Tax credit for conversions
DIY Electric Car
MARCH 22, 2021
Any chance anyone knows whether there is any kind of tax benefit you can get from an EV conversion? Hi all, new member here and trying to figure out my budget.
This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.
DIY Electric Car
MARCH 22, 2021
Any chance anyone knows whether there is any kind of tax benefit you can get from an EV conversion? Hi all, new member here and trying to figure out my budget.
Green Car Congress
SEPTEMBER 4, 2012
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.
Green Car Congress
APRIL 26, 2022
Carbon dioxide capture company AirCapture and carbon dioxide conversion company OCOchem, along with other partners, have won a $2.93-million The proposed CO 2 capture and conversion plant will be instrumental in helping the company meet these goals. In addition, the project will assess the impact on members of the local community.
Green Car Congress
SEPTEMBER 10, 2020
Scientists at Daegu Gyeongbuk Institute of Science and Technology, Korea, have developed a novel heterostructured photocatalyst using titanium and copper, two abundant and relatively inexpensive metals, for the conversion of CO 2 into CH 4. Apart from its CO 2 conversion capabilities, the proposed photocatalyst has other benefits.
Green Car Congress
JUNE 23, 2022
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.
Green Car Congress
DECEMBER 7, 2020
Prices for classic electric Range Rovers by Lunaz start at £245,000 (US$329,000) excluding local taxes. Every car by Lunaz goes through a full bare metal restoration and re-engineering process ahead of conversion to the company’s proprietary electric powertrain. Every car by Lunaz represents an individual customer build.
EV Obssesion
JUNE 10, 2021
London Electric Cars (LEC) has launched a classic Mini EV conversion that doesn’t cost the earth From £25,000 excluding local taxes, shipping and donor, LEC can electrify any classic Mini Using any customer donor classic Mini LEC offers a basic 20 kWh conversion with a range of 60 – 70 real-world city miles with upgrades […].
Green Car Congress
NOVEMBER 17, 2017
Bi 0.73 ) achieved 95% methane conversion at 1065°C in a 1.1-meter Under these conditions, the equilibrium conversion is 98%. When the temperature was reduced to 1040 °C, the CH 4 conversion decreased to 86%. Higher conversions, at higher temperatures, were not possible because of Mg evaporation. —Upham et al.
Teslarati
FEBRUARY 7, 2023
The Tesla Model Y complete lineup was recently added to the IRS list of qualifying vehicles that will give buyers a $7,500 tax credit. While it may seem like the company’s huge price cuts coupled with the tax credit would be good for everyone, it spells bad news for competitors that offer comparable EVs in the same category.
CleanTechnica EVs
AUGUST 31, 2023
” I’ve seen this on social media and in a few in-person conversations. After the tax credit (assuming you owe enough taxes for […] “That little Bolt EUV looks great, but I’m waiting for them to make one with all-wheel-drive.”
Green Car Congress
JANUARY 27, 2010
Altech-Eco Corporation has obtained Certificates of Conformity (COC) from the EPA for its new dedicated and bi-fuel 2010 Ford Focus compressed natural gas (CNG) conversion systems. Altech-Eco provides a lifetime warranty on all conversion system emissions components.
Teslarati
OCTOBER 23, 2023
The news was spotted on Monday by X user Anuarbek Imanbaev, who pointed out that the Texas Commission on Environmental Quality website details the Grants for Alternative Fuel Vehicles and Conversion Systems program, which is offering up to $2,500 rebates on purchases of EVs for up to 2,000 applicants.
Green Car Congress
NOVEMBER 27, 2011
Wärtsilä Corporation has completed the conversion of the 25,000 dwt product tanker Bit Viking from heavy fuel oil to liquefied natural gas (LNG) operation. The conversion enables the Bit Viking to qualify for lower nitrogen oxides (NO x ) emission taxes under the Norwegian NO x fund scheme. Click to enlarge.
Green Car Congress
SEPTEMBER 1, 2020
Conversely, 39% of respondents would only buy an EV if gasoline-powered vehicles were no longer available. US respondents are most likely to buy an EV if the government offers a federal/state tax credit. US respondents are split when it comes to when they’ll consider purchasing an EV.
Green Car Congress
FEBRUARY 24, 2016
A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. We need both a policy like a carbon tax and to put more R&D money into renewables.
Green Car Congress
JUNE 10, 2009
Poway, California-based Plug In Conversions Corp. kWh NiMH plug-in hybrid (PHEV) conversion kit that enables all-electric mode driving at speeds of up to 70 miles per hour (until the battery pack is depleted) in a converted Prius. Ewert Energy Systems video (handheld) of driving a Prius PHEV conversion at highway speeds.
Green Car Congress
APRIL 26, 2011
a renewable chemicals and advanced biofuels company, signed an engineering and consulting agreement with Mustang Engineering, LP for the conversion of Gevo’s renewable isobutanol to biojet fuel. Source: Gevo. Click to enlarge. Gevo, Inc., Earlier post.).
Green Car Congress
JUNE 25, 2021
Louisiana Governor John Bel Edwards and PBF Chalmette Refinery Manager Steven Krynski announced that the company is studying the possible conversion of an idled refinery unit into a renewable diesel production complex. The company also is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs.
Green Car Congress
FEBRUARY 27, 2010
Michigan-based electric powertrain company ALTe LLC ( earlier post ) was approved to receive a tax credit valued at $8.4 ALTe is developing light- and medium-duty series plug-in hybrid electric vehicle powertrain systems—initially as conversions, but ultimately extending to an OEM basis.
Baua Electric
JANUARY 6, 2024
The actual process of conversion starts with an exhaustive inspection of the vehicle. UK-based Lunaz, which specialises in ICE to EV conversions of high-end classic cars has developed a modular technical approach, meaning the powertrain can be adapted to the exact requirements and characteristics of various brands and their models.
Green Car Congress
JUNE 5, 2012
Their analysis is published in the journal Biomass Conversion and Biorefinery. Three different carbon tax scenarios are analyzed: no carbon tax, $55/metric ton carbon tax and $110/metric ton carbon tax. The conversion process was created in the lab of Rakesh Agrawal, Purdue’s Winthrop E. —Singh et al.
Green Car Congress
MARCH 25, 2022
EIA projects that production of renewable diesel supply will grow because of its compatibility with existing distribution infrastructure and engines, higher state and federal targets for renewable fuel production, incentives from tax credits, and the conversion of existing petroleum refineries into renewable diesel refineries.
Green Car Congress
JUNE 14, 2010
Cash for Conversions” will start by fixing many of our 100 million trucks, vans, and buses. When they’re mass-produced, conversions will cost under $10-$15,000. Right now, buyers of new plug-in cars get up to $7,500 in tax credits. Tags: Conversions Perspective Plug-ins. They now gulp down one third of the oil we use.
The Truth About Cars
MAY 9, 2023
Far from a backyard Sawzall job, this conversion involves a semi-electric soft top, roll cage which conforms to FIA standards, snazzy new wheels, different upholstery (water resistant, perhaps), and the expected scattershot blast of badges and emblems. .& Depending on spec, it can take upwards of 3 months to create one of these machines.
Cars That Think
SEPTEMBER 27, 2022
Such a conversion has never been done, but the report is another sign that the idea is gaining momentum—if with the slow steps of a baby needing decades to learn to walk. “A Conversion backers say the process has benefits for everybody involved. On 13 September, the U.S. However, there is one project that has made some headway.
DIY Electric Car
JULY 15, 2010
The Ban on EV Conversions is Over!!! Yesterday (June 7, 2010), Electric Mobility Canada sent out an e-mail advising its Ontario members that MTO has lifted the ban, and has implemented an interim solution for the licensing of electric vehicle conversions. "EV conversions are: ? Ontario's Ban on Electric Cars.
Green Car Congress
SEPTEMBER 23, 2019
A team from Pacific Northwest National Laboratory (PNNL) and Idaho National Laboratory has evaluated the process economics and greenhouse gas (GHG) emissions for the conversion of 11 biomass feedstocks to produce transportation fuels via fast pyrolysis and then pyrolysis oil upgrading via hydrodeoxygenation.
Green Car Congress
JUNE 2, 2013
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Dr. Hermann Pengg, head of project management e-fuels, Audi, giving a talk on energy conversion and storage using Power-to-Gas at ASPO 2012.
Teslarati
NOVEMBER 8, 2021
Musk’s poll was triggered in part by recent conversations about billionaires’ unrealized gains being used as a means to avoid taxes. Politically and from tax point of view and given that Elon is poor in cash, he has no choice but to sell his stakes to pay tax and to be cash-rich. Disclaimer: I am long TSLA.
Blink Charging
APRIL 4, 2023
Thanks to new tax credits for EVs and EV charging stations as well as lower fuel and maintenance costs for EVs, fleet managers can now save money while setting an example for other organizations. Limited time to claim tax credits for EV fleets There are currently numerous incentives to purchase EVs and EV charging equipment.
Green Car Congress
OCTOBER 18, 2022
The “Inflation Reduction Act” passed in the US increased tax credits for CCUS by 70%, making a viable business case for the technology in petrochemicals, steel, cement, and in some regions, power. Legislators have recognized this mismatch and are ramping up their support for the industry.
Green Car Congress
AUGUST 27, 2010
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 An alkaline electrolyte maintains high ionic conductivity between the two electrodes.
Green Car Congress
MAY 24, 2019
In addition to reducing CO 2 emissions, implementation of the resistance-heated reactor into existing plants could offer alternative operation conditions, reducing the steam-to-carbon ratio, or operate at increased methane conversion, typically limited by carbon deposition and temperatures (i.e., material constraints).
Teslarati
DECEMBER 14, 2023
India charges hefty import duties on vehicles, with any car priced over $40,000 having a 100 percent import tax, doubling the price. We had multifaceted conversations on issues ranging from energy to spirituality. Tesla has attempted to have the duties rolled back or even removed altogether so it can accurately test demand.
Baua Electric
JANUARY 8, 2024
Meanwhile, Uber India has been facing scrutiny on several regulatory and tax fronts. While Maharashtra has banned plying of two-wheeler taxis, the Delhi government has mandated phased conversion of bike-taxi fleets to electric vehicles.
Teslarati
JANUARY 7, 2024
Cruise must appear at a hearing set for February 6 by the CPUC, following the regulator’s claims that an official from the company left out critical details about the October 2 accident in a conversation the day after the crash. GM suing San Francisco to refund over $108 million in Cruise taxes What are your thoughts?
Green Car Congress
DECEMBER 1, 2013
per gallon US) subsidy and fuel excise and value-added tax exemptions, and ( b ) a prospective future scenario with no form of government support measures. gallon US) with tax exemption and a $0.16/liter An open access paper on their study is published in Biotechnology for Biofuels. Click to enlarge. —Littlewood et al.
Green Car Congress
JULY 13, 2019
Conversely, it reduces emissions to a lesser degree when occurring in a context of decreasing inequality. Their findings, published recently in the journal Energy Research & Social Science , support previous claims by researchers who argue that renewable energy consumption may be indirectly driving energy poverty.
Baua Electric
JULY 28, 2023
billion, a acquire attributed to raised marketplace call for, cost-recovery movements and conversion of the corporate’s gross sales backlog. Adjusted income ahead of hobby, taxes, depreciation and amortization rose $81 million to $243 million. Dana’s income rose 6 % to $2.75
Green Car Congress
JUNE 3, 2013
Auto Additions of Salem performed the bi-fuel vehicle conversions while Blue Star Gas installed an on-site fuel station and delivers year-round fuel supply. Not only is there a 50-cent-per-gallon federal tax credit for operating on alternative fuels like propane autogas, filling up with autogas also costs substantially less than gasoline.
Green Car Congress
SEPTEMBER 21, 2012
Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. For example, an average plug-in hybrid vehicle with a battery capacity of 16 kWh would be eligible for the maximum tax credit of $7,500. Source: CBO. Click to enlarge. billion through 2019.
Baua Electric
MARCH 1, 2024
Conversely, export volumes are likely to remain sluggish due to inflationary pressures and economic slowdowns in key markets such as Sri Lanka, Africa, and Latin America. A similar trend is expected next fiscal as well.” This, coupled with steady cash flows and strong balance sheets, is projected to improve key debt metrics for CV makers.
Green Car Congress
SEPTEMBER 15, 2019
These types of projects have the potential to take advantage of the 45Q tax credit, which provides a tax credit for each ton of CO 2 sequestered or utilized. The credit was recently increased to $35/metric ton for enhanced oil recovery and $50/metric ton for geologic storage.
Green Car Congress
AUGUST 27, 2012
For example, fleets that have more than 10 vehicles that use at least 20,000 gallons per year in a ‘return-to-base operation’ can expect to lock in an after-tax internal rate of return in the 20 to 35 percent range. The economic benefits are remarkable.
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content