The Truth About Cars

MAY 27, 2021

Changes include raising the federal EV tax rebate ceiling to $12,500 and opening the door for automakers who already exhausted their production quotas. The post Senate Finance Committee Approves $12,500 EV Tax Credit Bill appeared first on The Truth About Cars.

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Tax Credit Financing Tax General Motors 118

CleanTechnica EVs

JUNE 4, 2023

billion in Inflation Reduction Act production tax credits this year. Benchmark Mineral Intelligence is reporting that Tesla and Panasonic are expected to receive about $1.8 That will put the two companies far ahead of the estimated $480 million that General Motors and LG Energy Solution are expected to receive.

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Tax Credit Tax General Motors Tesla 112

Green Car Congress

DECEMBER 1, 2022

In the US, the Clean Vehicle Tax Credit calls for automakers to provide proof of where they are sourcing their critical minerals and manufacturing their battery components, while the upcoming EU Battery Regulation will focus on proof of sourcing, responsible provenance, chain of custody, recycled materials and embedded carbon.

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Economy Building Batteries Battery 330

The Truth About Cars

APRIL 17, 2023

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. But it’s kind of a clunky interface so we’re just going to list them here for you.

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Tax Credit Tax North America Chevrolet 86

InsideEVs

DECEMBER 6, 2021

Mexico's Economy Minister calls the potential tax credit discriminatory and is looking at various legal options.

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Tax Credit Mexico Tax Legal 69

Green Car Reports

AUGUST 30, 2023

Department of the Treasury missed its deadline to release guidance defining what kind of hydrogen production will qualify for maximum tax credits under the Inflation Reduction Act (IRA).

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Tax Credit Hydrogen Economy Tax 135

Green Car Congress

SEPTEMBER 15, 2021

Volkswagen of America announced another round of fuel economy figures for the 2021 ID.4 The EPA-estimated fuel economy for ID.4 The EPA-estimated fuel economy for the AWD Pro S is 98 MPGe in city driving; 88 MPGe in highway driving, and 93 MPGe in combined city/highway driving. 4 electric SUV. The 2021 ID.4 Rear-wheel-drive ID.4

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EPA Miles San Diego SUV 418

Green Car Congress

MAY 13, 2023

Aluminum, the report says, is caught in the middle of the clean energy transition—it is a crucial component enabling economy-wide decarbonization, but at the same time is one of the highest emitting industrial materials. Unfortunately, the demand-side drives for aluminum outpace these few supply-side investments.

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Production Tax Credit Tax Electric 225

Green Car Congress

JUNE 4, 2010

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. seconds while delivering impressive EPA fuel economy estimates of 17 mpg city and 26 mpg highway—a near 18% improvement over the non-hybrid 750i/Li.

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Tax Credit Tax BMW MPG 186

Green Car Congress

JULY 24, 2012

Its eligibility for a $3,750 federal tax credit drops that to $29,995. Both Prius Plug-in models qualify for a federal tax credit of $2,500. Expected fuel economy for the C-MAX Energi is the equivalent of 95 miles per gallon (MPGe) combined city/highway—the same as for the Prius PHV.

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Tax Credit Plug-in Tax Ford 268

Green Car Congress

FEBRUARY 4, 2023

Further, the 2022 Fall Economic Statement included a refundable investment tax credit for clean technologies including industrial zero-emission vehicle charging and refuelling equipment, alongside support for clean energy generation and storage.

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Canada Tax Credit Clean Cleaning 304

Green Car Congress

JUNE 6, 2023

The document explores opportunities for clean hydrogen to contribute to national decarbonization goals across multiple sectors of the economy. The US Department of Energy (DOE) released the US National Clean Hydrogen Strategy and Roadmap , a framework for accelerating the production, processing, delivery, storage, and use of clean hydrogen.

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Clean Cleaning Hydrogen Tax Credit 415

Green Car Congress

FEBRUARY 28, 2012

Designed to promote the use of Zero Emissions Vehicles (ZEV) and related clean vehicle technologies, the CVRP is a consumer incentive made available in addition to a $2,500 Federal Tax credit. This means that when the EV Mode is depleted, Prius Plug-in still obtains the same estimated fuel economy rating as Prius Liftback.

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Tax Credit Prius Plug-in Rhode Island 231

Green Car Congress

MAY 19, 2010

A group of 35 biotechnology and biofuel companies and trade associations are urging the leaders of the House Ways and Means Committee to extend tax credits for cellulosic biofuels for four years, to allow algae biofuels to qualify for those tax credits, and to create an option for monetizing the tax credits as tax refunds.

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Tax Credit Tax Companies Financing 210

The Truth About Cars

MARCH 6, 2024

While not currently eligible for federal tax credits, BMW’s EVs can be leased to receive the $7,500 discount others get. Kia recently announced $5,000 off the brand-new EV9, and General Motors has discounted some of its models that lost federal tax credit eligibility. Image: BMW] Become a& TTAC& insider.

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BMW Tax Credit General Motors Tax 92

Green Car Congress

MARCH 8, 2010

Economy-wide CO 2 prices of $30-60/t CO 2 are too weak on their own to motivate significant reductions in CO 2 emissions from transportation. The economy-wide CO 2 prices applied increase the cost of driving only marginally with respect to the business-as-usual case. —Morrow et al. Adoption of all of the preceding policies.

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Tax Credit Tax Emissions Fuel 220

Green Car Congress

FEBRUARY 23, 2022

The EPA-estimated fuel economy for ID.4 The EPA-estimated fuel economy for the Pro S is 115 MPGe in city driving; 97 MPGe in highway driving, and 106 MPGe in combined city/highway driving. The EPA-estimated fuel economy for AWD ID.4 The EPA-estimated fuel economy for AWD ID.4 Pricing for the 2022 ID.4

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EPA Miles Range SUV 259

Green Car Reports

OCTOBER 8, 2015

Buyers of various Volkswagen TDI diesel vehicles took about $50 million in Federal income-tax credits in 2009 for the purchase of their supposedly green car.

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Tax Credit Tax Diesel Congress 60

Teslarati

DECEMBER 14, 2023

The incentives also include a reduction in payroll tax reaching 2,627 million pesos, equivalent to 3.37% of Tesla’s investment—not including its employees. Tesla marks a before and after in the economic development of the State,” said Iván Rivas, State Secretary of Economy. “For billion for its first phase alone.

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Mexico Tesla Tax Credit Nevada 130

Teslarati

APRIL 5, 2024

Kia looks to secure US federal tax credit for EV9 in 2025 “Since the brand relaunch in 2021, Kia has undergone various changes across the business, including the establishment of a groundbreaking EV lineup and presenting a customer-centered mobility future. The company expects BEV and HEV sales to account for 24% of total sales.

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Kia Tax Credit Hyundai Sale 109

Green Car Congress

APRIL 5, 2022

Firefly believes this program will be crucial for the future of mobility and to drive electric vehicle adoption, especially for the professional gig-economy drivers and fleet segments.

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Hyundai Fleet Tax Credit America 170

CleanTechnica EVs

OCTOBER 20, 2022

For BEVs and PHEVs to remain eligible for tax credits, the final assembly must happen in North […]. Audi’s line of EVs may soon be produced in the United States, as soon as 2023, thanks to the newly signed Inflation Reduction Act (IRA). The IRA encourages electric vehicle manufacturers to build their vehicles in the USA.

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United States Tax Credit PHEV USA 145

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.

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Tax Credit Gasoline Tax Gasoline-Electric 252

Green Car Congress

MARCH 11, 2023

The clean hydrogen value chain is expected to develop rapidly in the coming decades to decarbonize many sectors of the economy, accelerated by DOE initiatives including H2@Scale, H2 Hubs, and equities in BIL and IRA including the clean hydrogen production tax credit.

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Hydrogen Commercial Tax Credit Clean 150

Plug in America

DECEMBER 21, 2023

Clean Vehicle Tax Credits Clean vehicle tax credits kicked into high gear in 2023. New federal EV tax credits were expanded and updated, and credits for used and commercial EVs became available for the first time in January.

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Plug-in America Plug Tax Credit 52

Green Car Congress

OCTOBER 11, 2013

With an all-electric range of about 35 highway miles (56 km), and a total range in excess of 300 miles (482 km), the ELR offers fuel economy of 82 MPGe, Cadillac estimates. Upon IRS certification of an anticipated federal tax credit, purchasers may be eligible for a tax credit from $0 to $7,500 depending on individual tax liability.

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Cadillac Tax Credit Price Sale 353

Green Car Congress

SEPTEMBER 8, 2022

Decarbonization of our entire economy is driving massive demand for the next generation of sustainably sourced renewable fuels. Further, the IRA extends and modifies the tax credit for the production of renewable energy from biomass and other technologies.

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Supplies Commercial Fuel Tax Credit 150

Green Cars News

MAY 19, 2010

A group of biotechnology and biofuel companies and trade associations have appealed for an extension to the tax credits offered for cellulosic biofuels. Tags: Biofuels Green cars Latest news algae biofuel Alternative Fuels biofuel tax credits Green JOB Act renewable energy economy.

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Tax Credit Tax Alternative Fuels Green Cars 46

Green Car Congress

SEPTEMBER 5, 2014

We gather today as the Nevada family to share in a monumental announcement that will change Nevada forever and set in motion the creation of thousands of new jobs and stream billions of dollars into our economy. Elements of the agreement include abatements, tax credits, an economic development rate rider, and an agreement on direct sales.

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Nevada Tax Credit Tax Tesla 252

Green Car Congress

APRIL 16, 2015

The US MSRP of Volvo Cars’ new XC90 T8 Twin Engine Plug-In Hybrid ( earlier post ) entry-level Momentum model is $68,100, not including any tax credit incentives or $995 destination charge. seconds, with fuel economy according to the US driving cycle of 59 MPGe. The T8 can achieve 394 hp and 0-60 mph in 5.7

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Tax Credit Volvo Engine PHEV 150

CleanTechnica EVs

MARCH 27, 2023

If you’re a fan of EVs and you spend much time on social media, you probably saw all of the controversy over the Act’s treatment of battery minerals for EV tax credits. If you remember 2022 (it seems so long ago now), you probably remember the Inflation Reduction Act (IRA). I predicted that the situation […]

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Tax Credit Batteries Battery Production 98

Green Car Reports

OCTOBER 27, 2019

Buyers of Tesla and GM electric vehicles will soon be ineligible for the federal EV tax credit. Meanwhile automakers (GM most recently) are grappling with production locations and long-term labor negotiations amid uncertainties over how EVs will play into new federal emission and fuel economy rules.

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Tax Credit Fuel Economy Companies GM 94

Teslarati

MAY 18, 2021

Burry believes that Tesla’s stock is highly reminiscent of the housing market in 2007, just a few months before the crash that led to the first recession in the American economy in twenty years. Munster believes the reintroduction of a $7,000 EV tax credit could be one of the biggest pieces of the bull story for Tesla in 2021.

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Tax Credit Tesla Tax 2007 132

Green Car Congress

JULY 10, 2011

Most Australians now agree our climate is changing, this is caused by carbon pollution, this has harmful effects on our environment and on the economy—and the Government should act. However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise.

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Tax Credit Fuel Tax Carbon Australia 199

Green Car Congress

FEBRUARY 24, 2021

With these updates that prioritize enhanced efficiency, economy and performance, the 2021 Outlander PHEV achieves a combined 74 MPGe and 26 MPG. With its new, larger-capacity battery pack, Outlander PHEV is eligible for additional federal tax incentives for 2021.

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PHEV Mitsubishi Batteries Battery 243

The Truth About Cars

JANUARY 23, 2024

Factors such as political polarization and shifts in tax credits could influence this figure. Growth in Emerging Economies Countries like India, Thailand, and Indonesia are experiencing notable growth in EV sales, indicating that EVs are not limited to wealthier nations. Uncertainty in the United States The U.S.

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Electric Cars Tax Credit Indonesia BYD 92

Baua Electric

APRIL 17, 2024

BCG estimates that most automakers lose around $6,000 on each EV they effectively sell for $50,000, that price accounting for any tax credits or other incentives the customer might be eligible for. Automakers will only be able to close about half of that cost gap with technology choices, BCG estimates.

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Boston Consulting Group Tax Credit Chinese Boston 52