Even with $8,000 tax credit extended, fuel-cell lease prices won't change, automakers say

Green Car Reports

An $8,000 federal tax credit on qualifying hydrogen fuel-cell passenger vehicles has been extended through January 2022 though the latest economic stimulus bill passed by the U.S.

2020 90

Stimulus Bill Provides Major Increase in Plug-in Vehicle Purchase Credit Program

Green Car Congress

The $787-billion stimulus bill (HR 1, the American Recovery and Reinvestment Act) that emerged from the joint House-Senate conference committee this week provides funds for a large range of transportation-related projects. It also made significant changes in the current plug-in vehicle tax credit program, including increasing the limit from a program total of 250,000 vehicles to a maximum of 200,000 plug-ins per manufacturer. Tax Credits for Plug-ins.

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Enova Announces 16 Unit Hybrid School Bus Order; Initial Deployment of Federal Stimulus Dollars for School Buses

Green Car Congress

This interest should continue to grow as more tax credits and incentives become available to ease the transition to hybrid school buses. Enova Systems confirmed today that they, along with Navistar International Corporation and its subsidiary IC Bus, will deploy 16 hybrid school buses ( earlier post ) used for a number of school districts. This deployment represents the initial large scale utilization of US Department of Energy grants for clean school buses.

RFF papers explore differing outcomes of higher gasoline taxes on public transit and rural areas

Green Car Congress

aggregated to the county level given a 10 cent per gallon tax shows tremendous. Economists view higher gasoline taxes as one solution to reducing gasoline consumption and thus air pollution, greenhouse gas emissions, and reliance on oil, while at the same time providing revenue to the government for highway repair and construction. system has important policy implications: a gasoline tax would have greater efficacy in reducing.

2012 218

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.

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.

Help Plug In America renew the EV infrastructure tax credit

Plugs and Cars

From Plug In America: Last year, Plug In America, along with electric vehicle and EV infrastructure manufacturers from coast to coast, worked with members of the House and Senate to get a critical plug-in vehicle infrastructure tax credit into the stimulus bill. These EV tax credits of 50% up to $2,000 for individuals, and 50% up to $50,000 for businesses have led to the beginning of early deployment of EV charging infrastructure all across the United States.

Brookings analysts recommend against repeating cash for clunkers program in future recession

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However, the cost of CO 2 reduced was comparable or lower than that achieved through less cost-effective policies such as the tax subsidy for electric vehicles, the analysis concluded. In terms of distributional effects, compared to households that purchased a new or used vehicle in 2009 without a voucher, CARS program participants had a higher before-tax income, were older, more likely to be white, more likely to own a home, and more likely to have a high-school and a college degree.

Li-ion maker Boston-Power adds $30M in funding; China expansion

Green Car Congress

The investment follows Boston-Power’s September 2011 announcement of $125 million in growth capital and Chinese government stimulus programs ( earlier post )—comprising a combination of grants, low-interest loans and related financial and tax incentives&madsh;and is being used to scale manufacturing, research and development, and business development activities in China for the company’s technology and products. Boston-Power, Inc. announced $30 million in new private equity.

Boston 185

US Departments of Treasury, Energy Announce More Than $3B in Recovery Act Funds for Direct Payments for Renewable Energy Projects

Green Car Congress

Funded through the American Recovery and Reinvestment Act (Recovery Act), the program will provide direct payments in lieu of tax credits in support of an estimated 5,000 biomass, solar, wind, and other types of renewable energy production facilities. This direct payment program allows for an immediate stimulus in local economies. In previous years, the tax credit has been widely used—in 2006, approximately $550 million in tax credits were provided to 450 businesses.

2009 150

China Car Sales Likely Hit New Record in April

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Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 China unveiled a support package for the auto industry early this year, cutting purchase taxes for cars with small engine capacities and providing subsidies to rural purchasers. People’s Daily. million units, according to estimates from the China Association of Automobile Manufacturers (CAAM). Official figures for vehicle production and sales are scheduled for release next Monday.

2009 150

Beijing Wont Restrict Auto Purchases to Deal With Growing Congestion

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The ministry attributed the rapid rise in vehicle numbers to the government’s stimulus policies, which included lower taxes on small-displacement automobiles, subsidies to replace old vehicles and subsidies to farmers buying vehicles. People’s Daily.

2010 185

China Forecast to Produce 12M Vehicles This year

Green Car Congress

The government’s stimulus plan for the auto industry formulated this year had achieved great success in terms of boosting domestic demand and ensuring the industry growth, he said at the on-going 2009 International Forum on Chinese Automotive Industry Development held in Tianjin. In January, China cut the purchase tax on passenger cars to 5% for models with engine displacements of less than 1.6 People’s Daily.

2009 191

Study finds solo hybrid drivers in California HOV lanes amplify congestion, create up to $4,500 per car in adverse social costs annually

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However, two-thirds of the sticker registrants had hybrid cars already on the road, the authors noted; in other words, the stimulus effect was lower than expected. The economists suggested several alternatives: Instead of letting the solo-driver hybrids into rush-hour carpool lanes, the state should provide a tax credit for hybrid vehicles, much like the federal government.

2014 240

This is How the COVID-19 Pandemic Affect The Global EV Market

Get Electric Vehicle

One of the key drivers driving the market’s growth is favorable government policies and funding in the form of incentives and grants, tax rebates, and other non-financial advantages such as carpool lane access.

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. As another panelist pointed out, “ The New York Times is well-equipped to write the article about how Stimulus Funds have been wasted ”. Is tax equity dead? Post-Stimulus. by Bill Cooke.

California Governor Schwarzenegger Announces 244 Proposed Renewable Energy Projects Throughout State; Up to 69,925 MW of Capacity

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California was the first state to sign an MOU with the Department of the Interior to cooperatively develop long-term renewable energy plans and to usher eligible projects through state and federal permitting processes that can receive 30% federal tax credits under the American Reinvestment and Recovery Act (Recovery Act). For those proposed projects looking for federal stimulus support, 22 could generate power at utility-sized levels of larger than 200 MW, totaling 9,231 MW.

2009 225

Greenius Is Fired Up Over Obama’s Green Economic Recovery Bill!

Creative Greenius

Tax Incentives to Spur Energy Savings and Green Jobs. And for those of us who believe that the future of the auto industry involves a plug and a battery - Plug In America just released their press release with the following headline: Plug In America Hails Plug-in Electric Car Aid in Stimulus Bill. Consumers to Benefit from Tax Relief, More Green Jobs. President Obama Steps Up To Save The Economy & The Climate While Republicans No Longer Relevant.

2009 150

US Geothermal Power Could Top 10 Gigawatts, New Industry Report Says

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We hope the tax, loan guarantee, and DOE spending provisions of the stimulus bill will help turn this around, but there have been delays implementing these initiatives by the federal agencies. A new report by the Geothermal Energy Association (GEA) shows strong growth in new geothermal power projects continuing through 2009.

2009 207

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

Deutsche Bank’s China Auto analyst, Vincent Ha, continues to see robust light vehicle sales over the next few years, with a slow to about 11% YoY growth in 2011 (due to a high base from the 2010 surge, and reductions in government stimulus), followed by sustainable low double digit growth in 2012. Increasing political animus towards the ethanol tax credit, which was “ begrudgingly renewed for one year in the lame-duck tax bill.”

2011 215

Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

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Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. Boston-Power, Inc., a provider of lithium-ion battery cells, modules and systems ( earlier post ), announced $125 million in new funding from a combination of private equity investment and support from China.

2011 179

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

China – China, the largest EV market in the world, announced that electric cars will be a top priority in its post-coronavirus stimulus plans , extending EV subsidies and tax breaks for two additional years.

Superstars of AB 811 Rock Palm Desert @ EcoMotion Conference

Creative Greenius

Also Tax Collector, Auditor & Controller. He’s also the County Tax Collector and the County Controller and the County Auditor. Another person who really wowed me was Brian Gitt of Bevilacqua Knight who spoke about Federal Stimulus money available to AB 811 programs. Brian really knew the details of the latest stimulus developments and he specifically mentioned $11 million available to Los Angeles County to launch its AB 811 program for the 88 cities of L.A.

2009 163

NYC Goes EV

Revenge of the Electric Car

From the article: ‘The New York study anticipates that by 2015, electric vehicle prices should decline because of reduced battery costs, that there will be a sufficient supply of electric vehicles to purchase, and that consumers will take advantage of the existing federal tax credit of $7,500 for new electric cars. billion in stimulus grants to the industry. The federal government also offers buyer a tax credit of up to $7,500 per electric vehicle. …

2010 144

Boston-Power to supply Li-ion battery systems to Beijing Electric Vehicle Company for EVs, starting with Saab 9-5 based C70

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Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. Boston-Power, Inc.,

2012 224

PwC’s Autofacts forecasts global light vehicle assembly to reach 81.8M units in 2013, up 3.3% from 2012

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Encouraging growth in Brazil during the first half of the year has dissipated, even as the Industrial Products Tax (IPI) holiday winds down in October. Stimulus measures such as lowered interest rates are offset by tighter credit restrictions in lending, restraining the full-year 2013 sales forecast to approximately 1.3% Global light vehicle assembly will reach 81.8 million units in 2013, representing a 3.3%

2013 192

California Goes To Hell In A Handbasket But Greenius Says AB 811 is Our Route To Green Heaven

Creative Greenius

The treasure chest was cleverly disguised in the form of Federal stimulus money from the ARRA, the American Recovery and Reinvestment Act. As the Greenius learned in early June, when I was at the EcoMotion Palm Desert AB 811 conference, programs like the Greenius’ favorite, AB 811, were tailor-made to score great big bagfuls of bucks from this stimulus. So is the $500 million in Green Jobs funding that’s also part of the ARRA stimulus package.

2009 163

Greenius Goes All AB 811 Over Green Task Force

Creative Greenius

It takes the Greenius an entire day to get up to speed on the judicial validation issues and understand the differences between in rem validation and mandamus validation; to learn about the 1911 Assessment Act and how AB 811 amends Chapter 29 of that act; to discern the differences between AB 811’s Special Assessment Districts compared to SB 279’s Mello-Ross type Special Tax Districts; to get up to speed on HERS ratings and SEER ratings for HVACs.

2009 163

Plug-in cars: Moving Forward

Plugs and Cars

The federal consumer tax credit awaits major automaker cars that can claim them. In addition to the California funds there is federal stimulus money, $41 million by mid-April, being doled out to their projects, many of zero environmental benefit. I write a column for the Electric Auto Association newsletter, Current EVents. Here's my June column. The trajectory remains clear, and the pace has quickened. Plug-in cars are inevitable.

2009 100

China on track for 12million vehicles

Green Cars News

This has been prompted by the government’s stimulus plan for the auto industry which has boosted domestic demand and ensured industry growth. The government has already cut the purchase tax on passenger cars to five per cent for models with engine displacements of less than 1.6litres.

2009 34

Coming Soon – The Electric City

Revenge of the Electric Car

Price and tax incentives need to be worked out. Under last year’s stimulus package, nearly $200 million will support Nissan’s introduction of the Leaf by permitting the installation of 13,000 charging stations around cities in Oregon, Washington, California, Arizona and Tennessee in the next year or so. Photo by Jim Wilson, New York Times. The New York Times looks at how EVs are going to shake up our cities. Cities Prepare for Life With the Electric Car.

2010 100

The Race to Plug-In Hybrids Is On

Green Cars News

The new administration’s stimulus package allots $2B for advanced batteries, $300M for federal and states fleets to buy new clean fuel vehicles and $7,500 tax rebate for PHEV, with yet more money in the Auto-Industry Re-tooling fund. A powerful roster of key industry players in the rapidly evolving electric vehicle arena will come together at Infocast’s Opportunities in Grid-Connected Mobility in San Francisco, California.

2009 37

The Most Powerful Greenius In America

Creative Greenius

But now all of you can do the same things I did, and you’ll soon be able to get some government stimulus money to use instead of the savings you no longer have. And if there’s anything better than having a secret weapon to use against the biggest threat we face in the 21st century, it’s using the tax dollars of tea-baggers help pay for it. FOLLOW ME IF YOU WANT TO LIVE.

2009 163

The Solangelist’s Vision Shines Brighter

Creative Greenius

Seems like a perfect use for some stimulus money, don’t it? We’ve already got AB 811 in place to give us low interest loans for solar we can pay off as property tax assessments , but very few cities have the money to fund the program. The Greenius Plan To Spread Rooftop Solar Faster Then The Common Cold.

2009 163

Major study concludes achieving EU 2050 transport decarbonization goals will require portfolio of advanced powertrains; fuel cells, battery-electric and plug-in hybrids

Green Car Congress

The TCOs of all four powertrains is expected to converge after 2025—or earlier, with tax exemptions and/or incentives during the ramp-up phase. The emerging FCEV market (2010-20) requires close value chain synchronization and external stimulus in order to overcome the first-mover risk of building hydrogen retail infrastructure.

2010 210

Can green cars solve automotive crisis? The Green Piece

Green Cars News

It has established itself as a firm leader in the green car race thanks to the success of the Toyota Prius and Japanese government ecological perks including tax breaks have helped ease the drop in sales with the Prius topping the sales charts in its home country for two successive months. Since the onset of the global economic crisis most of us have been cutting back to save cash wherever we can.

2009 47

The Greenius Solution To All California’s Problems: AB 920 + AB 811

Creative Greenius

My Greenius vision sees billions of dollars pumped into California in good paying jobs, in new clean energy power production, in new industries, and in all the tax revenue that comes with that growth. With AB 811 property owners of all income groups will be able to put that big up front cost as a 20 year loan and put it on your property taxes. is using federal stimulus money to kick-start their program and they’re going to be rolling out a large program countywide.

2009 174

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.

2009 44

Profile: Farmers Ethanol: Focusing on Sustainable Corn Ethanol Production and a Triple Bottom Line

Green Car Congress

Last year people were able to get unleveraged tax equity financing to monetize the production tax credits at yields to the tax investor of 6-7%; this year tax equity investors are seeking yields ranging from 10-15% for leveraged tax equity transactions utilizing the investment tax credit that is now available under the Stimulus Bill. by Bill Cooke. Farmers’ Ethanol biorefinery process. Click to enlarge.

2009 163

Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

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Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations. Stimulate Demand: The programs included in the stimulus bill signed last month may help rebound consumer demand, but more aggressive action to move sales into the 12-14 million-unit range as quickly as possible will help inject much needed liquidity into the entire system.

2009 150

Congestion charge fund should be spent on public transport

Green Cars News

In the recent fiscal stimulus 18 times more was spent on the VAT cut, than on bringing forward transport investment projects, which create jobs, boost the UK’s economic competitiveness and cut congestion. Recession bail outs, falling tax receipts and budget deficits mean that, after the next general election, cities cannot rely so heavily on central grants to improve their transport networks.

2009 34

The electric car and grid parity - OregonLive.com

Tony Karrer Delicious EVdriven

It has awarded tax credits worth about $100 million to each of four manufacturers of electric-hybrid car batteries.

Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

Department of Energys Transportation Electrification stimulus program for a federal grant that would enable a nationwide demonstration fleet with the United States Postal Service (USPS) * Potential partnership with USPS to include infrastructure support from ConEd, Duke Energy, DTE Energy and Electric Power Research Institute (EPRI) Washington, D.C.,