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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also called on states to suspend their state gas taxes as well or to find other ways to deliver some relief.

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Electric semis might get up to $40,000 credit under reconciliation bill moving through Congress

Green Car Reports

As Congress moves to extend and expand the federal EV tax credit for passenger cars, it's also considering a bill that would add a first-ever tax credit for electric commercial vehicles.

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Proposed 30% US tax credit for e-bike purchases gains support in Congress

Electrek

Americans are getting closer to a federal tax credit for electric bicycles, a proposal that could be similar in concept to the electric car and motorcycle tax incentives already on the books. more… The post Proposed 30% US tax credit for e-bike purchases gains support in Congress appeared first on Electrek.

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Almost all electric vehicles would qualify for the US EV tax credit with new Congress bill

Electrek

You may be in luck if you’re looking to buy an electric vehicle. A new bill introduced in the Senate called the Affordable Electric Vehicles for America Act would allow essentially all EVs in the US to qualify for the $7,500 tax credit if passed.

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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., ITC Holdings Corp.,

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Electric bicycle tax credit makes progress in Congress but gets slashed from 30% to 15%

Electrek

A 30% tax credit for electric bicycle purchases in the US has been slowly working its way through the gauntlet of Congress. more… The post Electric bicycle tax credit makes progress in Congress but gets slashed from 30% to 15% appeared first on Electrek.

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Study finds EV buyers want rebates, not tax credits; government could have saved $2B

Green Car Congress

A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. The current federal electric vehicle tax scheme is a pain.