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Proposed Changes to Federal EV Tax Credit – Part 3: MSRP Must Be Less Than $80,000

EV Adoption

Should expensive electric vehicles be excluded from the federal electric vehicle tax credit (IRC 30D)? While this question is often hotly debated on social media, the proposed changes to IRC 30D would draw a line in the sand and establish an $80,000 MSRP cap on the credit.

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6 Best Electric SUVs and Crossovers (and how they’re changing the cost of driving)

EV Life

Additionally, because Tesla has sold over 200,000 electric vehicles, it no longer qualifies for the $7500 federal tax credit, putting it at a price disadvantage versus the competing cars below. The Soul is the low-cost leader in affordability, especially when you factor in up to $10,300 in rebates and tax incentives.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Is tax equity dead? Cap and Trade Disappointment.

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Honda May Develop Plug-In as Obama Alters U.S. Policy (Update2) - Bloomberg.com

Tony Karrer Delicious EVdriven

Tax Credits Instead, Obama backed tax credits of as much as $7,500 inthe stimulus package approved in February for buyers of plug-incars. So far, President Barack Obama has announced no new federaleffort to promote the fuel, and federal funding for hydrogen fortransportation use in the 2009 budget dropped to $177.7

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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

It will also list current tax credits and incentives applicable to EV charging. The DOE’s Alternative Fuels Data Center provides a comprehensive database of federal and state programs that support EVs and infrastructure.

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Stellantis announces mass layoffs in US and Europe

Baua Electric

So much for the personal touch. He added that he believes the rationale for the layoffs was to move jobs to “low-cost countries,” with Stellantis outsourcing jobs to India, Mexico, and Brazil. One mechanical engineer told WJBK Fox, a TV station in Detroit, that “it was a mass firing of everybody that was on the call.”

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Electric Car Makers: Oregon Wants You - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

Governor Kulongoski is currently pushing a plan before the state legislature to cut some hefty tax breaks for electric vehicle manufacturers who choose to come to Oregon, as well as provide huge tax credits to purchasers of electric cars. “My Next post States’ Proposals for Gas Taxes Sputter 11 Comments 1.

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