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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.,

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These 5 Plugin Vehicle Models Would Benefit Most From Proposed US EV Tax Credit Update (Chart)

CleanTechnica EVs

As we reported recently, there’s a big cleantech bill moving through the US Congress that would revive, extend, and expand the zero-emission vehicle tax credit in various ways.

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BMW ActiveHybrid 7 Qualifies For $900 US Federal Tax Credit

Green Car Congress

The US Internal Revenue Service certified that the BMW ActiveHybrid 7 ( earlier post ) qualifies for up to a $900 tax credit under the Alternative Motor Vehicle provision. The ActiveHybrid 7 combines an electric motor with BMW’s 4.4-liter The first 2011 BMW ActiveHybrid 7s have begun arriving at US BMW centers.

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BMW 5 Series Full Hybrid to Be Available Next Year; Hybridization of Further Series to Come

Green Car Congress

BMW will offer a full hybrid version of its new 5 Series as early as next year, according to Dr. Norbert Reithofer, Chairman of the Board of Management of BMW AG, speaking at the company’s 90 th Annual General Meeting today in Munich. BMW currently has launched two hybrids into series production, the X6 and the 7 Series.

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KBB: Average new vehicle transaction price in US in December up 1.9% from November; EV ATP dropped 5.5% due to Tesla

Green Car Congress

Plus, with the new tax credits on the way, electric vehicle ATPs will drop lower for qualifying vehicles. Luxury brands Audi, BMW, Infiniti, Lexus, Lincoln, and Volvo showed the least price strength, selling 1% or more below MSRP in December. Incentives overall are still very low but trending upwards. —Rebecca Rydzewski.

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Volkswagen of America to invest $10M in EV charging infrastructure by 2016; calls for more legislative support to spur EV adoption

Green Car Congress

At the same time, Sommer said in his presentation at the 2015 Electric Drive Congress in Washington DC, continued legislative support is needed to reach the next level of electric vehicle adoption. Examples in this category include protecting and expanding existing tax credits in the Energy Independence and Security Act.

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Connecticut providing up to $3K cash rebate for buyers of BEVs, FCEVs, and PHEVs while funding lasts

Green Car Congress

Vehicles in this category include the Nissan Leaf, VW e-Golf, Ford Focus Electric, BMW i3, and Mercedes Benz B class. In addition to CHEAPR rebates, consumers can take advantage of a Federal Income Tax Credit to help drive down the cost of purchasing a new plug-in electric vehicle. According to R.L.