Federal tax credit on Tesla models set to ratchet down again July 1

Green Car Reports

Buyers who want to buy a Tesla have only a few days to take delivery if they want to earn a federal tax credit of $3,750 after they buy. Tesla is in the midst of the phase-out of its federal tax credit after it reported selling a cumulative total of 200,000 cars last July. deals EV tax creditThe $1,875 credit on Teslas will last from July 1 to December 31, before.

Tesla Model X SUV Qualifies For $25K 'HUMMER Tax Break'

Green Car Reports

Remember the gas-guzzler tax allowance, nicknamed the "HUMMER deduction" because it allowed small-business owners to buy massive, heavy, fuel-sucking SUVs and deduct a large piece of the cost from their taxes? But the Section 179 tax credit has. tax incentives Tesla Motors plug-in cars

2015 131
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After Tesla's federal tax credits expire, which electric car would you buy?

Green Car Reports

Last week, we reported that Tesla is close to reaching the end of its allocation of federal tax credits for those who buy its cars. The credits amount to a $7,500 discount for most buyers. The credits were passed after the 2007 federal Energy Independence and Security Act to promote the sale of electric cars. They offered buyers a way to offset. Polls

2018 95

Tesla Model 3 becomes eligible for Canada's EV tax credit with 93-mile version

Green Car Reports

The new version is designed to limbo under the $45,000 (Canadian) price cap on Canada's new $5,000 (Canadian) electric-vehicle tax credit, which was itself designed to exclude wealthy Tesla buyers from receiving government rebates for buying their new cars. Canada EV tax creditTesla announced a new entry-level version of the Tesla Model 3 for Canada on Wednesday.

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.

When Tesla's tax credits expire, which electric car would you buy? Twitter poll results

Green Car Reports

Last week, we reported that the federal tax credits for electric-car buyers are about to expire. Once any automaker sells 200,000 electric cars, the credits available to its buyers begin to wind down. Since Tesla has been selling electric cars longer than any other automaker (at least since the credits were passed), and has sold more electric cars. Polls

2018 97

Hong Kong closed a tax loophole; is Tesla ancillary damage?

Green Car Reports

Government officials in Hong Kong have eliminated a popular tax exemption that made electric vehicles much cheaper to buy than comparable gasoline-powered models. China tax incentives plug-in cars Battery Electric Vehicle (BEV) Hong KongNow Tesla worries it could take the brunt of the blowback. The loophole helped make Hong Kong one of the biggest overseas markets for the Silicon Valley carmaker's luxury electric cars.

2017 96

If you plan to buy an electric car, you should do it this month

Green Car Reports

Common wisdom has it that the last few days of any calendar year are the best time to buy a car. Politics rebates congress incentives tax credit plug-in carsNot only are franchised dealers and their salespeople seeking to close out the month with a bang, but it's the end of a year and their allocation of cars next year can depend on how many they sell this year. In other words: bargains may be there for.

2017 103

No deal for Chevrolet Volt, Chevy Bolt EV buyers in final days of tax credit

Green Car Reports

Consumers have less than three days to buy a plug-in Chevy Volt or Bolt EV from GM and still qualify for the full $7,500 federal tax. Nor does GM have any plans to cut prices after the tax cut expires on Monday, as Tesla did with its cars after the tax credit. And yet Chevrolet isn't making any final push to clear out inventories of either car. Plug-In Hybrids

Millennials Really Do Intend to Buy Cars. Thank the Pandemic.

The Truth About Cars

COVID-19 has changed that, as 31 percent of those without a car intend to buy one in the next six months, and 45 percent of them are Millennials. EY, a global leader in assurance, tax, strategy, and consulting services, and […]. The post Millennials Really Do Intend to Buy Cars.

2020 59

Get Your Federal Charging Tax Credit and $100 Off a JuiceBox Charger

EV Match

The Alternative Fuel Infrastructure Tax Credit expires at the end of the year. Don’t forget to take advantage of the 30% federal tax credit, up to $1,000 for residential properties and $30,000 for commercial properties. Ev Charging Incentives Tax Credit EV Charging Incentives

Electric Car: Lease Or Buy?

Green Car Reports

Should you lease or buy? LEASING The Federal income-tax credit of $2,500 to $7,500 is You''re considering a plug-in electric car. It''s a question that all new-car shoppers face--but for electric cars, there are some special considerations. Each financing option has its pros and cons, so we''ve outlined the reasons you might opt for each alternative.

2013 131

NJ electric-car advocacy group launches as gas tax soars

Green Car Reports

New Jersey was always the place for residents of neighboring states—Delaware, New York, and Pennsylvania—to buy cheap gasoline. That era ended two days ago, when a political deal struck between its legislature and the governor raised the state gas tax by a whopping 23 cents a gallon. Today, a new coalition launched with the aim of. electric utilities plug-in cars state laws transportation policy New Jersey

2016 121

Best Car To Buy 2018; Tesla Semi, Roadster; VW e-Golf driven; electric-car tax credit: The Week in Reverse

Green Car Reports

Which vehicle did we name our Green Car Reports Best Car To Buy 2018? What strong new competitor to the Chevy Volt plug-in hybrid will go on sale December 1? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending on Friday, November 17, 2017. Friday, we covered all the news from the unveiling. The Week In Reverse

2017 86

Georgia Advocates Ask Legislature To Keep Electric-Car Tax Benefit

Green Car Reports

Today, Georgia is among the best places in the country to buy an electric vehicle. Its electric-vehicle tax credit of $5,000 is among the highest offered by any state, and makes buying a battery-electric vehicle much more affordable. But advocates for the bill are now appealing to Georgia legislature not to approve a bill to eliminate the tax

Tesla nearing limit of $7,500 federal tax credits, which will boost effective prices this fall

Green Car Reports

Adding to Elon Musk's headaches this month, Tesla is about to hit the limit on federal tax credits for electric cars. The tax credits, passed in 2008 as part of the Energy Improvement and Extension Act and signed by President George W. Bush, grant taxpayers who buy This could effectively raise prices for buyers of the company's critical Model 3.

2018 97

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., for weatherizing homes, installing solar panels, and buying hybrid and electric vehicles—went to the top income quintile in the US (above $200,000 per year). Average credit per tax return, by income level.

2015 286

Group-buy Black Friday deal on 2015 Nissan LEAFs in Northern Colorado: $10,600

Green Car Congress

will have a special group-buy Black Friday opportunity to purchase a 2015 Nissan LEAF for just more than $10,000, saving up to $21,000 off the sticker price. Coupled with a total of $13,500 in refundable electric vehicle tax credits—$6,000 through Colorado’s EV tax credit and $7,500 through the federal tax credit—buyers can expect to spend 65% below the LEAF’s retail price of $32,130. Consumers in Fort Collins and Loveland, Colo.

2015 217

Tesla (again) says buyers must order today for full tax credit

Green Car Reports

If you want to buy a Tesla and get the full tax credit, today is your last day to order for Tesla to guarantee delivery by December 31. With the tick-over of the new year, the federal tax credits on Teslas will be reduced from $7,500 to $3,750. That could raise base price of a Tesla from $39,700 after the tax credit to $43,450 (including delivery

2018 85

When Do Electric-Car Tax Credits Expire?

Green Car Reports

By now, pretty much anyone who''s thinking of buying a plug-in electric car knows the Federal government offers an income-tax credit to help reduce the effective cost. Or at least, not if they buy within the next two or three years. But are shoppers who wait too long in danger of losing out on these credits? The short answer is no. Unlike a

17 states have passed extra fees on EVs; is that fair?

Green Car Reports

Nobody likes paying gas taxes, and that seems particularly true for drivers who don't buy gas—such as those who drive electric cars. As legislators have begun to notice more electric cars on the roads, more of them have become concerned about their drivers not buying gas—and so not paying any gas taxes. energy policy Gas Tax transportation policy Electric Car Taxes

2018 97

Is it the Right Time to Buy an Electric Car?

Get Electric Vehicle

’ But when the question of buying an electric vehicle pops up, some of us are still can’t make a decision, and it’s not our fault. Before buying a car for yourself you should thoroughly go through your driving patterns and your commutating requirements.

Electric Vehicles Come Out Ahead Of Gas Cars On Taxes--Except In One State

Green Car Reports

Several states have adopted or proposed special taxes and fees for electric-car drivers. which are supposed to make up for lost revenue from taxes on the fuel their drivers don''t buy. Electric-car advocates typically view these policies as discriminatory, and claim they work against efforts to get more people into plug-ins. MORE: Washington

2014 129

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

Green Car Reports

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

2018 89

Tax exemptions expiring, Subaru compliance, a collectible Prius, and new Twitter poll: Today's Car News

Green Car Reports

The sales-tax exemptions that have helped encourage drivers to buy plug-in cars in Washington State are about to expire. So far, legislation to extend them is going nowhere. Subaru admits that its inspectors falsified emissions reports in Japan. And car-collector extraordinaire Jay Leno says the Toyota Prius will someday be collectible. And we ask

2018 86

Nissan, Frost & Sullivan study finds 37% of Southeast Asian consumers open to buying EV

Green Car Congress

Thirty-seven percent of Southeast Asian consumers planning to buy a car are open to purchasing an electric vehicle, according to a Nissan-commissioned study by Frost & Sullivan. Three in four respondents said they were ready to switch to electric vehicles if taxes were waived. Motivating factors for buying an electric vehicle.

2018 190

Conversion supporters petitioning Obama Administration to extend tax incentives to plug-in conversions

Green Car Congress

Entrepreneurs and advocates for electric and plug-in hybrid vehicles conversions have taken advantage of the platform to create a petition urging the Administration to extend the Qualified Plug-in Electric Drive Motor Vehicles (IRC 30D) tax incentives, currently granted for new plug-in vehicles, to plug-in conversions. The Obama Administration provides an online platform for grassroots petitions urging action on a range of issues.

2012 240

UK launching £400M vehicle charging infrastructure fund; putting extra £100M to support for buying EVs

Green Car Congress

Among the elements in the budget are the launch of a new £400-million (US$530-million) Charging Investment Infrastructure Fund and the provision of an extra £100 million (US$133 million) towards helping people buy battery-electric cars. The money will come from a temporary rise in Company Car Tax and Vehicle Excise Duty on new diesel cars. The existing Company Car Tax diesel supplement will increase from 3% to 4%, with effect from 6 April 2018.

2017 174

What kind of EV incentives are most effective? Twitter poll results

Green Car Reports

Last week, we looked at how Norway went from subsidizing the sale of a few electric cars to making it normal to buy an electric car, and wondered how they did it. It took not only tax abatements and incentives for electric cars, but also longstanding, onerous Norwegian taxes on gasoline and diesel vehicles. tax credit Polls

2019 92

GM confirms it will reach EV tax credit ceiling this year—then phaseout begins

Green Car Reports

Beginning next April, buyers of General Motors’ electric vehicles and plug-in hybrids won’t be getting the same break on their purchase as those who buy those vehicles from any other brand. Any other brand but Tesla, that is. GM has confirmed to Green Car Reports that it will reach 200,000 deliveries of vehicles eligible for the

2018 106

Dalia EuroPulse survey finds 58% of Europeans would consider buying an EV; 34% approve of more gov’t support

Green Car Congress

Although the Germans are leading the charge on a political level, it is the Italians who have the highest share of potentially interested customers: 54% of Germans would consider buying one, compared to 79% of Italians (lowest is the UK with 52%). Across all EU countries, 22% would support higher vehicle emission taxes. In August, Berlin-based Dalia Research conducted an EU-wide survey to find out the demand for electric vehicles (EV) among Europeans.

2016 210

Diesel cheating deal, Model 3 modules, autonomous pod swarms, EV leasing vs buying: Today's Car News

Green Car Reports

Today, we've got advice on buying or leasing an electric car, a possible diesel-cheating deal for Jeep and Ram, tax credits in the budget bill, and another Tesla statement after Musk said something that startled analysts. All this and more on Green Car Reports. Over the weekend, as we do every seven days, we ran down last week's most important. Today in Car News

2018 95

Japan to Provide Tax Breaks for Hybrid, Electric Cars

Green Car Congress

Under provisions of a fiscal 2009 tax reform bill, Japan will waive an automobile weight tax for people buying hybrid cars and electric vehicles. Normally, people purchasing new cars pay the automobile acquisition tax, which is equivalent to roughly 5% of the car’s price, and three years’ worth of the weight tax. This means a person buying a 2 million yen [US$21,700] car that weighs 1.3 tons has to pay a total of 146,700 yen [US$1,600] in taxes.

2009 150

Hasner’s Florida State Electric Car Tax Break Gets Boost

Revenge of the Electric Car

Josh Hafenbrack posts this informative entry covering the status of Hasner’s Florida State electric car tax break on the SunSentinel.com. Read more of the article: Hasner’s electric car tax break gets boost. Hasner’s electric car tax break gets boost. An effort led by House Majority Leader Adam Hasner, R-Boca Raton, to give a sales tax exemption to consumers who buy battery-powered, electric vehicles or plug-in hybrids picked up a unanimous endorsement today.

Rasmussen Poll: 15% in US Favor Higher Gas Tax To Fund More Transportation Projects

Green Car Congress

A new Rasmussen Reports national telephone survey finds that only 15% of adults favor raising the gas tax to help meet new transportation needs. Seventy-four percent (74%) oppose a gas tax hike. Transportation Secretary Ray LaHood recently floated the idea of increasing the federal tax on gasoline as a way to meet Congress’ growing list of transportation projects. Americans currently pay a federal tax of 18.4

2009 195

State fees, penalties on electric cars proliferate this year

Green Car Reports

The fees are typically meant as a substitute for the gasoline taxes that, because they don't buy gas, electric-car owners don't pay. government taxes Gas Tax plug-in cars state laws transportation policySeveral different states have continued to propose new fees for electric-car owners as a way to pay for road repairs. Advocates have criticized these fees, saying they effectively penalize drivers for reducing.

2017 96

Porsche execs on future electric cars, utilities lobby for EV tax credit, new Twitter poll: Today's Car News

Green Car Reports

Today, we've got a long and detailed summary of what we learned about Porsche's Mission E and future electric cars, some new lobbying partners to extend the plug-in purchase tax credit, and our latest Twitter poll. This week's new Twitter poll asks when you expect to buy your first all-electric car (or, if.

2018 87

MIT study finds fuel economy standards are 6-14 times less cost effective than fuel tax for reducing gasoline use

Green Car Congress

In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050). If policymakers had made their decision based on the broader costs to the economy, they would have gone with the option that was least expensive—and that’s the gasoline tax.

2013 242

Bolt EV in winter, 2018 Kia Niro, electric-car tax credits, 2018 Nissan Leaf news: The Week in Reverse

Green Car Reports

Which two automakers may start to run out of electric-car tax credits this year? What happens if you buy a used Fiat 500e electric car outside California and it needs service? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending on Friday, February 2, 2018. Friday, we wrote that it's taken. The Week In Reverse

2018 86

Want A Tax Break On An Electric-Car Charging Station? Act Now!

Green Car Reports

For several years now, the Federal Government has offered tax credits to people buying brand new highway-capable electric cars, as well as those installing electric car charging stations. But while the $7,500 federal tax credits towards the purchase of an electric car most likely won't end for several years, the Federal Government tax credit for

Hasner’s Florida State Electric Car Tax Break Gets Boost

Revenge of the Electric Car

Josh Hafenbrack posts this informative entry covering the status of Hasner’s Florida State electric car tax break on the SunSentinel.com. Read more of the article: Hasner’s electric car tax break gets boost. Hasner’s electric car tax break gets boost. An effort led by House Majority Leader Adam Hasner, R-Boca Raton, to give a sales tax exemption to consumers who buy battery-powered, electric vehicles or plug-in hybrids picked up a unanimous endorsement today.

Gas Taxes Should Go Up To Boost Green-Car Sales, Says GM CEO Akerson

Green Car Reports

The CEO of General Motors, Dan Akerson, told a Detroit newspaper that the Federal tax on gasoline should be raised by 50 cents to $1 a gallon to encourage consumers to buy more fuel efficient vehicles. In an interview last week with the Detroit News, Akerson said a higher gas tax should be part of a comprehensive energy policy set by the U.S.

2011 122

Is group buying the key to boosting electric-car adoption?

Green Car Reports

Purchase incentives and tax rebates have been a powerful tool for boosting electric-car adoption. If you want to get someone to do something—drive an electric car, say—then making it cheaper is a good way to start. But there's another form of incentive that could yield impressive results as well. DON'T MISS: Why I bought a new Nissan. energy policy incentives plug-in cars transportation policy

2016 95