retention by Congress

Green Car Reports

tax policy for the first time in three decades are now being reconciled by a joint committee from both houses of Congress. Politics Plug-In Hybrids congress incentives tax credit plug-in cars Battery Electric Vehicle (BEV Two bills from the Senate and House of Representatives that would radically reform U.S. No public hearings on those bills have been held in either chamber, and the legislation is closely guarded. It would be fair to call the.

Nevada treasurer, Faraday's nemesis, turns eye toward Tesla tax-credit transfer

Green Car Reports

After offering a generous incentive package several years ago, the Silver State landed Tesla's lithium-ion battery "Gigafactory," which is now up and running just outside Reno. Manufacturing government incentives jobs tax credit plug-in cars nevada gigafactory Faraday FutureThe state of Nevada has been fairly generous to startup electric-car makers that pledge to establish manufacturing operations within its borders.

Tesla tax credits cut, BMW gas engines run on, Europe likes SUVs: Today's Car News

Green Car Reports

Tesla faces another drop in tax-credit eligibility for its cars on Monday. The company is also reportedly working to develop its own batteries. The federal tax credit on Teslas is. Automakers are concerned they won't be able to sell enough EVs in Europe. And BMW says gas engines won't go away any time soon. All this and more on Green Car Reports. Today in Car News

Fight To Watch: Georgia Plans To Alter Electric-Car Tax Credit

Green Car Reports

That''s due to a $5,000 Georgia state tax credit for the purchase of a battery-electric vehicle, which can be used to cut state income-tax liability over one, two, or three years. Over the last two years, the metropolitan Atlanta area has become one of the single best sales regions for the Nissan Leaf electric car.

Bill To Kill Georgia's Electric-Car Tax Credit Rises From The Dead

Green Car Reports

Last week, a Georgia House bill to end the state''s $5,000 tax credit for purchase or lease of a battery-electric vehicle was voted down by its Ways & Means Committee. State politics can be a funny thing. But yesterday, it mysteriously reappeared and was unanimously passed by voice vote after it was deemed only to have been "tabled." DON''T

Polestar 2 tow-rated, Mercedes EQC delayed, tax-credit hopes dashed: The Week in Reverse

Green Car Reports

Which automaker claims the most energy-dense battery pack for an upcoming vehicle? Where will Tesla owners soon be able to fast-charge—other than a Supercharger station?

2016 Scion iM, Mercedes Tesla Rival, Electric-Car Tax Credits: Today's Car News

Green Car Reports

Today, we drive the 2016 Scion iM compact hatchback, Mercedes-Benz hints at a Tesla-rivaling electric car, and a new study finds that the majority of electric-car tax credits go to higher-income households. battery upgrade will cost $29,000, and provide up to 330 miles of range, the.

Chevy prices 2017 Bolt EV at $37,495; $29,995 after federal tax credit

Green Car Congress

Depending on individual tax situations, customers may receive an available federal tax credit of up to $7,500 for a net value of $29,995. The battery-electric Bolt EV has an EPA estimated 238-mile range. Pricing includes destination and freight charges and excludes tax, title, license and dealer fees. Chevrolet will offer the Bolt EV with a base Manufacturer’s Suggested Retail Price of $37,495 including destination charge.

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., The most extreme case, Severin Borenstein and Lucas Davis found through their examination of tax return data from the IRS, is the program aimed at electric vehicles—the top income quintile received about 90% of all these credits.

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Will Georgia's $5,000 Electric-Car Tax Credit Be Axed In 2015?

Green Car Reports

Early this year, we wrote about efforts in the Georgia state legislature to kill the state''s $5,000 income-tax credit for purchasing a battery-electric vehicle. Among the most generous state incentives in the nation, Georgia''s credit has put the metropolitan Atlanta area among the top areas where electric cars are sold and widely used.

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

Green Car Reports

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

Tesla Gigafactory, Volvo plug-ins, EV tax credit support, Infiniti EV, U.S. lithium mining: Today's Car News

Green Car Reports

With a new bill in Congress, the effort to extend EV tax credits no longer comes just from Democrats. Tesla and Panasonic are reportedly shelving plans to further expand their lithium-ion battery Gigafactory. And demand for batteries triggers. Infiniti unveils its new electric sports sedan. Volvo announces new high-performance plug-in hybrids. Today in Car News

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DOE awards $98M in tax credits to automakers and suppliers for clean technology manufacturing

Green Car Congress

The US Department of Energy (DOE) announced $150 million in clean energy tax credits to 12 businesses to build US capabilities in clean energy manufacturing; $98 million of that goes to five automakers and suppliers towards investments in domestic manufacturing equipment. The awards are made through the Advanced Energy Manufacturing Tax Credit program (48C Program). million 48C Tax Credit, Delphi Automotive Systems plans to invest $35.3

Virginia proposes state-tax rebate up to $3,500 for electric-car purchase

Green Car Reports

Reid [D-32nd] has proposed a bill, expected to hit the House floor Wednesday, that would see buyers of electric vehicles receive a state-tax rebate of up to $3,500. Plug-In Hybrids incentives tax credit plug-in cars Battery Electric Vehicle (BEV) state laws VirginiaVirginia is for lovers—and it may soon be for lovers of electric cars and plug-in hybrids, too. Virginia House Delegate David A.

VW Diesel Fix, Natural-Gas Car Tax Credits, 'Star Wars' Fiat 500e: Today's Car News

Green Car Reports

equipped with "defeat device" software, a new transportation bill may enable tax credits for natural-gas vehicles, and a Fiat 500e gets dressed up like a Star Wars Stormtrooper. A battery-pack retrofit may allow the BMW i3 to. Today, Volkswagen proposes a fix for the 482,000 2.0-liter diesel cars in the U.S.

Insult To Injury? GA Kills Electric-Car Incentive, Adds Last-Minute Luxury-Car Tax Break

Green Car Reports

As feared by advocates, last week Georgia passed a highway-funding bill that killed its $5,000 income-tax credit for purchase of a battery-electric vehicles. Green Georgia Manufacturing Politics incentives plug-in cars state laws tax credit It hasn''t been a particularly good year so far for electric-car purchase incentives.

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

Green Car Reports

Elon Musk Production plug-in cars Battery Electric Vehicle (BEV "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.

Lucid Motors pricing base Lucid Air luxury EV at $52,500 after Fed tax credits; fully loaded above $100K

Green Car Congress

Lucid Motors, a Silicon Valley-based electric vehicle company, announced that the base version of its first vehicle, the Lucid Air luxury sedan ( earlier post ), will have a starting price of $52,500 after federal tax credits. Options include: 315-mile and 400-mile-range battery options. Electric (Battery

Colorado buyers of Chevy Volt eligible for $13,500 in tax credits

Green Car Congress

Colorado residents who purchase or lease a new Chevrolet Volt are eligible for a state tax credit of up to $6,000 in addition to a federal tax credit of up to $7,500 for a total price reduction of as much as $13,500. Colorado is one of a number of states that is offering a state tax credit in addition to the federal tax credit, which is subject to the customer’s eligibility.

2017 BMW i3, VW diesel update, Tesla Model 3 tax credits: Today's Car News

Green Car Reports

Today, we have details on the 2017 BMW i3 electric car, news that Volkswagen is delaying a report on its diesel cheating, and a theory of how Tesla could get more tax credits for the Model 3. Learn about electric-car battery costs, the Germans' reaction to Tesla, and more in our Week in Reverse feature and.

US Sen. Brown introduces legislation to extend advanced energy manufacturing tax credit

Green Car Congress

Sherrod Brown (D-OH), would extend the advanced energy manufacturing tax credit (48C credit). To be eligible for the tax credit, manufacturers must produce solar, wind, or geothermal energy equipment; fuel cells, microturbines, or batteries; electric cars; electric grids; energy conservation technologies; or equipment that captures and sequesters carbon dioxide or reduces greenhouse gas emissions.

What Should Georgia Electric-Car Buyers Do By June 30?

Green Car Reports

Georgia's income-tax credit for the purchase of a zero-emission vehicle will become history in about six weeks. That poses a problem for the state's electric-car shoppers: Buy before June 30 to take advantage of the expiring credit, or wait for improved battery-electric cars expected to arrive within two years. Politics incentives tax credit Georgia plug-in cars state laws

CA bill would make up for federal electric-car incentives as they expire

Green Car Reports

Aside from the Federal income-tax credits available nationally, the state of California has its own purchase rebates. rebates California incentives tax credit plug-in cars Battery Electric Vehicle (BEV) state lawsThe state of California has a long track record of supporting electric cars and doing everything possible to ensure plug-in vehicles can be obtained by the largest number of drivers.

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Ford prices C-MAX Energi plug-in hybrid at $29,995 after federal tax credit; expects conquest rate of about 50%

Green Car Congress

Its eligibility for a $3,750 federal tax credit drops that to $29,995. Both Prius Plug-in models qualify for a federal tax credit of $2,500. C-MAX Energi also is expected to qualify for additional tax credits up to $1,500 in California. The hybrid battery system, hybrid transmission system and software for C-MAX Energi all were developed in-house.

How low do prices for 200-mile electric cars have to go for success? Poll results

Green Car Reports

One of the challenges of making and selling electric cars is that their batteries are still expensive. incentives Pricing tax credit plug-in cars Prices PollsAnd despite some makers' absorbing losses on the earliest cars, that means they sell for prices higher than those of similarly sized vehicles with combustion engines. Sure, owners will save money on running costs—but most shoppers will.

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Honda Clarity, BMW i3 REx driven; battery costs fall; electric car fight; tax credit lives: The Week in Reverse

Green Car Reports

Which country may wipe the floor with the U.S. in the global race among makers of electric cars? What car may pose a significant threat to the Chevrolet Volt plug-in hybrid? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending on Friday, December 15, 2017. Friday, we learned EV shoppers can. The Week In Reverse

AFS Trinity Awarded Patent for Extreme Hybrid Drivetrain; Company Arguing for Full PHEV Tax Credit

Green Car Congress

AFS Trinity Power Corporation has been awarded a patent for its Extreme Hybrid drive train that combines ultracapacitors and other power electronics and energy storage devices with off-the-shelf chemical batteries in plug-in hybrid vehicles. The company said it expects DOE and US Congressional recognition of the cost, safety and performance benefits of the new technology in the form of the full plug-in hybrid tax credit of $7,500 to vehicles using this technology.

President Obama Awards $2.3B for Tax Credits for New Clean-Tech Manufacturing Jobs; GE Gets Largest Battery-related Award

Green Car Congress

billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. The 183 projects in 43 states include several for the manufacturing of advanced batteries; biomass projects; and vehicles. GE claimed the largest of the battery-related awards, with a $25.5 The batteries will rely heavily on new materials, new manufacturing technologies and intelligent controls.

Nissan Sets US MSRP for 2011 LEAF EV at $32,780; As Low as $25,280 with Federal Tax Credit

Green Car Congress

Including the $7,500 federal tax credit for which the Nissan LEAF will be fully eligible, the consumer’s after-tax net value of the vehicle will be $25,280. As a result of aggressive pricing and the availability of the $7,500 federal tax credit whose benefit is immediately included, Nissan will be able to offer a monthly lease payment beginning at $349, not including state or local incentives, which could further reduce the net cost of the Nissan LEAF.

Tax credits for Tesla Gigafactory will cost Nevada up to $1.1 billion

National Green Transportation

That factory is critical to Tesla's success, because it will produce battery packs in On Thursday, Tesla Motors made a long-awaited announcement, revealing that the Tahoe-Reno Industrial Center had been chosen to host the Gigafactory.

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Michigan Approves Li-ion Maker Johnson Controls-Saft for Tax Credits, $20M Pack Credit

Green Car Congress

Under this designation, a company that attracts or influences a supplier or customer to locate or expand in Michigan can qualify for tax credits. The company was also approved for a Plug-In and all-electric traction battery pack credit valued at up to $20 million over three years to support the manufacture of battery packs using lithium-ion technology.

Rechargeable Zinc-Air Battery Company Approved to Receive $6.8M in Loans and Tax Credits from the State of Oregon and City of Portland

Green Car Congress

ReVolt Technology, LLC, a company that is developing rechargeable zinc-air batteries ( earlier post ), has been approved to receive a package of loans and tax credits from Oregon and Portland authorities totaling approximately $6.8 Upon final closing, the SELP funding and incentives will further enhance ReVolt’s research and development work in a public-private partnership producing advanced battery systems for electric vehicles. Tags: ARPA-E Batteries

Michigan Awards $543.5M in Tax Credits to Four Battery Makers, Who Announce Plans for $1.7B Investment in Li-ion Battery Plants in Michigan

Green Car Congress

million in tax credits to four battery companies announcing plans to invest more than $1.7 The four companies receiving the tax credits and announcing plant plans are Johnson Controls-Saft Advanced Power Solutions LLC; KD Advanced Battery Group LLC; A123Systems Inc.; The state refundable tax credits will help the companies in their quest for some of the $2 billion in federal grants for advanced-battery research and development.

Mustang Mach-E price, Rivian batteries, Trump tanks EV tax credit's future: Today’s Car News

Green Car Reports

Opposition from the President cuts the EV tax credit’s future. from the President Rivian is packing more energy into less space. And Ford has been more particular about how dealers advertise the price of the Mustang Mach-E. This and more, today at Green Car Reports. Rivian will achieve its 400-mile (or more) range rating partly by including

Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

Green Car Congress

Direct transportation (fuel) taxes generate the greatest reductions in CO 2 emission from transportation, achieving CO 2 emissions at 86% of 2005 levels by about 2025. Strong income tax credits for the purchase of new diesel, hybrid, and plug-in hybrid vehicles are very expensive and essentially ineffective at reducing GHG emissions from transportation. Purchase tax credits are an expensive way to reduce oil consumption and GHG emissions from transportation.

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