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Fixing the Federal EV Tax Credit Flaws: Redesigning the Vehicle Credit Formula

EV Adoption

The Qualified Plug-In Electric Drive Motor Vehicles (IRC 30D) tax credit – commonly referred to as the “Federal EV tax credit” has a number of flaws, but one of the biggest is the poorly-designed formula that determines the amount of the tax credit available for each BEV and PHEV sold in the US.

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What's it gonna take?

Plugs and Cars

Fisker is delivering the Karma, but not without glitches and its DOE loan is being questioned. The least expensive, the Mitsu i, could be had in some places for less than $20,000 (with tax credits and rebates) while the Karma will set you back over $100K. Sales of plug-in cars are steady, but not overwhelming.

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US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

Green Car Congress

Fisker Karma EREV. The Obama Administration is proposing a three-part strategy that supports electric vehicle manufacturing and adoption through improvements to tax credits in current law, investments in research and development (R&D), and a new competitive program to encourage communities to invest in electric vehicle infrastructure.

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Nissan Leaf – Taking Reservations

Revenge of the Electric Car

After a federal tax credit and state rebate, the price of these cars will come out at around a cool 20k. Others include the Fisker Karma, the Aptera 2e, the Coda sedan, Chevy’s Volt and Tesla’s Model S. The Leaf’s suggested retail price of $32,780 drops to $25,280 after a $7,500 federal income tax credit.

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Why NPR Hates Electric Cars - A Greenius Expose

Creative Greenius

Frank probably doesn’t even know about the E-Box, the Fiscar Karma, the new Mitsubishi iMRV, the Mini Electric car, Nissan’s new EV line or any of the other electric cars I’ve been tracking for the past couple of years. So radio Frank has no use for them and he doesnt’ want you to consider buying one.